Wedgemount Resources Expands Permian Basin Holdings

Wedgemount Resources (TSE:WDGY) has released an update.

Wedgemount Resources Corp. has finalized its acquisition of the Huggy Assets in Texas’s Permian Basin, expanding its oil and gas portfolio with 111 producing wells and associated facilities. The company secured a 100% working interest in these assets, which have a current production of approximately 72 barrels of oil equivalent per day, for a reduced cash payment of US$840,000.

For further insights into TSE:WDGY stock, check out TipRanks’ Stock Analysis page.