Winchester Energy Records All-Time High Production

  • Nov 04, 2019 AEDT
  • Team Kalkine

Winchester Energy Limited (ASX: WEL) has announced that it has recorded an all-time high oil production from its producing properties within its 17,266 acre lease position in the East Permian Basin, Texas.

  • During October 2019, Winchester recorded its highest production level to date, with new wells contributing to an average rate of 506 gross bopd (barrels of oil per day) for the week ending 23 October – providing a significant boost to revenue;
  • Arledge 16#2 is on pump, producing from the lower-most 41 feet of the Lower Cisco Sands – with early production averaging 131 bopd.

At AEST 12:43PM, the stock was trading at $0.058 per share, up by 3.571% from its previous close.

 

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