WesCan Energy Corp. (V:WCE)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | Suite 2500, 520 - 5th Avenue SW CALGARY AB T2P 3R5 |
| Tel: | N/A |
| Website: | https://www.wescanenergycorp.com |
| IR: | See website |
| Key People | ||
| John Hamilton Cassels Chief Financial Officer, Vice President - Finance | ||
| Business Overview |
| WesCan Energy Corp. is a Canada-based junior public resource company. The Company is engaged in the business of oil and gas exploration, development and production with oil and gas operations and property interests in Alberta, Canada and Texas, United States of America. It is focused on exploration and development of light oil and liquids-rich natural gas opportunities in Alberta and Saskatchewan. Its assets are comprised of 100% operated, oil-weighted properties characterized by multi-zone oil reservoirs. |
| Financial Overview |
| For the nine months ended 31 December 2023, WesCan Energy Corp revenues decreased 14% to C$1.9M. Net income totaled C$189K vs. loss of C$222K. Revenues reflect Petroleum and natural gas sales decrease of 22% to C$2.1M. Net Income reflects General and administrative decrease of 9% to C$380K (expense), Depletion and depreciation decrease of 1% to C$422K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $3.46M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2.69M as of Dec 31, 2023 |
| EBITDA (TTM): | $0.71M as of Dec 31, 2023 |
| Net annual income (TTM): | $0.28M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$1.33M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1.49M as of Dec 31, 2023 |
| Shares outstanding: | 41,472,958 as of Feb 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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