Moncan Energy Ltd. Overview
Logo:
Moncan Energy Ltd. Logo
Company Announcement
Date: Calgary, ALBERTA, Oct. 08, 2026
Source: GLOBE NEWSWIRE
Moncan Energy Ltd., a newly established Calgary-based exploration and production company, is initiating its strategy to acquire, enhance, and selectively develop smaller producing oil and natural gas assets across Alberta.
Key Focus Areas:
- Disciplined operations
- Production optimization
- Reactivation of inactive wells
- Recompletions and selective new drilling
Strategic Approach
Moncan will prioritize existing production and geological evidence while assessing new wells that align with technical evaluations, offset performance, and economic viability.
Company Leadership
Founded by Andrew Bayar, who has over 13 years of operational experience in drilling and wellsite environments. The company will leverage advisory expertise in petroleum engineering and geology to assess potential acquisitions and development opportunities.
Quote from Andrew Bayar:
“Our goal is to build Moncan one asset at a time. We’re looking for producing properties where existing cash flow provides a foundation, and where disciplined technical work, operational improvements, and selective drilling can create additional value.”
Current Activities
Moncan is actively reviewing producing opportunities in Alberta and forging relationships with technical advisers, capital providers, operators, and potential joint-venture partners.
About Moncan Energy Ltd.
Moncan Energy, based in Alberta, is focused on acquiring and enhancing oil assets across Western Canada.
Press Inquiries
Contact Person: Andrew Bayar
Email: andrew@moncanenergy.com
Website: moncanenergy.com
Address: 638 11 Ave SW #200, Calgary, AB T2R 0E2
