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The latest update is out from Winchester Energy Ltd ( (AU:WEL) ).
Winchester Energy Ltd reported a quarterly net revenue of AUD$458,610, with production averaging 69 barrels of oil equivalent per day, slightly down from the previous quarter. The company completed a farm-out agreement for a 30% interest in the Varn waterflood project with a private US investor group, which includes upfront consideration and a ‘third-for-a-quarter’ promote on planned wells, potentially enhancing future production capabilities.
More about Winchester Energy Ltd
Winchester Energy Ltd operates in the oil and gas industry, focusing on the exploration and production of oil and gas resources. The company is involved in various projects, including the Varn waterflood project, and has operations in the United States.
Current Market Cap: A$2.73M
Find detailed analytics on WEL stock on TipRanks’ Stock Analysis page.