Winchester Energy Ltd (AU:WEL) has released an update.
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Winchester Energy Ltd reported a quarterly revenue of AUD$695,586, averaging 90 barrels of oil equivalent per day net to their working interest, with production mainly comprising oil at 98%. The company has completed workovers on wells to boost production and is currently in talks with potential partners for the Jocelyn Varn Oil Project. Despite a robust operational performance, the average sale price per barrel dropped to US$73.52, marking a decrease from the previous quarter.
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