Ann: Placement Raises $6.4 Million to Accelerate Oil Exploration, page-6

Upcoming plans

At the 100%-owned Lightning prospect, Winchester plans to spud its second well – McLeod 17#1 following from the Arledge 16#2 discovery well.

At McLeod, Winchester will target the same Cisco Sands as Arledge and anticipates it will increase production from the prospect area.

Over at the Mustang prospect works on the fourth well White Hat 20#4 are underway, with fracking of the well expected in early December and a further three wells lined up for drilling in the near-term.

Meanwhile, with more than 20 prospects in its inventory, Winchester plans to drill the Spitfire and El Dorado prospects as soon as it can.