Australia's Winchester Energy eyes best day in 7 months on oil production outlook

Winchester Energy

18/07/2022 03:55

** Shares of oil and gas explorer Winchester Energy Ltd
 WEL.AX  climb as much as 27.3% to A$0.014
    ** Stock to mark best session since Dec. 22, 2021, if gains
hold
    ** Co says https://www.asx.com.au/asxpdf/20220718/pdf/45by4lnblwr4rf.pdf
 contributions from newly acquired Varn Oil Field and Group
Prospect forecast to lift production by between 44% and 100% by
the end CY2022
    ** Stock hits its highest level since June 1
    ** Nearly 5.5 mln shares change hands, vs the 30-day average
of about 780,000 shares 
    ** As of last close, WEL stock down ~21.4% YTD

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))