Target Capital (TSE:WGT) has released an update.
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Westgate Energy Inc. has reported a productive second quarter in 2024, with a significant increase in daily production and an improved operating netback, thanks to lower operating expenses and higher realized oil prices. Additionally, the company successfully completed a go-public transaction, raising over $7.0 million through equity financing to fully fund its 2024 drilling budget and maintain a debt-free balance sheet.
For further insights into TSE:WGT stock, check out TipRanks’ Stock Analysis page.
