WESTGATE ENERGY ANNOUNCES Q3 2025 FINANCIAL RESULTS

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CALGARY, AB, Nov. 28, 2025 /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 and nine months ended September 30, 2025. Selected financial and operating information should be read in conjunction with Westgate’s unaudited consolidated financial statements and related management’s discussion and analysis (“MD&A”) for the three and nine months ended September 30, 2025 and 2024, 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 September 30,

Nine Months Ended September 30,

($’s, unless otherwise stated)

2025

2024

2025

2024

Production

Oil

bbl/d

297

97

189

90

Natural gas

mcf/d

790

661

734

597

NGLs

bbl/d

5

7

5

5

Total

Boe/d

434

213

316

195

Revenue:

Crude Oil

1,888,070

746,176

3,811,362

2,075,051

Natural Gas

10,930

14,476

199,314

144,024

NGLs

27,368

33,750

80,355

97,272

Petroleum, natural gas and NGL sales

1,926,368

794,402

4,091,031

2,316,347

Processing income

3,458

3,783

10,704

7,936

Total Revenue(1)

1,929,826

798,185

4,101,735

2,324,283

Royalties

(269,510)

(98,551)

(551,985)

(257,465)

Operating expenses

(1,118,804)

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