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Whitebark Energy commences drilling at Wizard Lake

Drilling will take less than two weeks with well testing planned for December.
Rig on location at Wizard Lake Rex
The Rex prospect has the potential for 12-14 follow up development wells

Whitebark Energy Ltd (ASX:WBE) has commenced drilling the Wizard Lake horizontal exploration well within the Point Loma Joint Venture (PLJV) in Alberta, Canada.

The Rex target at Wizard Lake is the first horizontal well to be drilled in a potentially multi-well program.

The well is targeting Cretaceous Rex sands at 1410 metres vertical depth.

The Wizard Lake Rex well will be drilled vertically to 1,150 metres from where hole-angle will be built to achieve a horizontal well 1,200 metres in length in the Rex sands.

READ: Whitebark Energy is one of the ASX’s newest oil and gas producers

Based on the experience and success of other Rex wells in the area, the Wizard Lake well will be fracture stimulated using 20- to 30 35-tonne stages.

This has been shown to optimise exposure to the target zone and production.

The Rex prospect has the potential for 12-14 follow up development wells.

Testing of the well is planned to commence during December.

Whitebark holds a 20% working interest in the well.

Production and exploration assets in Canada and Australia.

Whitebark has a portfolio of production and exploration oil and gas assets in Canada and Australia.

Whitebark holds between a 20% and 30% working interest in the licences which make up the PLJV in the province of Alberta.

Its parter in the PLJV is Point Loma Resources Ltd (CVE:PLX).

Plans for PLJV to increase production 

The PLJV is a well-established producer, with existing oil and gas processing facilities and pipelines into markets.

Whitebark’s aim for the PLJV is for a significant increase in production through acquisitions, the workover and tie-in of behind-pipe reserves and horizontal development drilling.

 

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