News

Subscribe for News and Updates

* indicates required
Nick Kuzyk Nick Kuzyk

WESTGATE ENERGY ANNOUNCES YEAR END 2025 FINANCIAL RESULTS

CALGARY, ALBERTA, April 30, 2026 – Westgate Energy Inc. ("Westgate" or the "Company") (TSXV:WGT), is pleased to announce the filing of its audited financial and operating results for the three and twelve months ended December 31, 2025. The selected financial and operating information provided below should be read in conjunction with Westgate's audited consolidated financial statements and related management's discussion and analysis ("MD&A") for the three and twelve months ended December 31, 2025 and 2024, as well as the annual information form for the year ended December 31, 2025, which are available on SEDAR+ at www.sedarplus.ca and on Westgate's website at www.westgateenergy.ca.

Read More
Nick Kuzyk Nick Kuzyk

WESTGATE ENERGY ANNOUNCES COMPLETION OF WARRANT EXERCISE INCENTIVE PROGRAM AND RECEIPT OF $2.1MM IN GROSS PROCEEDS

CALGARY, ALBERTA, April 28, 2026 – Westgate Energy Inc. (“Westgate” or the “Company”) (TSXV:WGT), is pleased to announce that it has completed the previously announced warrant exercise incentive program (the “Incentive Program”) in relation to the 16,241,267 outstanding common share purchase warrants (the “Eligible Warrants”) issued in connection with a best-efforts offering that closed on April 2, 2025, raising aggregate gross proceeds of $2,120,256 through the exercise of 8,834,400 Eligible Warrants.

Read More
Nick Kuzyk Nick Kuzyk

WESTGATE ENERGY ANNOUNCES 2025 YEAR-END RESERVES

CALGARY, ALBERTA, April 16, 2026 – Westgate Energy Inc. (“Westgate”, the “Company”, “we” or “our”) (TSXV:WGT), is pleased to announce the results of its independent reserves evaluation effective December 31, 2025, as prepared by Sproule ERCE (the “2025 Reserve Report”).

We believe the 2025 Reserve Report highlights the strength of Westgate’s Mannville Stack heavy oil development platform at Beaverdam and its ability to generate significant long-life reserves, strong capital efficiency, and meaningful net present value growth.

Read More
Nick Kuzyk Nick Kuzyk

WESTGATE ENERGY ANNOUNCES CONDITIONAL ACCEPTANCE OF WARRANT EXERCISE INCENTIVE PROGRAM

CALGARY, ALBERTA, March 19, 2026 – Westgate Energy Inc. (“Westgate” or the “Company”) (TSXV:WGT), is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange (the “TSXV”) to commence a warrant exercise incentive program (the “Incentive Program”) relating to 16,241,267 outstanding common share purchase warrants (the “Eligible Warrants”) issued in connection with a best-efforts offering that closed on April 2, 2025, as previously announced by the Company in a press release dated March 9, 2026. Each Eligible Warrant is exercisable for one common share of the Company (a “Warrant Share”) at a price of $0.24 per share until April 2, 2027.

Read More
Nick Kuzyk Nick Kuzyk

WESTGATE ENERGY ANNOUNCES INTENTION TO LAUNCH WARRANT EXERCISE INCENTIVE PROGRAM AND OPERATIONAL UPDATE

CALGARY, ALBERTA, March 9, 2026 – Westgate Energy Inc. (“Westgate” or the “Company”) (TSXV:WGT), is pleased to announce its intention to launch a warrant exercise incentive program (the “Incentive Program”) relating to 16,241,267 outstanding common share purchase warrants (the “Eligible Warrants”) issued in connection with a best-efforts offering that closed on April 2, 2025. Each Eligible Warrant is exercisable for one common share of the Company (a “Warrant Share”) at a price of $0.24 per share until April 2, 2027.

The Incentive Program is subject to the approval of the TSX Venture Exchange (the “TSXV”).

Read More
Nick Kuzyk Nick Kuzyk

WESTGATE ENERGY ANNOUNCES ANTICIPATED CONVERSION OF CONVERTIBLE DEBENTURE

CALGARY, ALBERTA, March 6, 2026 – Westgate Energy Inc. (“Westgate” or the “Company”) (TSXV:WGT), is pleased to announce that Art Agolli (the “Debenture Holder”), a director of the Company, has agreed, subject to the approval of the TSX Venture Exchange (the “TSXV”) of the Private Placement Warrant Amendment (as described and defined below), to convert the convertible unsecured debentures of the Company (the “Convertible Debentures”) issued to the Debenture Holder on March 7, 2025 into common shares (“Common Shares”) at the conversion price of $0.25.

Read More
Nick Kuzyk Nick Kuzyk

WESTGATE ENERGY ANNOUNCES PROPOSED AMENDMENT TO PREVIOUSLY ISSUED CONVERTIBLE DEBENTURE

CALGARY, ALBERTA, February 27, 2026 – Westgate Energy Inc. (“Westgate” or the “Company”) (TSXV:WGT) announces that the Company and Art Agolli (the “Holder”), a director of the Company, have agreed, subject to TSX Venture Exchange (“TSXV”) approval, to amend the convertible unsecured subordinated debenture of the Company (the “Convertible Debenture”) issued on March 7, 2025.

Pursuant to the proposed amendments, the maturity date of the Convertible Debenture will be extended to April 1, 2027 and the Company will be permitted to pay accrued and unpaid interest on the Convertible Debenture up to the date hereof in advance by issuing common shares in the capital of the Company (“Common Shares”) to the Holder. All other terms and conditions of the Convertible Debenture remain unchanged.

Read More
Nick Kuzyk Nick Kuzyk

WESTGATE ENERGY PROVIDES OPERATIONAL UPDATE

 CALGARY, ALBERTA, January 22, 2026 – Westgate Energy Inc. (“Westgate”, the “Company”, “we” or “our”) (TSXV:WGT), is pleased to provide an operational update following the initial startup of its three recently drilled Mannville Stack oil wells in the Beaverdam area of Alberta.

Read More
Nick Kuzyk Nick Kuzyk

WESTGATE ENERGY ANNOUNCES Q3 2025 FINANCIAL RESULTS

 CALGARY, ALBERTA, November 28, 2025 – – Westgate Energy Inc. (“Westgate” or the “Company”) (TSXV:WGT), is pleased to announce the filing of its unaudited financial and operating results for the three and nine months ended September 30, 2025. Selected financial and operating information should be read in conjunction with Westgate's unaudited consolidated financial statements and related management's discussion and analysis ("MD&A") for the three and nine months ended September 30, 2025 and 2024, which are available on SEDAR+ at www.sedarplus.ca and on Westgate’s website at www.westgateenergy.ca.

Read More
Nick Kuzyk Nick Kuzyk

WESTGATE ENERGY PROVIDES OPERATIONAL UPDATE

CALGARY, ALBERTA, November 18, 2025 – Westgate Energy Inc. (“Westgate” or the “Company”) (TSXV:WGT), is pleased to provide an operational update following the completion of its latest drilling program in the Beaverdam area of Alberta.

Read More
Nick Kuzyk Nick Kuzyk

WESTGATE ENERGY ANNOUNCES GRANT OF EQUITY INCENTIVE AWARDS

CALGARY, ALBERTA, October 29, 2025 – Westgate Energy Inc. (“Westgate” or the “Company”) (TSXV:WGT), announces that the Company’s board of directors has approved grants of: (i) an aggregate of 1,185,000 incentive stock options (“Options”) to certain officers, directors, employees and consultants of the Company; (ii) an aggregate of 537,500 restricted share units (“RSUs”) to certain officers and employees of the Company; and (iii) an aggregate of 40,000 deferred share units (“DSUs”) to certain directors of the Company (collectively, the “Awards”).

Read More
Nick Kuzyk Nick Kuzyk

WESTGATE ENERGY ANNOUNCES Q4 2025 DRILLING PROGRAM AND PRODUCTION UPDATE

CALGARY, ALBERTA, October 1, 2025 – Westgate Energy Inc. (“Westgate” or the “Company”) (TSXV:WGT), is pleased to provide an update on drilling plans for the fourth quarter of 2025 in the Beaverdam area of Alberta. Westgate is pleased to announce that, based on the success of its recent three well summer drilling program at its Beaverdam asset near Cold Lake, Alberta, the Company is planning to commence a five well follow-up drilling program on the Beaverdam asset. Three of the wells are planned to be drilled as horizontals off the same pad for production. Two of the wells are planned to be vertical stratigraphic test wells off temporary surface locations. The stratigraphic test wells are expected to aid in delineating additional Mannville Stack horizons that showed potential for development and to support future horizontal drilling in 2026 and beyond.

Read More
Nick Kuzyk Nick Kuzyk

WESTGATE ENERGY INC. PROVIDES OPERATIONAL UPDATE

CALGARY, ALBERTA, September 17, 2025 – Westgate Energy Inc. (“Westgate” or the “Company”) (TSXV:WGT), is pleased to provide an update on the previously announced three well program on its Beaverdam Assets. Westgate is pleased to report that the three new wells drilled on the Company’s Beaverdam Asset in Northeast Alberta on the Elizabeth Metis Settlement (the “New Wells”) are currently producing at rates that have significantly exceeded management’s budgeted expectations to date. As previously reported, the Company drilled three horizontal wells on its Beaverdam asset lands acquired in September 2024. These horizontal wells targeted three distinct Mannville Stack horizons within the Beaverdam lands.

Read More
Nick Kuzyk Nick Kuzyk

WESTGATE ENERGY PROVIDES ACQUISITION UPDATE

CALGARY, ALBERTA, September 4, 2025 – Westgate Energy Inc. (“Westgate” or the “Company”) (TSXV:WGT), is providing an update on the previously announced acquisition of assets in East-Central Alberta (the “Moonshine Acquisition”) from a private oil and gas company (the “Vendor”). The Company has not obtained certain third-party approvals and consents required to close the Moonshine Acquisition. Accordingly, the Company has notified the Vendor that it was unable to obtain such third-party approvals and consents, and the parties have mutually agreed to terminate the Moonshine Acquisition. The Vendor has returned the Company’s $700,000 deposit (the “Deposit”), including all interest earned thereon. 

Read More
Nick Kuzyk Nick Kuzyk

WESTGATE ENERGY ANNOUNCES UPDATED ON THREE WELL DRILLING PROGRAM AND Q2 2025 FINANCIAL RESULTS

Westgate Energy Inc. (“Westgate” or the “Company”) (TSXV:WGT), is pleased to announce the filing of its unaudited financial and operating results for the three and six months ended June 30, 2025. Selected financial and operating information should be read in conjunction with Westgate's unaudited consolidated financial statements and related management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2025 and 2024, which are available on SEDAR+ at www.sedarplus.ca and on Westgate’s website at www.westgateenergy.ca.

Read More
Nick Kuzyk Nick Kuzyk

WESTGATE ENERGY ANNOUNCES UPDATED ON THREE WELL DRILLING PROGRAM AND Q1 2025 FINANCIAL RESULTS

Westgate Energy Inc. (“Westgate” or the “Company”) (TSXV:WGT), is pleased to announce the filing of its unaudited financial and operating results for the three months ended March 31, 2025. Selected financial and operating information should be read in conjunction with Westgate's unaudited consolidated financial statements and related management's discussion and analysis ("MD&A") for the three months ended March 31, 2025 and 2024, which are available on SEDAR+ at www.sedarplus.ca and on Westgate’s website at www.westgateenergy.ca.

Read More