WesCan Energy Corp. Announces Q3 2026 Financial and Operating Results
CALGARY, ALBERTA — February 24, 2026 — Leads & Copy — WesCan Energy Corp. (TSX-V: WCE) has announced its financial and operating results for the three and nine months ended December 31, 2025, reporting a 596% surge in cash flow from operating activities to $492,548 in Q3/26, compared to $70,752 in Q3/25.
Following a successful high-impact multilateral well in late 2025, the company has transitioned to a self-sustaining operational model, characterized by strong cash flow and organic de-leveraging.
Average production increased 55% to 225 boe/d in Q3/26, up from 146 boe/d in the same period last year, spurred by the integration of a new high-impact well.
Operating netbacks also saw a 137% increase to $28.22/boe from $11.90/boe in Q3/25, achieved through rigorous cost management and an 18% reduction in total operating costs.
The company’s working capital deficiency improved by over $1.1 million year-over-year, ending the period at $1,263,009 compared to $2,379,964 in the prior year. General and Administrative (GA) expenses remained at $91,748 for the quarter.
WesCan is using surplus cash flow to systematically pay down its $3,303,922 in notes payable.
Building on the success of the 2025 drilling program, management is evaluating a potential new high-impact drilling location for late 2026. The company intends to seek targeted equity financing specifically to fund the 2026 drilling program, to accelerate expansion without disrupting the current debt-repayment trajectory.
Management stated that the third-quarter results confirm the underlying technical potential of the company’s core assets and that WesCan is positioned to reduce legacy debt while preparing for its next phase of high-impact growth.
Wescan Energy Corporation is a junior oil and gas company listed on the TSX Venture Exchange. The company focuses on the acquisition, development, and production of oil and natural gas assets in Western Canada.
Source: Wescan Energy Corp.
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