November 1, 2022 (Source) — Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) (“Wedgemount” or the “Company“), is pleased to announce that Derek Stonehouse has been retained by the Company to provide consulting services in the role of Senior Geoscientist. Mr. Stonehouse will assist the Company with technical matters related to its proposed oil and gas acquisition located in the prolific Permian Basin of West Texas.
Mark Vanry, President and CEO of Wedgemount comments, “We’re extremely pleased to have Derek join the Wedgemount team to head up a new energy focused Geoscience group. He has a unique ability to find value creation opportunities in misinterpreted and overlooked oil plays. In particular, Mr. Stonehouse’s expertise in identifying by-passed pay zones is an ideal fit with Wedgemount’s recently announced acquisition.”
Mr. Stonehouse has a 30+ year track record of discovery, development and optimization of a variety of oil play types in North America and is a founder of Texas Based Somerset Energy Partners.
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.
On behalf of the Board of Directors,
WEDGEMOUNT RESOURCES CORP.
Mark Vanry, President and CEO
This news release may contain statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Forward looking statements made in this news release include the anticipated completion of the acquisition and the proposed timing of thereof, the anticipated benefits of the acquisition, the potential for gas production and production from additional zones on the Assets, and potential additional acquisition opportunities in the area of the Assets. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, availability of funds, personnel and other resources necessary to conduct exploration or development programs, successes of the Company’s exploration efforts, availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
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