- Business
- Waskahigan Oil & Gas Corp Waskahigan Oil & Gas Corp (WOGC.CN) is a junior oil and gas exploration company focused on the exploration, development, and production of petroleum and natural gas properties in Western Canada. The company generates revenue primarily from these activities, with core assets including oil and gas properties in Alberta evaluated at $6,618,000 before tax (effective January 1, 2024) and a 22% non-operating interest in a disposal well in Fort Nelson, British Columbia. It operates through its wholly owned subsidiary Fox Creek Energy Ltd. (FCE), which in turn owns 100% of Odaat Oil Corp., the entity holding the primary Alberta oil and gas assets.
The company's offerings encompass petroleum and natural gas exploration drilling, property development, and production operations targeted at resource extraction in key Western Canadian basins; no branded products are specified beyond standard upstream oil and gas commodities. Headquartered in Calgary, Alberta, at 203, 221 10th Avenue SE, Waskahigan conducts its activities as a reporting issuer in Alberta, British Columbia, and Ontario, with common shares listed on the Canadian Securities Exchange under the symbol WOGC.
In recent major changes, Waskahigan executed a share consolidation on June 27, 2025, reducing shares from pre-consolidation levels to 3,423,026 post-consolidation through a 4-old-for-1-new ratio, alongside a dividend of 123,809 post-consolidated shares to select shareholders. On June 30, 2025, the company completed a court-approved Plan of Arrangement (originally dated January 1, 2023, with multiple amendments through June 6, 2025), distributing 3,423,026 FCE common shares as a 1:1 dividend to WOGC shareholders, resulting in FCE ceasing to be a subsidiary while becoming a reporting issuer in Alberta and British Columbia with non-trading shares. Earlier in 2025, Waskahigan entered an extension agreement with Terra Metals Group to advance an ongoing share purchase transaction, and shareholders approved key resolutions at a special meeting on June 4, 2025.