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An update from Winchester Energy Ltd ( (AU:WEL) ) is now available.
Winchester Energy Ltd reported a quarterly net revenue of AUD$566,950, with a steady production rate of 73 barrels of oil equivalent per day. Despite a slight decrease in revenue due to production outages and foreign exchange losses, the company successfully reduced staff and administrative costs, maintaining sustainable operations. The new board is actively pursuing new project opportunities to enhance shareholder value.
More about Winchester Energy Ltd
Winchester Energy Ltd operates in the oil and gas industry with a focus on exploration and production. The company seeks to deliver value to shareholders through disciplined capital allocation and cost reduction strategies.
Current Market Cap: A$2.73M
See more insights into WEL stock on TipRanks’ Stock Analysis page.
