Announcement • Jul 16
Wedgemount Resources Corp. Appoints Sheldon Cote as Head of Operations and Engineering Wedgemount Resources Corp. announced the appointment of Sheldon Cote as Head of Operations and Engineering. In this role Mr. Cote will provide senior engineering oversight and technical leadership across the Companys Texas oil and gas assets. Wedgemount holds directly through its subsidiary Wedgemount Texas Corp. (WTC), 131 wells across 22,000 acres of leasehold in Runnels and Coleman Counties, Texas, in the Eastern Shelf of the Permian Basin. Mr. Cote brings thirty-one years of international experience in overseeing all facets of oil and gas production including well and facilities optimization, artificial lift, flowback, sand face and wettability management. Mr. Cote previously worked in a variety of engineering roles at BP America, BP/Vico (Indonesia), Yuma Exploration, Pioneer Resources and PDVA. He holds a degree as a Petroleum Engineering Technologist from the Southern Alberta Institute of Technology, 1995. Announcement • Jun 24
Wedgemount Resources Corp. Provides Operational Update on Oil and Gas Production Enhancement Program in West Central Texas Wedgemount Resources Corp. provided an operational update on its ongoing oil and gas production enhancement program in west central Texas. During the past three weeks total production has increased 62% to an average of 203 BOEPD (average based on past seven days). Current production mix is approximately 60% light oil and 40% natural gas and condensate. The increase is despite record rainfall and recent flash floods in the immediate area of Wedgemount's operations. Highlighting the increase in production is the Company's D-29 well which has averaged 34.2 BOEPD over the past nine days including 27 bbls/d of light oil. The excellent production rates are in spite of the fact the Company has performed neither a workover nor a large chemical stimulation on it. The D-29 well had not been in production for six years prior to being turned on by Wedgemount in mid-June. The Company is optimistic that D-29 production can be sustained at current or higher levels after full optimization. As previously disclosed, the operational team's focus over our 22,000 acres will be surface and subsurface improvements to increase production, sales and reserve recoveries. In addition, Wedgemount will initiate a development plan focusing on by-passed pay zones and prioritizing future drilling locations on the Company's large land position. Short term June and July Initiatives will continue to prioritize bringing additional wells onto production, including; Pump replacements and repairs; Chemical cleanouts of wells; Replacement of legacy electrical components; Further injection well work; Road improvements due to flooding damage. Following optimization of the Company's existing vertical production wells, significant growth potential remains across the balance of Wedgemount's leases, with an estimated inventory of over 500 drilling locations based on allowable 40-acre well spacing. Announcement • Jun 01
Wedgemount Resources Corp., Annual General Meeting, Jul 27, 2026 Wedgemount Resources Corp., Annual General Meeting, Jul 27, 2026.