Wedgemount Resources (TSE:WDGY) has released an update.
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Wedgemount Resources Corp. announces the strategic acquisition of significant oil and gas assets in the Permian Basin, Texas, aiming to bolster its production capabilities. With the acquisition, the company expects to escalate production from 72 barrels of oil equivalent per day (boe/d) to 1600 boe/d over two years, while also undertaking immediate operations to enhance the value of the newly acquired assets.
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