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Whitebark Energy begins commercial oil production at Wizard Lake project in Canada

Whitebark Energy Ltd (ASX:WBE) managing director David Messina updates Proactive Investors on the company's Wizard Lake Project in Canada, where it has started first commercial oil production after constructing a pipeline and process facility.
 
Messina says that the first step was to bring the first well Rex-1 online, with plans to move very quickly onto Rex 2 and eventually Rex-3 in the coming months.
 
The company has been looking to boost its oil production and is pleased that the new oil pool will enable increased output with a ready market close by in Canada.

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ASX:WBE
Market: ASX
Market Cap: $14.22 m
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Whitebark Energy busy reviewing opportunities for the business

Whitebark Energy Ltd’s (ASX:WBE) David Messina speaks to Proactive's Andrew Scott soon after announcing they've increased their position at the Wizard Lake Oilfield following the renewal of a mineral lease. Messina says it's been a tough year for the business with the drop in oil price coupled...

on 29/10/20

2 min read