Wedgemount Resources Corp. (TSE:WDGY) has released an update.
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Wedgemount Resources Corp. has recently reported a substantial increase in production at its Texas oil and gas operations, reaching a new peak of 258 barrels of oil equivalent per day (boepd) after executing a series of capital expenditure programs. Optimized wells have shown a sevenfold organic production growth since their acquisition nearly a year ago, with expectations for further improvements as additional wells are brought online and similar treatments are applied. The company is focused on enhancing shareholder value through strategic development of its southern USA resource projects.
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