Westgate Energy Inc · TSXV:WGT
Westgate Energy — Investor Presentation (September 2026)
16 slides from Westgate Energy's investor presentation, September 2026
Slide 1: Positioned to Unlock the Next Generation of Heavy Oil
TSXV: WGT OTC: WGTFF Positioned to Unlock the Next Generation of Heavy Oil Investor Presentation September 2026 Email Address Website info@westgateenergy.ca Suite 420, 2020 4 Street SW www.westgateenergy.ca Calgary, Alberta T2S 1W3
Slide 2: Investment Highlights
Investment Highlights TSXV: WGT Building on Established Production to Grow Cash Flow Through the Drill Bit TODAY 2027E1 Established $1.2MM+ >$40/boe 8 wells 124 wells3 Production Annual opex Operating Net 2027 planned Inventory of reduction from back delivering drilling program Beaverdam asset stron
Slide 3: Corporate Snapshot
Corporate Snapshot TSXV: WGT Westgate Energy Inc. (TSXV: WGT) is a Canadian high-growth junior E&P company, focused on organic growth in the Mannville Stack fairway in Eastern Alberta and Western Saskatchewan. Westgate Capital Structure Offering Price ($/share)1 $0.25 Basic Shares (MM) 79.3 Current
Slide 4: Westgate Assets
Westgate Assets TSXV: WGT Significant Inventory and Recovery Upside Across a High-Quality Asset Base Beaverdam Highlights (060-01W4) ALBERTA • Mannville stack Hz development with 6 prospective zones • Offset proven vertical CHOPs development across all zones • Applying new circulation string wellbor
Slide 5: Beaverdam Production
Beaverdam Asset TSXV: WGT Area Highlights WGT 100/13-30-060-01W4 Mannville • Established production base with 8 producing Clny A SS wells, 3 stratigraphic tests and 2 fuel gas wells McL A SS • Low decline production profile provides a stable base for predictable and sustainable production growth Was
Slide 6: Circulation Strings
Beaverdam Circulation Strings TSXV: WGT 200 Experienced Circulation String Operator Deploying The 180 Technology to Unlock Additional Resource Potential 160 ✓ Continued optimization with 140 opportunity on other wells Oil Rate (bbl/d) Circulation String Benefits 120 100 ✓ Full-lateral sand managemen
Slide 7: Upcoming Activity
Beaverdam Upcoming Activity TSXV: WGT Low Capital High Impact Projects Fuel Gas Project (12-25-060-02W4) Recompletion at 105/13-31-060-01W4 (GP3N) WGT 100/13-30-060-01W4 GP3N • Acquired and reactivated gas well; production test yielded gas rate of 250 mcf/d Colony • Pipeline tie into 13-30 pad site
Slide 8: Follow-Up Drill Programs
Beaverdam Follow-Up Drill Programs TSXV: WGT Low Risk Offset Locations WGT Colony New Drills A WGT McLaren New Drills • Seven Colony and one McLaren horizontal wells planned for future development • Locations strategically selected to offset existing vertical and horizontal wells • Land position pro
Slide 9: Killam Asset
Killam Asset TSXV: WGT Low Decline Asset With Proven Sparky Multilaterals With Potential To Expand Encouraging Waterflood Pilot Area Highlights • 100/11-21-044-13W4 paid out in 21 months, Westgate lands with an oil IP rate of 103 bbl/d (39 Mbbl1 oil) Ridgeline lands and is currently flat at ~60 bbl/
Slide 10: Forecast Summary – $5.0MM Raise
Forecast Summary – $5.0MM Raise TSXV: WGT Forecast Model Summary - USD$80 WTI $80 WTI Pricing 2026 Quarterly 2027 Quarterly $80 WTI Highlights Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY'26 FY'27 ~1,400 10 $16.8 Operations Summary boe/d $MM Drills Wells Drilled (#) 0 2 0 2 3 2 2 1 4 8 Q4 Exit Production Operating In
Slide 11: Inventory Summary
Beaverdam Inventory Summary1,2 TSXV: WGT Legend Colony, McLaren, and GP are single leg inventory. Waseca inventory is multilateral horizontals. Westgate Lands EMS Boundary Control Points Colony McLaren General Petroleum Waseca 58 locations 13 locations 45 locations 8 locations Tier 1 = 64 locations
Slide 12: Net Inventory Summary
Beaverdam Net Inventory Summary1 TSXV: WGT Majority of Tier 1 inventory is Colony & GP Tier 1 Tier 2 Tier 3 140 120 30 100 Net Counts 80 30 60 40 64 20 0 Colony McLaren GP Waseca Total Colony, McLaren, and GP are single leg inventory, and Waseca inventory is multilaterals. 1. See “Oil and Gas Adviso
Slide 13: Advisories
Advisories Note to Investors In making an investment decision, prospective investors must rely on their own examination of Westgate Energy Inc. (the “Corporation” or “Westgate”), including the merits and risks involved. Prospective investors should not construe the contents of this presentation as l
Slide 14: Advisories
Advisories Oil and Gas Advisories BOE Volume Conversion Barrel of oil equivalent (“boe”) may be misleading, particularly if used in isolation. In accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities (“NI 51-101”), a conversion ratio for conventional natural
Slide 15: Advisories
Advisories Third Party and Industry Data Certain third party and industry data contained in this presentation is based upon information from government or other industry publications and reports or based on estimates derived from such publications and reports. Government and industry publications an
Slide 16: Advisories
Advisories EBITDA 2025 CFO 2025 Operating Netback per Boe 2025 Loss and comprehensive loss -$9,365,963 EBITDA -$2,596,368 Petroleum, natural gas and NGL sales $6,507,988 + Interest expense $1,320,440 - Tax Expense $0 Processing revenue $14,271 + Accretion and finance fee amortization $825,832 - Cash
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