Wescorp Energy Inc.
OTC Bulletin Board : WSCE

Wescorp Energy Inc.

November 15, 2005 09:20 ET

Wescorp Releases Third Quarter Results And Will Host Two Conference Calls

EDMONTON, ALBERTA--(CCNMatthews - Nov. 15, 2005) - Wescorp Energy Inc. (OTCBB:WSCE) is pleased to announce the release of its financial and operational results for the third quarter ending September 30, 2005.

Highlights include:

- $638,536 in three-month revenue for the period representing a 10.2% increase over third quarter revenue in 2004 and a 48.0% increase over the second quarter of 2005

- $1,690,558 in nine-month revenue representing a 116% increase over same period last year

- Increasing margins of 37.5% for the three-month period vs. 29.7% for the same period 2004 and nine-month margins of 45.7% vs. 34.9% in 2004

- 7.6% decrease in cash used for operations over the nine-month period compared to the same period in 2004

- 148.8% increase in investing activity over the nine-month period compared to the same period in 2004

- 71% increase in current assets year-to-date

Significant announcements for the three-month period include:

- Certification of Flowstar DCR technology for sale within the jurisdiction of the Kansas Oil & Gas Conservation Commission

- Scheduling of tests to demonstrate the Ellycrack heavy oil upgrading process and technology for several major energy producers

The entire report can be viewed in filings that can be accessed via the Wescorp website at www.wescorpenergy.com or from the US Securities and Exchange Commission website by entering the following link: www.sec.gov/Archives/edgar/data/1069489/000106299305002719/form10qsb.htm

Management will host an open conference call to discuss its third quarter results focusing primarily on Flowstar operations and the Company's general outlook for the fourth quarter of 2005. Details on how to participate in the conference call will be announced later this week.

Management will also host a second conference in early December to discuss the Company's investment and efforts to develop the Ellycrack heavy oil upgrading technology, focusing primarily on:

- Upgrading results realized from the most recent series of demonstration tests being undertaken in Norway for various major energy producers

- Status of the pilot plant being fabricated as part of its joint venture with Ellycrack A/S

- Commercialization plans subsequent to successfully field testing of the Ellycrack process and pilot plant

The scope and duration of its most recent Ellycrack heavy oil upgrader demonstration test schedule has recently been expanded and will now run into the first week in December in order to accommodate:

- The schedules of senior corporate and government officials attending tests on behalf of two (2) major energy producers

- New requests from other major energy producers to perform a extensive technical reviews of the proprietary process requiring disassembly and assembly of the test unit prior to an operating demonstration of the process

This amended schedule is due primarily to having realized significantly higher API upgrading during tests conducted for major heavy oil producers in September. Improvements made to optimize the process increased the upper limit of upgrading to well above the original 23 degrees API threshold published by Wescorp and Ellycrack A/S. As with previous tests, output from the test unit remained stable and did not repolymerize as processed oil cooled to 15 degrees Celsius as required by the American Petroleum Institute (API) to measure specific gravity.

Details of how to participate in this second conference to discuss Ellycrack-related developments will also be announced at a later date.

About Wescorp

Wescorp Energy Inc. is an active-management venture capital firm specializing in the acquisition of strategic pre-commercial energy infrastructure technologies, and then taking them through the development and marketing stages of commercialization. Headquartered in Edmonton, Alberta, Canada, Wescorp has the industry relationships, management expertise and financial resources needed to introduce innovative profitable solutions to the global energy production and services markets.

Wescorp shares trade on the OTCBB under the symbol "WSCE."

Safe Harbor Statement

Any statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and involve risks and uncertainties. Potential factors could cause actual results to differ materially from those expressed or implied by such statements. Information on the potential factors that could affect the Company's actual results of operations are included in its filings with the Securities and Exchange Commission. These risks may be further discussed in periodic reports and registration statements to be filed by the Company from time to time with the Securities and Exchange Commission in the future.

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