Wedgemount Resources Corp. announced commencement of a large scale production enhancement program, including both chemical reservoir stimulations and extensive improvements to surface facilities for its central Texas oil and gas assets. Reservoir stimulations will initially be conducted on fifteen of the Company's operating wells, with the goal of improving production rates and enhancing overall oil recoveries.

Wedgemount is optimistic that the chemical stimulation program will again materially enhance production as it has in prior treatments completed earlier this year. In addition to reservoir stimulations, Wedgemount will invest in optimization of existing surface facilities in order to speed up post-production treatment of oil to WTI sales quality. It's anticipated that the program will be completed prior to year-end 2023.