Winchester Energy Ltd (ASX: WEL) announced that it has successfully recovered oil from its first workover well at its newly purchased Group Prospect. The work over rig will now move to the second well to commence re-completion activities as part of the extensive work program planned for the next three months. Winchester Energy recovered the oil within the three weeks of farm-in commencement.
Along with the company’s other recent purchases, the Varn Oil Field, the Group Prospect, will contribute to a significant increase in oil production by the end of CY 2022.
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