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Winchester Energy Ltd ( (AU:WEL) ) just unveiled an update.
Winchester Energy reported quarterly net working interest revenue of AUD$458,610 and average production of 73 barrels of oil equivalent per day, slightly higher than the previous quarter, reflecting stable and modestly improving output from its U.S. onshore operations. The company drilled, completed and brought online the JVU-5 production well at the Varn waterflood project, which has been producing about 14 barrels of oil and 48 barrels of water per day, advanced planning for a 10-well producer–injector configuration at Varn with the next injection well scheduled for drilling in the first quarter of 2026, and restored expected output at its Nolan County 3902 well after an unscheduled work-over, collectively indicating incremental operational progress and continued investment in enhancing long-term field recovery.
The most recent analyst rating on (AU:WEL) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Winchester Energy Ltd stock, see the AU:WEL Stock Forecast page.
More about Winchester Energy Ltd
Winchester Energy Limited is an Australian-listed oil and gas company (ASX: WEL) focused on exploration and production projects in the United States, with current operations centered on conventional oil fields in Texas, including the Varn waterflood project in Taylor County and projects in Nolan County.
Current Market Cap: A$3.14M
Learn more about WEL stock on TipRanks’ Stock Analysis page.