Winchester Energy Pursues Offshore Exploration in Peru with Jaguar Exploration

An update from Winchester Energy Ltd ( (AU:WEL) ) is now available.

Winchester Energy Limited has signed a non-binding term sheet with Jaguar Exploration, Inc. to jointly apply for offshore petroleum exploration rights in Peru’s Lima and Pisco Basins. If successful, Winchester will operate and hold an 80% interest in the Technical Evaluation Agreements (TEAs), with Jaguar holding the remaining 20%. The agreements will allow both companies to conduct geological and geophysical studies over a two-year period to assess the blocks’ potential. This move could enhance Winchester’s position in the offshore exploration market and potentially attract third-party investment for drilling activities.

More about Winchester Energy Ltd

Winchester Energy Limited is an Australian company involved in the oil and gas industry, focusing on exploration and development activities. The company is listed on the Australian Securities Exchange (ASX: WEL) and is actively pursuing opportunities in offshore petroleum exploration.

Current Market Cap: A$2.73M

For an in-depth examination of WEL stock, go to TipRanks’ Stock Analysis page.