Company News

 Vancouver, BC – March 21, 2022 – Wedgemount Resources Corp. (CSE: WDGY)(OTCQB: WDGRF) (“Wedgemount” or the “Company”), is pleased to announce that it has entered into a Purchase and Sale Agreement (“PSA”) for the acquisition of additional oil and gas assets (the “Assets”) located in the prolific Permian Basin of west central Texas. The PSA is with an arm’s length private company (the “Seller”) located in Texas, USA.  Highlights:  2000 acres including 7 oil leases adjacent to current central Texas Permian Basin core area  8 producing wells and all surface facilities included in purchase price  Upon closing existing wells will…

Vancouver, BC – February 22, 2023 – Wedgemount Resources Corp. (CSE: WDGY)(OTCQB: WDGRF)  (“Wedgemount” or the “Company”), is pleased to announce additional updated production results from the Willowbend light oil project, located in the Permian Basin of Central Texas (the “Project” or “Willowbend”).  As of February 16, 2023, the five-day average Willowbend field production was 104 boepd, which represents a significant increase from the Q4 2022 average of 25 boepd. To date, three of eleven wells on the Project have undergone both well and formation chemical treatments with the balance anticipated to be treated prior to the end of March…

Vancouver, BC – February 14, 2023 – Wedgemount Resources Corp. (CSE: WDGY)(OTCQB: WDGRF)  (“Wedgemount” or the “Company”), is pleased to announce initial well production results from the Willowbend light oil project in the Permian Basin of central Texas.  On January 23, 2023, three wells including the McBeth-2, McBeth-5 and Davis-3 underwent well and formation chemical treatments.  Prior to the treatments, the three wells were flowing at a combined rate of 10 barrels of oil per day.  Post treatment, the three wells combined have tripled in production and are currently flowing at a rate of 31 barrels of oil per day.…

Vancouver, BC – February 2, 2023 – Wedgemount Resources Corp. (CSE: WDGY)(OTCQB: WDGRF)  (“Wedgemount” or the “Company”), is pleased to announce that it has commenced its phase-one field program on its recently acquired Willowbend light oil project located in the Permian Basin of central Texas. The initial program includes chemical clean-outs of both operating wells and the producing Gardner formation, optimization of surface facilities, and a study of historic bypassed pay zones.  Chemical treatments on the initial three wells have been completed and production tests have commenced.  The Company anticipates results of the well tests in approximately two weeks.  The…

Vancouver, BC – January 24, 2023 – Wedgemount Resources Corp. (CSE: WDGY)(OTCQB: WDGRF)  (“Wedgemount” or the “Company”), is pleased to announce that Ms. Heidi Flaig has been retained as Senior Operations Manager for the Company’s Permian Basin oil and gas assets located in west central Texas. Ms. Flaig and her firm, Petrosaurus Inc., will function as a turnkey technical and business service provider to the Company’s US Subsidiary, Wedgemount Texas Corp. (“WTC”). Mark Vanry, President and CEO of Wedgemount, comments, “We are thrilled to welcome Heidi to the WTC team. Heidi and her colleagues at Petrosaurus Inc. bring over forty…

Vancouver, British Columbia–(Newsfile Corp. – January 12, 2023) – Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) (“Wedgemount” or the “Company“), announces that it has completed the first of three payments in connection with the definitive agreement (the “Transaction“) to acquire certain West Texas, Permian Basin, oil and gas production assets (the “Project“) (announced December 19, 2022). The Company completed a payment to the arm’s length vendors of US$250,000 with additional payments of US$500,000 (on or before February 28, 2023) and US$750,000 (on or before March 31, 2023) scheduled to meet closing conditions of the Transaction. On closing of the Transaction,…

Vancouver, BC – January 4, 2023 – Wedgemount Resources Corp. (CSE: WDGY)(OTCQB: WDGRF)(“Wedgemount” or the “Company”), is pleased to announce that Mr. Richard Naden has been retainedas a Senior Petroleum Advisor to the Company, to consult on matters related to oil and gas production,exploitation and enhanced recovery for the Company’s Permian Basin focused US Subsidiary,Wedgemount Texas Corp.Mark Vanry, President and CEO of Wedgemount comments, “We couldn’t be more pleased to haveRichard join the Wedgemount team and work in coordination with our geoscience and field operationsgroups. Richard brings a wealth of both North American and International experience which will beinvaluable in…

WDGY PR (December 19, 2022) re Definitive Agreement to Acquire Willowbend Vancouver, BC – December 19, 2022 – Wedgemount Resources Corp. (CSE: WDGY)(OTCQB: WDGRF) (“Wedgemount” or the “Company”), is pleased to announce the signing of a Definitive Agreement (the “Agreement”), replacing the non-binding letter of intent announced October 27, 2022 for the acquisition of oil and gas assets (the “Assets”) located in the prolific Permian Basin of West-Central Texas. Highlights of the Assets: Premier location in the Permian Basin of West-Central Texas – North America’s #1 oil producing region Partnered with San Antonio based turn-key oil field services operator with…

Vancouver, BC – November 1, 2022 – Wedgemount Resources Corp. (CSE: WDGY)(OTCQB: WDGRF)  (“Wedgemount” or the “Company”), is pleased to announce that Derek Stonehouse has been retained by the Company to provide consulting services in the role of Senior Geoscientist.  Mr. Stonehouse will assist the Company with technical matters related to its proposed oil and gas acquisition located in the prolific Permian Basin of West Texas.  Mark Vanry, President and CEO of Wedgemount comments, “We’re extremely pleased to have Derek join the Wedgemount team to head up a new energy focused Geoscience group. He has a unique ability to find…

Vancouver, BC – October 27, 2022 – Wedgemount Resources Corp. (CSE: WDGY)(OTCQB: WDGRF)  (“Wedgemount” or the “Company”), is pleased to announce that it has entered into an assignment of a Non-binding Letter of Intent (“LOI”) for the purchase of oil and gas assets (the “Assets”) located in the prolific Permian Basin of west Texas. The LOI is with an arm’s length private company (the “Seller”) located in Texas, USA.  The assignor is a private company also located in Texas that provides oil field and consulting services (the “Assignor”). Highlights:                                  Building a new light oil focused Permian Basin oil…