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The most oversold stocks in the industrials sector are drawing attention as potential opportunities to buy undervalued companies. The latest screen highlights major industrials names with a relative strength index (RSI) near or below 30. TaskUs, Inc. (NASDAQ: TASK) On March 23, Wedbush maintained TaskUs with an Outperform rating and…
Wescan Energy Corp. (TSXV:WCE) has acquired a trade license for existing 3D seismic data covering its Provost asset area, a step management says will help optimize development planning and reduce risk for future drilling across its core Provost holdings.
The licensed 3D seismic data is currently undergoing processing and is expected to deliver high-resolution subsurface imaging across the project area. Once processing is complete, the company said the dataset will become a key input to its technical workflow, supporting reservoir characterization, target identification, and detailed geological interpretation.
Management characterized the acquisition as a cost-effective alternative to commissioning a new seismic program, allowing Wescan to use proven, high-quality data while accelerating its technical evaluation timeline.
Wescan said the 3D seismic volume is expected to support the design of future wellbores, including more precise placement of horizontal sections, improved geosteering, and greater confidence in identifying optimal drilling locations.
“Securing this 3D seismic dataset is an important milestone for Wescan as we continue to advance our Provost assets,” said Leo Berezan, Chief Executive Officer of Wescan Energy Corp.
Sarshar Ahmad, Chief Operating Officer, added that once processing is complete, the company’s technical team, working with its geophysicist, will integrate the 3D data into its well planning process for the 2026 summer drilling program. He said the improved imaging will help refine wellbore trajectories, optimize landing points, and enhance geosteering on future drills.
The company anticipates that integrating the 3D seismic interpretation with existing geological, petrophysical, and production data will strengthen its inventory of drill-ready locations and support disciplined capital allocation as it advances its Provost development program.
This news release includes forward-looking information and forward-looking statements, including statements regarding the processing timeline for the 3D seismic data, its expected use in reservoir characterization, prospect identification, and wellbore design, and the anticipated benefits to Wescan’s technical evaluation and development planning, as well as future drilling and development activities on its Provost assets.
Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, including the timely completion of seismic processing, the quality and interpretive value of the processed data, commodity price volatility, the ability to obtain required regulatory approvals, operational and technical risks, access to capital, and broader economic and market conditions.
The forward-looking statements are made as of the date of the release, and the company does not undertake to update them except as required by applicable securities laws. The TSX Venture Exchange and its Regulation Services Provider do not accept responsibility for the adequacy or accuracy of this release.
Wescan Energy Corporation
1972; 350-7th Ave SW, Calgary, Alberta T2P 3N9
Phone: 403-816-4037
Email: info@wescanenergycorp.com
Website: www.wescanenergycorp.com
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