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Target Capital ( (TSE:WGT) ) has shared an update.
Westgate Energy Inc. reported a 31% increase in average production volume for Q2 2025 compared to the previous year, alongside financial results showing increased revenue from oil and gas sales. The company successfully completed a three-well drilling program in the Cold Lake area, and all wells are producing oil as expected. Westgate also closed a public offering and secured a senior loan to support its operations. The company plans to commence a follow-up drilling program in Q4 2025, aiming to continue its growth trajectory through strategic drilling and acquisition opportunities.
More about Target Capital
Westgate Energy Inc. operates in the energy sector, focusing on the production of oil and natural gas. The company is engaged in innovative drilling techniques to optimize horizontal drilling in shallow heavy oil reservoirs, primarily in the Mannville Stack fairway located in East-Central Alberta and West Central Saskatchewan.
Average Trading Volume: 61,282
Technical Sentiment Signal: Sell
Current Market Cap: C$9.22M
For an in-depth examination of WGT stock, go to TipRanks’ Overview page.