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Apr 30, 2026 8:01 PM

WESTGATE ENERGY ANNOUNCES YEAR END 2025 FINANCIAL RESULTS

CALGARY, AB, April 30, 2026 /CNW/ - 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.

Financial & Operating Results Summary

Three Months Ended December 31,

Twelve Months Ended December 31,

($'s, unless otherwise stated)

2025

2024

2025

2024

Production

Oil

bbl/d

411

151

245

106

Natural gas

mcf/d

650

732

712

631

NGLs

bbl/d

6

5

5

5

Total

boe/d

525

278

369

216

Revenue:

Crude Oil

2,281,117

1,159,167

6,092,479

3,234,218

Natural Gas

109,025

54,377

308,339

198,401

NGLs

26,815

29,137

107,170

126,409

Petroleum, natural gas and NGL sales

2,416,957

1,242,681

6,507,988

3,559,028

Processing income

3,567

3,267

14,271

11,203

Total Revenue(1)

2,420,524

1,245,948

6,522,259

3,570,231

Royalties

(376,785)

(158,081)

(928,770)

(415,546)

Operating expenses

(1,206,687)

(600,767)

(3,100,317)

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