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Whitebark Energy targeting commercial oil production from Wizard Lake in Q2 this year

Whitebark Energy (ASX:WBE) managing director David Messina speaks to Proactive Investors about the confirmed commercial oil discovery at the Wizard Lake project in Canada, which the oil & gas explorer & producer holds a 30% stake in under the Point Loma Joint Venture (PLJV).

Messina also speaks more broadly about global markets and the favourable operating environment the company has experienced in Canada.

He says, "We'll be getting production on board in Q2. We'll also simultaneously be panning to drill new wells. We'll be getting Wizard lake into high commercial volumes very quickly, and we certainly look forward to our shareholders having a very strong 2019 with us as we embark on developing this exciting field."

Quick facts: Whitebark Energy Ltd

Price: 0.0035 AUD

ASX:WBE
Market: ASX
Market Cap: $14.12 m
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Whitebark Energy raising funds to support field development and production...

Whitebark Energy Ltd's (ASX:WBE) David Messina provides an update on the company's Wizard Lake Operations in Canada and the current partially underwritten entitlement issue to raise $A3 million announced last week. These funds will support Wizard Lake improvements and land...

on 6/7/20

2 min read