Wedgemount Resources Corp announced on Wednesday that it has successfully resumed oil production following a temporary shutdown caused by extreme cold weather conditions in recent weeks. The US-focused junior oil and gas company had proactively halted production and processing operations to protect its wells and facilities from potential weather-related damage.

With temperatures now returning to normal seasonal levels, Wedgemount has restarted production and resumed oil sales. According to several media reports, the company took a precautionary approach to ensure the safety and longevity of its assets. The temporary shutdown allowed Wedgemount to mitigate risks associated with severe winter conditions, and with operations back on track, the company is shifting its focus toward production growth and optimization for the remainder of the year.

In addition to restarting production, Wedgemount reported that it has completed most of the surface facility and compliance work associated with its recent acquisition of the Huggy oil asset. The company plans to implement various operational enhancements, including chemical treatments and well workovers, to improve efficiency and maximize output. These strategic initiatives align with Wedgemount’s broader objectives to enhance production performance and strengthen its position in the oil and gas sector.

Separately, Wedgemount confirmed that the British Columbia Securities Commission (BCSC) has lifted a Management Cease Trade Order (MCTO) previously imposed on the company. This development follows Wedgemount’s successful filing of its annual financial statements for the fiscal year ended July 31, 2024. The company also submitted its interim financial statements for the three-month period ending October 31, 2024, along with the necessary management certifications and oil and gas filings.

The lifting of the MCTO marks a significant step forward for Wedgemount, enabling it to fully resume trading activities and maintain compliance with regulatory requirements. With its financial filings now up to date and production back online, the company is well-positioned to execute its growth strategy in the coming months.

Wedgemount’s ability to swiftly restore operations after the weather-related disruption underscores its commitment to operational efficiency and proactive asset management. The company remains focused on maximizing production potential while ensuring regulatory compliance and financial transparency. As it moves forward, Wedgemount aims to build on recent acquisitions and implement targeted production optimization measures to drive long-term growth.

With oil production resumed and key regulatory matters addressed, Wedgemount is entering the next phase of its operational strategy with a strong foundation. The company’s strategic efforts in production enhancement and asset optimization are expected to play a crucial role in its continued growth and success in the oil and gas industry.