logo-loader
viewWhitebark Energy Ltd

Whitebark Energy on track to complete facility upgrade by early December

The expanded facilities are required for the upcoming production boost from the third well coming online Rex-3.

Whitebark Energy Ltd - Whitebark Energy on track to complete facility upgrade by early December
Rex-3 is a horizontal well located on the same pad as Rex-1 and Rex-2

Whitebark Energy Ltd (ASX:WBE) commenced the expansion of surface facilities and construction of a gas pipeline on 6 November 2019 at its Wizard Lake Project in Canada.

The work remains on schedule with completion expected by early December in order to receive the production from Rex-3, in addition to the existing wells, Rex-1 and Rex-2.

Rex-3 is the third horizontal well to be drilled and is located on the same drill pad as Rex-1 and Rex-2.

The recently drilled Rex-3 well has encountered superior reservoir qualities to Rex­2, which is already a high-quality well.

Expanding facilities and building new pipeline

The expanded facilities will be capable of handling 5,000 barrels of fluid a day along with 5mmcfd of gas.

Oil will continue to be trucked to market while gas will be sent to a nearby processing plant via the gas pipeline currently under construction.

The aerial picture below shows the Wizard Lake facilities as well as the pathway for the pipeline being built.

Quick facts: Whitebark Energy Ltd

Price: 0.012 AUD

ASX:WBE
Market: ASX
Market Cap: $30.54 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Whitebark Energy Ltd named herein, including the promotion by the Company of Whitebark Energy Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

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