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Target Capital ( (TSE:WGT) ) just unveiled an update.
Westgate Energy Inc. has successfully completed its three-well drilling program in the Beaverdam area of Alberta, with all wells encountering their target zones and showing promising oil indications. The company is set to bring these wells into production by mid-August, marking a significant operational milestone. Additionally, Westgate’s shares have begun trading on the OTCQB Market, and the company has gained DTC Eligibility, enhancing its visibility and liquidity among U.S. investors. These developments are part of Westgate’s strategy to increase its market presence and attract a broader investor base.
More about Target Capital
Westgate Energy Inc. is an emerging energy company focused on the Mannville Stack fairway in North-East Alberta and West Central Saskatchewan. The company specializes in unlocking medium and heavy oil accumulations through innovative horizontal drilling techniques, which have proven to yield strong oil well economics in Western Canada. Westgate’s management team has a track record of building successful energy companies by targeting high-quality oil assets and driving growth through strategic drilling and mergers and acquisitions.
Average Trading Volume: 54,730
Technical Sentiment Signal: Sell
Current Market Cap: C$7.78M
For an in-depth examination of WGT stock, go to TipRanks’ Overview page.