WestCan Energy

Funding Oil & Gas Acquisition & Development 

Canadian Oil and Gas Undervalued

Due to an extended period of low oil and gas prices, operators of producing properties have been unable to invest money to deliver the true value potential of their oil and gas reserves through standard field activities such as well recompletions, development drilling, and enhanced recovery. Some companies have struggled or even gone bankrupt, yet with rising and stable commodity prices, the industry remains profitable.

Strategic Investment for High Returns

WestCan Energy is strategically positioned to acquire and develop high-quality, undervalued oil and gas assets to deliver their value potential. WestCan aims to unlock the value potential of producing Canadian upstream oil and gas properties using standard field development techniques such as recompleting existing wells, drilling additional wells to recover oil in untapped locations, and operating the fields to maximize oil recovery.

Partnered for Success

Under a strategic alliance agreement, WestCan has partnered with Hillcrest Petroleum, a company managed by experienced oil and gas professionals with excellent track records extracting value from oil and gas properties. Equipped with the state-of-the-art capabilities required to maximize investor return to the partnership, Hillcrest will identify and screen acquisition opportunities for WestCan, and then manage acquired oil and gas assets to deliver maximum value. This strategic alliance couples WestCan’s funding capacity with Hillcrest’s extensive oil and gas capabilities to unlock the value potential of Canadian upstream oil and gas acquisition opportunities.

WestCan will have an exclusive right of first refusal on pre-screened acquisition opportunities to be operated and managed by Hillcrest. WestCan will fund acquisition and development costs associated with oil and gas assets.

Market Opportunity

99.3M
2018 global crude oil demand in barrels per day
~0.4M
Barrels per day the market will be undersupplied in 2018, estimated by OPEC
2x
Canadian oil production expected to more than double by 2030
50%
Price increase of WTI crude oil since 2016

Utilizing Blockchain Technology

WestCan will initially fund oil and gas acquisition and development through standard industry notes which will be converted to an asset-backed security token. Accredited investors can participate in both forms of investment to partner directly in high-potential oil and gas opportunities, giving owners direct rights to asset value, distributed automatically via the blockchain.

Token

WestCan is funding oil and gas acquisition and development through an asset-backed Security Token, which will be distributed via  blockchain technology. Token value will be backed by the market value of the acquired producing oil and gas assets, providing investors with direct access to the underlying oil and gas commodity value.

The benefits of using tokens as the medium for a security investment are smaller entry level commitments,  enhanced liquidity of securities (lock-up period applies), speed and ease of distributing earnings to investors, security of blockchain technology, and codified ownership compliance.

Security Tokens are subject to regulation by security laws in the United States, Canada, and other relevant jurisdictions. Our tokens will fully comply with applicable rules and regulations when they are issued.

Leadership Team

WestCan Energy

JC Cunningham
Chairman of Westcan Energy, Caymans

Entrepreneur and co-founder of multiple organizations in public and private markets. Support ventures in energy, natural resources, agriculture, tech, and emerging fields.

Hillcrest Petroleum

Michael Krzus
Executive Chairman

36 years international energy industry experience including onshore and offshore oil and gas, unconventional oil, LNG projects and geothermal in the US, Australia, The Netherlands and Canada. From 2009 to 2013 was CEO and director of public oil companies in Australia and USA culmination if founding Emerald Oil Ltd in 2012 and delivering 3000 barrels per day production and a market capitalization of ~$500 million by end 2013. Prior to this and after a 3 year period with Home Oil Ltd as a reservoir engineer in Alberta, Canada, enjoyed a 22 year career with Woodside Petroleum and Shell, in various technical and management roles focuse on delivering maximum value from oil and gas resources.

Don Currie
Chief Executive Officer

35 years building, financing and developing both private and public companies in Canada, The United States and South America. Founding CEO, Chairman and Director of Hillcrest Petroleum Ltd (formerly Hillcrest Resources Ltd). Prior to Hillcrest, was a Director, VP and Officer of Enhanced Oil Resources Ltd. Enhanced Oil Resources found 2nd largest CO2/Helium field in the US located in Apache county Arizona defined as containing in excess of 6 trillion cubic feet of CO2 and over one billion cubic feet of Helium. Mr. Currie has been directly involved in Corporate raises in excess of $125,00,000

Dale Miller
Chief Operating Officer

35 years experience in the Canadian upstream oil and gas industry, focused on managing production operations and building value through field development and A&D. BSc in Petroleum Engineering.

Sean C. McGrath
Chief Financial Officer

More than 20 years of accounting / finance experience with publicly traded petroleum and mineral resource companies. CPA.

More Info

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DISCLAIMER

None of the information displayed or downloaded from www.westcanenergy.com represents an offer to buy or sell or a solicitation of an offer to buy or sell any security. For additional information regarding financial or securities information for the company.

This message shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction or the availability of an exemption therefrom. The offering described will only be made by means of separate offering materials (the “Offering Materials”) and only to eligible investors.