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. Announcement • Apr 08
Wedgemount Resources Corp. announced that it has received CAD 1.25 million in funding On April 7, 2026, Wedgemount Resources Corp. closed the transaction. The company issued 25,000,000 Common Shares at a price of CAD 0.05 per Share for gross proceeds of CAD 1,250,000. In connection with the Offering, the Company paid finder’s fees of CAD 16,520. Securities issued under the Offering, are subject to a hold period expiring August 7, 2026, in accordance with the rules and policies of the Canadian Securities Exchange and applicable Canadian securities laws.
On April 7, 2026, Mark Vanry acquired of 2,190,000 common shares of the Issuer and was granted 500,000 RSUs, on a direct basis on April 6, 2026. Prior to the acquisition, the
Acquiror owned and controlled 4,627,500 common shares in the capital of the Issuer. In the direct and indirect aggregate, the Acquiror now owns and controls 6,817,500 common shares of the issuer, representing 7.3% of the Issuer’s outstanding common shares, alongside certain other all of the same being further described and hereby referenced through the Form 62-103F to be filed within 2-days (on SEDAR) involving this disclosure. The Acquired Securities represent approximately 2.4% of the outstanding common shares of the Issuer (based on the Issuer having 93,702,575 common shares currently issued and outstanding). The Acquired Securities were acquired on March 6, 2026 through a private placement at an average price of CAD 0.05 per common share. In the future, additional securities of the Issuer may be acquired or disposed of by the Acquiror, through the market, privately or otherwise, subject in all cases to market conditions and compliance with applicable securities laws.