WesCan Energy Corp. Reports Financial and Operational Results for Fiscal Year 2025

Calgary, AB — July 17, 2025 — NewsWall — WesCan Energy Corp. has released its financial and operational results for the twelve months ended March 31, 2025, according to a press release issued July 16, 2025.

Petroleum and natural gas revenue increased 45% to $4.0 million, compared to $2.8 million in the prior year, reflecting increased production and improved commodity prices. Average daily production grew 44% year-over-year to 147 boe/d, up from 102 boe/d in 2024, primarily due to successful workover programs and facility optimization. Cash flow from operations was $587,164, a significant improvement over the prior year’s cash outflow of $270,543.

WesCan recorded a net loss of $799,969 for the year, compared to net income of $233,911 in 2024, largely attributable to increased royalty and operating expenses, higher depletion, and finance charges. Operating netback for the year was $17.31/boe, down from $26.47/boe, primarily due to higher costs and royalties, partially offset by higher production volumes.

The Company’s consolidated financial statements and management’s discussion and analysis (“MD&A”) are available on SEDAR at www.sedar.com. WesCan is advancing preparations for its next multilateral drilling program, expected to spud in August 2025. WesCan is seeking additional equity financing to support ongoing development activities and address its working capital deficiency, which was $981,640 at March 31, 2025.

Leo Berezan, President and CEO of WesCan Energy Corp. stated, “The past year’s results demonstrate the resilience of our team and the strength of our core assets.”

Contact:
Leo Berezan, Interim President & CEO
Ed Leung, Interim CFO
Tel: (403) 265-9464

Source: WesCan Energy