WesCan Energy Provides Corporate Update

About this update from Wescan Energy Corp.

[{"type":"text","content":"WesCan Energy Provides Corporate Update\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n June\n2\n \n \n \n \n 6\n \n \n \n \n , 2024 - Calgary, Alberta –\n \n \n \n \n TheNewswire -\n \n \n \n WesCan Energy Corp. (TSXV: WCE)\n(“\n \n \n WesCan\n \n \n ” or the “\n \n \n Company\n \n \n ”)\n \n Wescan Energy announces\npositive developments from Phase 1 of its field optimization\nactivities with May sales of 121 bbls/d. Current field production\ncontinues to trend higher with the implementation of the previously\nannounced field optimizations.  The 2022 drill 105/13-22-038-03-W4\nhas now increased production from ~30 bbl/d to 49 bbl/d currently,\nwhich is the maximum monthly production on that well thus far. Further\nproduction increases from Phase 1 are expected as we accelerate into\nPhase 2 of field optimization activities into the first week of July.\nAdditionally, Wescan has reduced operating expenses by coordinating\nfield work, reducing workover expenses through proactive field\nmanagement, significant downhole and surface chemical work, and\nreduction of electricity expenses which constitutes a major portion of\nour fixed operating expenses.\n \n \n \n Operations Update:\n \n The casing\ngas compressor unit installed at 105/13-22 has exceeded expectations\nwith the well producing ~49 bbls/d in May 2024, a full 53% higher than\nApril 2024 with further downhole cleanouts and solvent injection\nunderway.  The new chemical pump installed on the flowline has kept\nsurface equipment clean and pressure differentials to a minimum.\n \n \n A second casing gas compressor unit is now installed and under\noptimization, with this unit pulling on 5 wells, including our 2\n \n nd\n \n most productive well\n14-22-38-03W4.  Casing pressure will be brought down to 0 psi over a\nperiod of time to minimize formation damage, prevent wellbore\ncollapse, and allow for accurate well response testing while keeping\nthe battery free of sudden slugs of wax and scale that may mobilize\nfrom the reservoir and well tubing. Well 02-27 was brought back online\nafter extensive downhole work, sand and scale cleanout, and\nreplacement of corroded tubing joints.  Further logging and economic\nanalysis is underway on 3 currently suspended wells in preparation for\npotential workovers and further do...

More updates from Wescan Energy Corp.