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Whitebark Energy Ltd

Whitebark Energy continues Wizard Lake Rex well flowback, gathers data on long-term production

The company holds a 30% stake in the Wizard Lake Rex well.

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

Whitebark Energy Ltd (ASX:WBE) has recovered a substantial amount of fluid and oil in ongoing flowback operations at its Wizard Lake Rex well in Canada.

The testing program will continue to establish a stabilised flow rate and to gather sufficient data to enable the design of suitable surface equipment to produce at the well on a long-term basis.

 

Whitebark managing director David Messina said: “The testing on our Wizard Lake Rex well is continuing successfully with the well now flowing uninterrupted for approximately seven days.

“We understand from adjacent fields that a 2-4 week clean-up period can be required to ensure we have collected the appropriate data before discontinuing testing.”

READ: Whitebark Energy begins flowback testing Wizard Lake Rex well, increases stake to 30%

Wizard Lake Rex was spud on November 24 last year and drilling finished on December 2, a total of nine days inclusive.

The well intersected a continuous reservoir section from the casing shoe with predominantly good quality reservoir together with fluorescence and cut oil shows and elevated gas readings.

Following a 27-stage fracture stimulation program, the well began clean-up flows on December 24.

READ: Whitebark Energy completes 27-stage frac in less than 36 hours at Wizard Lake Rex well

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

Recent activity in the area has resulted in highly-commercial wells which in one instance is producing 250-300 barrels of oil per day.

The target zone in the Point Loma joint venture tenements has similar porosity but is thicker than at the Leduc area.

READ: Whitebark Energy’s Wizard Lake Rex well flowback continues

Whitebark is based in Perth with production and exploration assets in Canada and Australia.

The company holds a number of licences varying between 20% and 30% interest in Alberta as part of the joint venture with Point Loma Resources Ltd (CVE:PLX).

The PLJV is an established producer with existing oil and gas processing facilities and pipelines into markets.

Whitebark also holds a 100% interest in the undeveloped Warro Gas Project 200 kilometres north of Perth.

Quick facts: Whitebark Energy Ltd

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