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Winchester Secures 30% Farm-Out in Varn Waterflood Project
8:28am on Tuesday 16th of September, 2025 AEST
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Energy
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Winchester Secures 30% Farm-Out in Varn Waterflood Project
8:28am on Tuesday 16th of September, 2025 AEST
Key Points
30% interest in Varn waterflood farmed out to private US investors
Upfront payment of US$112,000 plus funding commitment of US$2.4 million
Winchester retains 70% operator role and ‘third-for-a-quarter’ promote
Varn project holds 2P reserves exceeding 1 million barrels of oil equivalent
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