Mark Vanry of Wedgemount on Buying Distressed Oil & Gas Assets in the Permian and Growing Production
In this InvestorIntel interview, Tracy Weslosky talks with Wedgemount Resources Corp.’s (CSE: WDGY | OTCQB: WDGRF) CEO, President, and Director Mark Vanry about Wedgemount’s recent acquisition of two oil and gas assets (Willowbend and Millican) in the Permian Basin of West-Central Texas, North America’s #1 oil-producing region.
Mark also mentions the company’s focus on acquiring distressed oil and gas assets across central Texas and explains how Wedgemount is using its technical expertise to organically grow production at low costs.
Providing an update on production from their “biggest field program to date”, Mark talks about the potential to close at least two more acquisitions by the end of the second quarter of 2023. He goes on to say, “Wedgemount’s opportunity in Texas is the lowest risk, highest upside opportunity that I’ve probably seen in my 25 years in capital markets and around the oil and gas sector.”
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About Wedgemount Resources Corp.
Wedgemount Resources is a junior natural resources company focused on maximizing shareholder value through the acquisition, discovery, and advancement of natural resource projects in North America.
To learn more about Wedgemount Resources Corp., click here.
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