WESCORP ENERGY INC Files SEC form 8-K, Regulation FD Disclosure

Show all filings for WESCORP ENERGY INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for WESCORP ENERGY INC 17-Nov-2009Regulation FD Disclosure Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended fo...
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Wescorp Energy and Cancen Oil Canada commence construction on remediation units for first facility

CALGARY, Nov. 11 /CNW Telbec/ - Wescorp Energy Inc. (OTCBB: WSCE - News) is pleased to announce that, further to the joint venture partnership with Cancen Oil Canada Corporation, construction of the first two Wescorp remediation units has commenced. Wescorp and Cancen engineers and field personal have completed remediation facility assessments and detailed engineering drawings. Both management teams have agreed the remediation units will be deployed to Cancen's existing waste processing facility in New Sarepta Alberta, Canada. The remediation units are scheduled to be installed and operational in the first quarter 2010."Wescorp is pleased that construction of the units has commenced," commented Doug Biles, President and CEO of Wescorp Energy. "We are confident that the successful operation of the units will solidify other opportunities for the Wescorp Cancen joint venture."Wescorp and Cancen have also agreed to install Cancen's environmental personnel in Wescorp's office in Calgary, Alberta to further facilitate the rapid growth of the joint venture.About WescorpWescorp Energy Inc. (www.wescorpenergy.com) is an oil and gas operations solutions company focused on commercializing technologies that overcome tough operational challenges facing oil and gas operators today.Wescorp shares currentl...
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WESCORP ENERGY INC Files SEC form 8-K, Regulation FD Disclosure, Other Events, Financial Statements and Exhibits

Show all filings for WESCORP ENERGY INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for WESCORP ENERGY INC 9-Oct-2009Regulation FD Disclosure, Other Events, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provide...
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Wescorp Energy and Ellycrack AS restructure their joint agreement for the development and commercialization of the VISCOSITOR heavy oil upgrading technology

HOUSTON, TX and CALGARY, AB, Oct. 5 /CNW Telbec/ - Wescorp Energy Inc. (OTCBB: WSCE - News), an oil and gas technology solutions provider, and Ellycrack AS, a private heavy oil technology company based in Norway, are pleased to announce that they have restructured the terms of their joint agreement to develop and commercialize the patented on-site heavy oil upgrading technology. The new agreement benefits both companies by aiding Ellycrack to secure the required funding, which, when obtained, will rapidly advance extensive testing, development and refinement of a commercialized facility. The Ellycrack technology, called the VISCOSITOR, uses a low temperature and low pressure thermo-mechanical process to increase the viscosity of heavy oil, thus increasing its value per barrel by US$25 to $30 in a single operation at a cost of approximately US$5 per barrel. The VISCOSITOR technology offers substantial economic and environmental benefits to clients engaged in the production of heavy oil, including the reduction of carbon dioxide emissions by up to 60%. Under the terms of the new agreement, Ellycrack will have full legal ownership of the VISCOSITOR technology, including its designs, work projects and the 50 barrel-per-day VISCOSITOR test unit that is currently located in western Canada.In return, Ellycrack AS will deliver 725,000 shares of Ellycrack to Wescorp for nominal consideration and Ellycrack will credit Wescorp as having satisfied its obligation to Ellycrack of approximately $160,000. Wescorp will become the larges...
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WESCORP ENERGY INC Files SEC form 8-K, Unregistered Sale of Equity Securities, Regulation FD Disclosure, Other Events

Show all filings for WESCORP ENERGY INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for WESCORP ENERGY INC 21-Sep-2009Unregistered Sale of Equity Securities, Regulation FD Disclosure, Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informa...
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Wescorp Energy Converts $4,416,825 in Current Demand Debt into Equity and Long-Term Debt

HOUSTON, TX and CALGARY, Sept. 16 /CNW Telbec/ - Wescorp Energy Inc. (OTCBB: WSCE - News), an oil and gas technology solutions provider, is pleased to announce that it has successfully negotiated four separate debt conversion transactions totaling $4.4 million dollars. Wescorp's three major creditors, including Doug Biles, President and CEO, have agreed to restructure the debts owed to them by the Company. These conversions will allow Wescorp to become more focused on its Water and Solids Remediation Units, which operate in the multi-billion dollar environmental remediation industry. The first three transactions convert an aggregate of $1,654,565 in current demand notes into long-term unsecured debt of the same amount. Under the new agreement, no interest or principal payments will be made for two years, until the notes mature, allowing Wescorp to focus on remediation operations and additional revenue generation opportunities.The fourth transaction will result in $2.25 million in debt converted into 4.5 million common shares of Wescorp at an exchange rate of $0.50 per share. These shares will be subject to resale restrictions for a minimum of one year. In addition, the debt holder has agreed to waive approximately $512,260 in interest payable on this note in exchange for 2.25 million restricted warrants of Wescorp. These warrants will have an exercise price of $1.00 per share and will be valid for a 3-year period."Wescorp's management team believes these two events are significant in the Company's progression tow...
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WESCORP ENERGY INC Financials

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Wescorp Energy / Cancen Oil Canada Joint Venture Receives $1,000,000 Commitment for the Construction of 3 Remediation Units

HOUSTON, TX and CALGARY, Sept. 3 /CNW Telbec/ - Wescorp Energy Inc. (OTCBB: WSCE - News), an oil and gas technology solutions provider, is pleased to announce that in accordance with the joint venture partnership announced on July 29,2009 with Cancen Oil Canada Corporation, an oilfield waste management and processing company, Cancen has committed $1,000,000 for the immediate construction of 3 Wescorp remediation units. Wescorp and Cancen engineers have completed their first Cancen facilities assessment to best determine the most effective and efficient size and volume capacity of the units required. Based on site assessment, both management teams have agreed that these first 3 units will consist of two H20Maxx water units and one HCXT solids remediation unit, which will all be deployed to Cancen's existing waste processing facilities in western Canada."Wescorp is pleased that the first milestone in our joint venture partnership with Cancen has been achieved with the delivery of the required financing," commented Doug Biles, President and CEO of Wescorp Energy."The assessment work of our waste management facilities is going very well," stated Keith Talbot, President of Cancen Oil Canada Corporation. "By integrating Wescorp's remediation technologies into our existing business, we believe we will become a leader in the oil/water/solids disposal industry in western Canada. We are driven to have the first 3 remediation units in full operation as soon as possible. We will then continue building an additional 9 units o...
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WESCORP ENERGY INC Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATION. The following discussion and analysis should be read in conjunction with the consolidated financial statements and related notes included elsewhere in this Report on Form 10-Q. This discussion contains forward-looking statements reflecting our current expectations and estimates and assumptions concerning events and financial trends that may affect our future operating results or financial position. Actual results and the timing of events may differ materially from those contained in these forward-looking statements due to a number of factors, including those discussed in the "Cautionary Note Regarding Forward-Looking Statements" set forth above. Wescorp Energy Inc. is referred to herein as "we", "us", "our", "Wescorp", "the Company" or "our Company". Overview We are an oil and gas operations solution and engineering company committed to acquiring, developing and commercializing technologies that are designed to improve the management, environmental and economic performance of field operations for oil and gas producers and to provide solutions to help them overcome the tough operational challenges they face. To this end, our primary business strategy is to acquire, fund and develop new systems and technologies in our field through investments in companies or products for which early stage product development has been completed, and to provide consulting services with respect to these systems and technologies. We prefer investments for which we can control the intellectual property of technologies that have emerged from research and initial development and are essentially market-ready. We also acquire companies with one or more technology products being developed that can benefit from the financial, technical and business development experience of our management to bring those products to market in a me...
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