Winchester Energy Limited

Winchester Energy Limited (ASX: WEL) is an Australian Securities Exchange (ASX) listed oil and gas explorer and producer with over 19,000 net acres in the highly productive Eastern Shelf of the Permian Basin in Texas, USA. The acreage offers a host of targets ('stacked pay') with prospective Cline and Barnett Shale unconventional oil opportunities at shallow depth together with appreciable conventional oil and gas production from the Ellenburger Formation and Strawn Formation at slightly greater depths.

Winchester management have a proven track record in realising value from unconventional and conventional oil and gas developments with the Company already controlling a large acreage position with low holding costs and flexible drilling commitments together with a strong production profile in the prolific Permian Basin.