Last C$0.09 CAD
Change Today 0.00 / 0.00%
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As of 11:59 AM 04/15/14 All times are local (Market data is delayed by at least 15 minutes).

wescan energy corp (WCE) Snapshot

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wescan energy corp (WCE) Details

WesCan Energy Corp., a development stage junior oil and gas company, explores for, develops, and produces oil and gas properties in Canada and the United States. It holds a 50% working interest in petroleum and natural gas (P&NG) lease near the Sawn Lake/Red Earth area of northern Alberta. As of December 31, 2013, the company held 2,608 net acres of undeveloped P&NG leases in Alberta. It also has a 3.67% working interest in a gas well located in Arkansas. The company was formerly known as Great Pacific International Inc. and changed its name to WesCan Energy Corp. in October 2012. WesCan Energy Corp. was incorporated 1993 and is based in Calgary, Canada.

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wescan energy corp (WCE) Key Developments

Wescan Energy Corp. Reports Earnings Results for the Year Ended March 31, 2013

Wescan Energy Corp. has reported that net loss and comprehensive loss for the year ended March 31, 2013 was CAD 730,128, or CAD 0.24 loss per share, compared to a net loss and comprehensive loss of CAD 1.37 million, or CAD 0.58 loss per share, for the year ended March 31, 2012. Sales of oil and gas for the year ended March 31, 2013 were CAD 51,603, compared to CAD 107,831 for the year ended March 31, 2012. Income from oil and gas operations for the year ended March 31, 2013 was CAD 2,308, compared to CAD 8,098 for the year ended March 31, 2012.

Wescan Energy Corp. Auditor Raises 'Going Concern' Doubt

Wescan Energy Corp. filed its Annual on Jul 19, 2013 for the period ending Mar 31, 2013. In this report its auditor, Manning Elliott, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Wescan Energy Corp. Announces Management Changes

WesCan Energy Corp. announced that John H. Cassels has been appointed Vice-President, Finance, and Chief Financial Officer of the company. The appointment of Mr. Cassels is subject to regulatory approval. Mr. Cassels was a founding shareholder, chief executive officer and director of Highview Resources Ltd. Mr. Cassels replaces Dwight Fieseler who resigned as Vice-President, Finance and Chief Financial Officer, to pursue another business opportunities.


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Price/Earnings NM Not Meaningful
Price/Sales 45.8x
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Price/Cash Flow 23.1x
TEV/Sales 16.2x

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