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Whitebark Energy Ltd

Whitebark Energy set to commence fracture stimulation of Rex-2 well

Initial indications suggest some characteristics of the Rex-2 well are better than the successful Rex-1 discovery well.

Whitebark Energy Ltd - Whitebark Energy set to commence fracture stimulation of Rex-2 well
Fraccing will start as soon as the ground hardens enough for equipment to mobilise to site

Whitebark Energy Ltd (ASX WBE) is set to commence fracture stimulation of the Rex-2 well within its Wizard Lake Project in Canada.

However, unseasonal rainfall in the Wizard Lake area has temporarily delayed the commencement of the program.

The contractors are fully prepared for the work and will finalise equipment mobilisation and setup to commence the 35 stage frac program as soon as the conditions improve.

Whitebark’s well development plan has allowances for contingencies including weather, hence the costs due to the rain delay are expected to be minimal.

Initial indications are positive

Whitebark had an excellent result from Rex-1, and the improved reservoir quality and oil encountered during drilling of Rex-2 gives the company confidence in the frac program.

Initial indications suggest some characteristics of the Rex-2 well are better than the successful Rex-1 discovery well.

Whitebark managing director David Messina said: “While the heavy rain during summer has caused some unavoidable delay in Rex-2, we are prepared and ready for the fraccing as soon as the ground hardens enough for equipment to mobilise to site.”

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