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Winchester Energy Ltd
(Sydney:WEL)
Winchester Energy Ltd (WEL) vs. iShares MSCI Australia ETF (EWA)
Winchester Energy Ltd Business Overview & Revenue Model
Winchester Energy Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.12M | 1.85M | 3.12M | 5.65M | 4.15M | 2.22M |
| Gross Profit | 2.12M | 1.85M | 2.12M | 2.60M | 850.47K | -753.55K |
| EBITDA | -1.92M | -573.08K | -1.92M | 739.18K | -129.29K | -2.09M |
| Net Income | -2.56M | -1.33M | -2.56M | -574.62K | -1.45M | -3.44M |
Balance Sheet | ||||||
| Total Assets | 8.02M | 7.11M | 8.02M | 10.19M | 10.34M | 8.14M |
| Cash, Cash Equivalents and Short-Term Investments | 219.21K | 519.95K | 219.21K | 738.99K | 2.56M | 1.61M |
| Total Debt | 77.00K | 117.04K | 77.00K | 76.84K | 113.65K | 64.39K |
| Total Liabilities | 1.41M | 1.27M | 1.41M | 1.10M | 802.33K | 694.22K |
| Stockholders Equity | 6.62M | 5.84M | 6.62M | 9.09M | 9.54M | 7.45M |
Cash Flow | ||||||
| Free Cash Flow | -489.53K | -227.22K | -489.53K | -6.30M | -2.25M | -3.70M |
| Operating Cash Flow | 366.70K | 41.79K | 366.70K | 3.04M | 1.02M | -280.98K |
| Investing Cash Flow | -846.27K | -608.86K | -846.27K | -4.71M | -3.23M | -3.42M |
| Financing Cash Flow | -41.00K | 560.60K | -41.00K | -37.71K | 3.19M | -116.62K |
Winchester Energy Ltd Peers Comparison
Winchester Energy Ltd Corporate Events
Winchester Energy Limited has successfully completed drilling the JVU-5 production well at its Varn waterflood project in Texas, reaching a depth of 4,877 feet. The well, which showed promising oil and gas indicators, is set to proceed to completion and production, marking a significant step in the company’s development plans. The Varn project involves a total of 10 wells, with infrastructure already in place to expedite production. This advancement supports Winchester’s strategic goals and enhances its operational capabilities in the region.
Winchester Energy Limited has commenced drilling the JVU-5 production well in the Varn waterflood project in Taylor County, Texas. This development is part of a joint venture where Winchester holds a 70% working interest. The project aims to enhance oil recovery through a planned operation of 10 wells, including both producers and injectors, leveraging existing infrastructure to expedite production. This initiative underscores Winchester’s strategic commitment to maximizing value from its US operations, with the Varn Oil Field containing significant proven and probable reserves.
Winchester Energy Limited has entered into a farm-out agreement with a private US investor group, granting them a 30% interest in the Varn waterflood project. This agreement will provide Winchester with upfront consideration and additional funding for the development of the project, which has significant oil and gas reserves. The project is expected to enhance production and support Winchester’s US operations, while the company continues to explore new opportunities.
Winchester Energy Limited has released its half-year report for the period ending June 30, 2025. The report includes updates on the company’s financial performance, operational highlights, and strategic initiatives. The announcement is likely to impact the company’s stakeholders by providing insights into its current market positioning and future growth prospects.
Winchester Energy Ltd announced the cancellation of a previous statement regarding a proposed issue of securities. The company has withdrawn from negotiations with Jaguar Exploration Inc., which was initially announced on June 16, 2025. This decision may impact the company’s strategic direction and stakeholder expectations regarding future partnerships and expansion plans.
Winchester Energy Ltd has announced the cessation of Rory McGoldrick as a director, effective August 20, 2025. This change in the board of directors may impact the company’s strategic direction and stakeholder relationships, given McGoldrick’s involvement in significant shareholdings through entities like Petra Cotes Pty Ltd.
Winchester Energy Ltd has announced the appointment of Mr. Chris Zielinski as a director effective from August 20, 2025. The initial director’s interest notice reveals that Mr. Zielinski currently holds no securities or relevant interests in the company, indicating a neutral impact on the company’s current operations and market positioning.
Winchester Energy Ltd has announced the cessation of 40 million performance rights, divided equally between Class A and Class B, due to unmet conditions. This cessation may impact the company’s capital structure and could signal challenges in meeting performance targets, which might affect investor confidence and market perception.
Winchester Energy Limited has announced the appointment of Mr. Jason Peterson as a director, effective July 30, 2025. Mr. Peterson holds a significant interest in the company through 68,774,632 fully paid ordinary shares via Sunset Capital Management Pty Ltd, indicating his substantial involvement and potential influence in the company’s strategic direction.
Winchester Energy Limited has announced the appointment of Mr. David Wheeler as a director, effective from July 30, 2025. The initial director’s interest notice indicates that Mr. Wheeler currently holds no relevant interests in securities or contracts related to the company, suggesting a neutral impact on the company’s operations and industry positioning.
Winchester Energy Ltd reported a quarterly net revenue of AUD$464,199 (US$304,050) from its working interest in oil and gas production, with an average daily production of 73 barrels of oil equivalent per day. The company successfully resolved legal proceedings with Westex Resources, Inc. and withdrew from Peruvian TEA applications. Despite a decrease in the average sale price per barrel, which negatively impacted revenue, Winchester maintained steady production levels compared to the previous quarter.
Winchester Energy Limited, a company listed on the Australian Securities Exchange, has announced that the suspension of its trading securities will be lifted. This follows the company’s confirmation that it now complies with the necessary director requirements as stipulated by the Corporations Act 2001. This reinstatement is expected to positively impact Winchester Energy’s market activities and reassure stakeholders of its regulatory compliance.
Winchester Energy Limited, an Australian company listed on the ASX, announced the appointment of Jason Peterson and David Wheeler as non-executive directors. These appointments bring extensive experience in stockbroking, corporate advisory, and executive management to the company. The addition of these directors ensures compliance with the Corporations Act 2001, requiring at least three directors for a public company. The company is also addressing previous notices under section 249D of the Corporations Act to ensure full compliance with its obligations.
Winchester Energy Ltd announced the cessation of 37,500,000 options that expired on July 26, 2025, without being exercised or converted. This development may have implications for the company’s capital structure and could affect stakeholder perceptions regarding the company’s financial strategy and future growth opportunities.
Winchester Energy Limited announced that the resignation of Mr. McGoldrick as a director was deemed ineffective due to legal stipulations requiring at least one director to remain. Consequently, Mr. McGoldrick continues as the sole director and will work with the ASX and legal advisors to ensure compliance with relevant regulations.