Wedgemount Announces Initial Operations Update Post Huggy Acquisition
Vancouver, BC – October 9, 2024, 2024 – Wedgemount Resources Corp. (CSE: WDGY)(OTCQB: WDGRF)
(“Wedgemount” or the “Company”), is pleased to provide an operations update for the Company’s west
central Texas oil and gas operations.
Since the closing of the Company’s recently announced Huggy asset acquisition and concurrent
financing, Wedgemount’s operations team has commenced optimization of wells and surface facilities in
both the Echo and Novice fields which make up the core of the Huggy assets. As a result, the Company
now has a total of 72 wells producing up from 23 prior to the Huggy purchase. Initial work has been
focused on our Echo operating unit where the Company has completed significant surface processing
improvements and completed enhancement work on six producing wells. At Novice one production
well has been repaired and turned back on.
In October Wedgemount plans to add a second workover rig and crew to the Echo and Novice units,
which the Company anticipates running through the balance of calendar year with the goal of ramping
up production and sales prior to the US holiday season. Current plans include optimizing an additional
10 wells during the month of October. For the balance of calendar 2024 the Company expects variability
in the number of production wells on at any given time due to the continuing work on wells and surface
infrastructure.
The Company expects to announce regular field and production updates in the coming weeks for each of
the Company’s operating areas including Novice, Echo, Crews and Talpa.
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, availability of funds, personnel and other resources
necessary to conduct exploration or development programs, successes of the Company’s exploration
efforts, 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 of
Canada accepts responsibility for the adequacy or accuracy of this release.