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Winchester Energy Limited (ASX:WEL)

ALERT: Price-sensitive ASX Announcement for WEL
Current share price for WEL : $0.002 0 (0%)+
Announcement
Release
30 Jul 2026 3:11PM
Price at Release
$0.002
Full Release
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Summary
Winchester Energy Limited's Quarterly Activities Report for the period ending 30 June 2026 highlights an increase in oil production and revenue compared to the previous quarter. The company reported quarterly net revenue of A$581,780 (US$399,683) and an average daily production of 65 barrels of oil equivalent per day (boepd). The commencement of water injection at the Varn waterflood project is expected to enhance oil recovery. The company also completed a workover on the 2106 well in Nolan County, which impacted production in May. Cash flow activities indicate a net cash inflow from operating activities but a net decrease in cash due to investing activities. Winchester maintains a focus on cost reduction and is seeking new project opportunities while holding a significant lease acreage in Texas.
Key Points
  • Quarterly net revenue was A$581,780 (US$399,683) after royalties.
  • Average daily production increased to 65 boepd.
  • Water injection commenced at the Varn waterflood project.
  • The 2106 well workover impacted May production.
  • Net cash inflow from operating activities was reported.
  • Significant Texas lease holdings are maintained.
  • Focus on cost reduction and new project opportunities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.