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May 29, 2026 8:00 PM

WESTGATE ENERGY ANNOUNCES Q1 2026 FINANCIAL RESULTS

CALGARY, AB, May 29, 2026 /CNW/ - 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, 2026. The selected financial and operating information provided below 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, 2026 and 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 March 31,

($'s, unless otherwise stated)

2026

2025

Production

Oil

bbl/d

553

137

Natural gas

mcf/d

488

702

NGLs

bbl/d

6

5

Total

Boe/d

640

259

Revenue:

Crude Oil

3,739,409

1,041,085

Natural Gas

75,106

109,505

NGLs

35,995

27,847

Petroleum, natural gas and NGL sales

3,850,510

1,178,437

Processing income

2,506

3,383

Total Revenue(1)

3,853,016

1,181,820

Royalties

(514,131)

(154,972)

Operating expenses

(1,563,343)

(482,392)

Transportation expenses

(245,399)

(24,631)

Operating Income (1)

1,530,143

519,825

Expenditures on E&E

-

-

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