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WesCan Reports Quarterly Net Loss

WesCan Energy Corp. (WCE.V) reported a quarterly net loss of $73,308 on petroleum and natural gas revenues of $41,593.

The company's average production for Q3 2013 was 5 bbls per day of oil, an increase of approximately 20% over Q3 2012. The nominal increase was driven by a previously shut-in well (36% net interest to the company) being placed back on production by the operator at Peerless Lake, Alberta.

Wescan said it continues to be challenged by volatile oil prices and uncertainties within the capital markets.

WCE shares last traded at $0.17, up three cents.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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