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Target Capital ( (TSE:WGT) ) has provided an update.
Westgate Energy Inc. reported a significant increase in production for Q3 2025, with a 104% rise compared to the same period in 2024, reaching an average of 434 boe/d. The company successfully drilled three new horizontal wells in the Beaverdam area, which are expected to be operational by mid-December. Additionally, Westgate extended its convertible debenture and received a $700,000 deposit return from a terminated acquisition, boosting its financial flexibility. These developments underscore Westgate’s strategic focus on enhancing production capabilities and operational efficiency in its target regions.
More about Target Capital
Westgate Energy Inc. is focused on the emerging Mannville Stack fairway located in North-East Alberta and West Central Saskatchewan, a region known for its medium and heavy oil accumulations. The company employs modern horizontal drilling and completion techniques to enhance well performance and capital efficiency, contributing to strong oil well economics in Western Canada.
Average Trading Volume: 129,059
Technical Sentiment Signal: Sell
Current Market Cap: C$15.57M
Learn more about WGT stock on TipRanks’ Stock Analysis page.