Winchester Fifth Well at the New Mustang Demonstrates Excellent Oil & Gas Shows

Winchester Energy Limited (ASX: WEL) announces that the fifth well drilled by the company- White Hat 39 # 2 at the Permian Basin Mustang Oil Field commenced drilling on 11 December 2019.

  • The drill reached its total depth of 7,061 feet to target the Strawn Sand.
  • The initial wireline log analysis indicates 30 feet of gross pay in the Strawn San, coinciding with excellent oil and gas shows.
  • The well is 20 feet high to the White Hat 20#5 which averaged over 150 barrels oil per day.
  • The well is scheduled to be completed as an oil producer.

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