Australia's Winchester Energy rises on oil sales from new wells

Winchester Energy

20/01/2023 03:31

** Shares of Winchester Energy Ltd  WEL.AX  rise as much as
10% to A$0.011 - set for best day since Jan 3, if gains hold 
    ** Oil and gas explorer and producer says all three of the
recently re-completed group prospect wells have been connected
to oil sales
    ** Says wells have consistently produced approximately 42
barrels of oil per day
    ** Says total oil and gas production for co is currently 235
barrels of oil equivalent per day, inclusive of group prospect
production 
    ** Co's shares hit their highest level since Jan 4
    ** Shares flat this year, as of last close 
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))