Wedgemount Announces Huggy Asset Update
(TheNewswire)
Vancouver, BC – March 7,2025 – TheNewswire- Wedgemount Resources Corp. (CSE: WDGY) (OTCQB:WDGRF) (“ Wedgemount ” or the “ Company ”) ispleased to provide an update on field activity at its recentlyacquired Huggy Assets.
With the return of seasonal temperatures inwest-central Texas over the past two weeks, Wedgemount has resumed allfield activities, including pumping, surface facility optimization,maintenance, chemical treatments and well workovers. The majority ofwork has been and will continue to be focused on the Echo and Noviceoperational areas at Huggy, where five additional wells have beenbrought back online.
Each of these five wells had been inactive for asignificant period before the Wedgemount acquisition. Historic initialproduction (IP) rates for these reactivated wells ranged from 15 to 65barrels of oil equivalent per day (boepd). Based on prior successfulchemical stimulations on select of the Company’s Willowbend leases, managementexpects that, following workovers and chemical treatments, wellperformance for these reactivated wells should meet or even exceed theoriginal IP rates.
Wedgemount has over 100 wells yet to undergo chemicalstimulation, presenting a significant production upside for theCompany over the next two years.
About Wedgemount ResourcesCorp .
Wedgemount Resources is a junior oil & gas companyfocused on maximizing shareholder value through the acquisition,development and exploitation of natural resource projects in thesouthern USA.
On behalf of the Board of Directors,
WEDGEMOUNT RESOURCES CORP.
Mark Vanry, President and CEO
For more information, please contact the Companyat:
Telephone: (604) 343-4743
ReaderAdvisory
This news release may containstatements which constitute “forward-looking information”,including statements regarding the plans, intentions, beliefs andcurrent expectations of the Company, its directors, or its officerswith respect to the future business activities of the Company. Thewords “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. Forward lookingstatements made in this news release include; the continued focus onfield work at Echo and Novice; management expectation that, following workovers and chemicaltreatments, well performance for these reactivated wells should meetor even exceed the original IP rates; and with 100 wells yet to undergo chemicalstimulation, significant production upside for the Company may beachieved over the next two years. Investors are cautioned that any suchforward-looking statements are not guarantees of future businessactivities and involve risks and uncertainties, and that theCompany’s future business activities may differ materially fromthose in the forward-looking statements as a result of variousfactors, including, but not limited to, availability of funds,personnel and other resources necessary to conduct exploration ordevelopment programs, successes of the Company’s explorationefforts, availability of capital and financing and general economic,market or business conditions. There can be no assurances that suchinformation will prove accurate and, therefore, readers are advised torely on their own evaluation of such uncertainties. The Company doesnot assume any obligation to update any forward-looking informationexcept as required under the applicable securities laws.
Neither the Canadian SecuritiesExchange nor the Investment Industry Regulatory Organization of Canadaaccepts responsibility for the adequacy or accuracy of thisrelease.
Copyright (c) 2025 TheNewswire - All rights reserved.
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