Target Capital ( (TSE:WGT) ) has issued an update.
Westgate Energy Inc. has secured a US$25 million senior secured loan from Cibolo Energy Partners, enabling the company to fund drilling activities on its existing and potentially acquired lands in Eastern Alberta. This strategic financial move is expected to facilitate Westgate’s development plans, including a three-well drilling program in the Mannville Stack Fairway, enhancing its operational capabilities and market positioning.
More about Target Capital
Westgate Energy Inc. operates in the oil and gas industry, focusing on exploration and development of energy resources. The company is engaged in drilling activities, particularly targeting the Mannville Stack formations in Eastern Alberta, Canada. Westgate aims to expand its operations through strategic acquisitions and development of its existing lands.
YTD Price Performance: -36.36%
Average Trading Volume: 74,927
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$6.58M
For an in-depth examination of WGT stock, go to TipRanks’ Stock Analysis page.