The Conversation (0)
(TheNewswire)
 | |||||||||
Vancouver, BC TheNewswire - March 10, 2026 - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), is pleased to provide the following update on its recent well testing program in west central Texas. During December 2025 and JanuaryFebruary 2026, Wedgemount conducted well tests across its asset base as part of annual compliance procedures for the Texas Railroad Commission. The combined 24hr test results totalled 841 barrels of oil equivalent per day ("BOED") composed of 80% light oil and condensates and 20% natural gas.
Testing
Testing comprised all the Company's producing wells. Once optimized with chemical treatments, additional workovers and improved surface facilities, the Company anticipates total production could be significantly higher. "Our 2026 capital program is focused on high-return, quick-payout development across each of Wedgemount's four Permian Basin operating areas," stated CEO, Mark Vanry.
Macro Commentary
In spite of continued oil and gas price volatility, Wedgemount will continue to focus on low-cost well optimizations of our current inventory of producing wells to both boost production and add additional reserves.
Funding
Currently Wedgemount is focused on efforts to obtain additional funding in order to cover its Texas field operations, general and overhead costs, settle accounts payable as well as implementation of capital investments. Capital investments are aimed at improving water handling and surface facilities which may allow the Company to produce at higher rates on a sustained basis.
Cautionary Note on Short-Duartion Well Tests
The production rates for the wells are based on a stabilized flow period of 24 hours during compliance testing. While these short-term rates demonstrate encouraging productivity and confirm the prospectivity of the assets base, they are not indicative of recently achieved production results and should not be relied upon as indicative of future long-term average production, estimated ultimate recovery or sustained deliverability.
ÂAbout Wedgemount Resources Corp.
Wedgemount Resources is a junior natural resource company focused on maximizing shareholder value through the acquisition, development and exploitation of energy projects in the southern, USA.
ÂOn behalf of the Board of Directors,
ÂMark Vanry, President and CEO
For more information, please contact the Company at:
Telephone: (604) 343-4743Â
ÂReader Advisory
ÂThis 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. Forward looking statements made in this news release includes, Once optimized with chemical treatments, additional workovers and improved surface facilities, total production could be higher, 2026 capital program delivering high-return, quick-payout development, efforts to obtain additional funding and projected use of proceeds, Capital investments improving water handling and surface facilities which may allow higher production rates on a sustained basis, focus on low-cost well optimizations of current inventory of producing wells to both boost production and add additional reserves. Â 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.
ÂNeither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
 ÂNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION, DISSEMINATION, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES
   ÂCopyright (c) 2026 TheNewswire - All rights reserved.
