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Whitebark Energy sells Xanadu to focus on Canada

Whitebark Energy (ASX: WBE) has sold its Xanadu project in Western Australia to focus on Canadian opportunities.

The oil and gas explorer's managing director David Messina says Whitebark has identified exploration opportunities of over 100 million barrels of oil in new Canadian projects, and while selling Xanadu was a difficult decision, the potential of the Great White North is substantial.

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Price: 0.0085 AUD

ASX:WBE
Market: ASX
Market Cap: $20.72 m
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