Winchester Energy Limited is an Australia-based oil and gas exploration and production company with operations in West Texas, USA. It controls over 2,600 acres in the Permian Basin, producing predominantly from the Strawn Formation but also from the Ellenburger and Cisco Formations. It operates 26 wells and has interests in another 10 non-operating wells. Its projects include Nolan County and Jocelyn - Varn. The East Permian Basin contains a number of stacked oil and gas reservoirs and its leased acreage in Nolan County has significant oil resource potential across a host of historically productive formations, such as the Fry/Strawn Sands as well as the thick Penn Carbonate, Wolfcamp 'D' organic shales, Crystal Falls (Canyon), and Cisco formations. The Company has a 70% working interest in the Jocelyn - Varn waterflood project in Taylor County, Texas. The project is located 18 miles to the east of its Nolan County acreage.