Wedgemount Announces Commencement of Summer Field Program and Production Update
Vancouver, BC – June 11, 2024 – Wedgemount Resources Corp. (CSE: WDGY)(OTCQB:
WDGRF)(“Wedgemount” or the “Company”), is pleased to announce details of its upcoming summer
2024 field program focusing on the Company’s recently acquired TCS assets.
The TCS leases consist of eight vertical production wells and one injector. All eight wells will undergo
workovers and chemical treatments similar to our Willowbend and Millican assets. To date, the average
sustained production increase of Wedgemount’s treated and optimized wells has been approximately
7x. The Company anticipates the program will run from June 16 through to mid-July. Post program
completion, Wedgemount is optimistic that the Company will continue to see strong production and
reserve gains.
Production Update
Wedgemount’s current production is at a new corporate high of 285boepd. Of note, the average
production per well on our fully optimized McBeth, Pirtle and Davis leases is 22.1boepd.
Future Growth Opportunities Wedgemount continues to be focused on further growth opportunities in our immediate operating area and is optimistic that one or more additional acquisitions could be completed during calendar 2024.
About Wedgemount Resources Corp.
Wedgemount Resources is a junior oil & gas company focused on maximizing shareholder value through
the acquisition, development and exploitation of natural resource projects in the southern USA.
On behalf of the Board of Directors,
WEDGEMOUNT RESOURCES CORP.
Mark Vanry, President and CEO
For more information, please contact the Company at:
Telephone: (604) 343-4743
info@wedgemountresources.com
www.wedgemountresources.com
Reader Advisory
This news release may contain statements which constitute “forward-looking information”, including
statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words “may”,
“would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar
expressions, as they relate to the Company, or its management, are intended to identify such forward-
looking statements. Investors are cautioned that any such forward-looking statements are not
guarantees of future business activities and involve risks and uncertainties, and that the Company’s
future business activities may differ materially from those in the forward-looking statements as a result
of various factors, including, but not limited to, fluctuations in market prices, successes of the operations
of the Company, continued availability of capital and financing and general economic, market or
business conditions. There can be no assurances that such information will prove accurate and,
therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does
not assume any obligation to update any forward-looking information except as required under the
applicable securities laws.
Neither the Canadian Securities Exchange nor the Canadian Investment Regulatory Organization accepts
responsibility for the adequacy or accuracy of this release.