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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
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Full interview: Whitebark Energy completes $3.8 million capital raising to...

Whitebark Energy Limited (ASX: WBE) managing director David Messina updates Proactive on the completion of a $3.8 million capital raising to fast-track the Wizard Lake project development in Canada. The new funds will mainly be used to accelerate the upgrade of infrastructure to handle the...

on 26/9/19

2 min read