EPISODE · Oct 30, 2023 · 8 MIN
Mark Vanry on the rising oil and gas market and Wedgemount’s production enhancement plans
from Investor.News · host Investor.News
In a recent InvestorNews interview, host Brandon Colwell engaged Wedgemount Resources Corp.'s (CSE: WDGY | OTCQB: WDGRF) President, CEO, and Director Mark Vanry, in a discussion on their Central Texas oil and gas assets and the ambitious production enhancement program they have set in motion. Mark began by highlighting Wedgemount’s remarkable achievements to date, having successfully grown production by approximately 500% on their Willowbend and Millican wells. He adds that the new production enhancement program is designed to further unlock the potential of these assets. Mark went on to discuss Wedgemount’s acquisition of the TCS project located close to their existing assets and expressed his confidence in achieving significant production increases at the TCS project as well. The conversation then shifted to the broader macroeconomic factors influencing the oil and gas industry. With an ever-increasing global demand for oil and gas, Mark underscored the declines in global production citing the International Energy Agency's projection of global consumption reaching 110 million barrels per day by 2030. Emphasizing the need to find enough oil, Mark explains how Wedgemount is positioned to capitalize on this demand.
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Mark Vanry on the rising oil and gas market and Wedgemount’s production enhancement plans
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