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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: 0.003 AUD

Market: ASX
Market Cap: $12.11 m

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