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Whitebark Energy begins production from all wells at Wizard Lake Oil Field

The new facilities and pipelines have been completed and commissioned. Oil and gas have commenced flowing through the new facilities from Rex- 1 and 2 wells.

Whitebark Energy Ltd - Whitebark Energy begins production from all wells at Wizard Lake Oil Field
New surface facilities and storage at Wizard Lake

Whitebark Energy Ltd (ASX:WBE) has completed the expansion of processing facilities as part of its Wizard Lake Oilfield development in Canada.

The upgrade in the capacity of processing facilities was precipitated by the excellent production results from Rex-2 which yielded oil and gas at much higher rates than expected during production testing.

These results have now been superseded by Rex-3, which averaged 1,278 boepd (barrels of oil equivalent per day) including 1,084 bopd of oil in the final six hours of a continuous 18-hour period.

Facility connections

The expanded facilities will be capable of handling 5,000 barrels of fluid a day along with 5 mmcfd (million cubic feet per day) of gas.

Oil will continue to be trucked to market while gas will be sent through the recently completed gas pipeline to the nearby Petrus operated gas processing facility and then on to market.

Monetising successful wells

Whitebark managing director David Messina said: “Under trying conditions the team have managed to complete the facility and pipeline work on schedule and we are now able to monetise the extremely successful wells we have drilled at our Wizard Lake oilfield.

“Our objective was to have all wells producing by the end of 2019 and we have now achieved that which is a very rewarding finish to a busy year.”

Well cleanup to continue

Plant commissioning was carried out using Rex-2 production with Rex-1 added over the weekend.

Rex-3 is continuing to cleanup through a satellite facility at the well location and will be switched to the main facilities as soon as cleanup operations have been completed.

The wells will continue to clean up over the next few weeks.

Quick facts: Whitebark Energy Ltd

Price: 0.004 AUD

Market: ASX
Market Cap: $16.14 m

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Whitebark Energy raising funds to support field development and production...

Whitebark Energy Ltd's (ASX:WBE) David Messina provides an update on the company's Wizard Lake Operations in Canada and the current partially underwritten entitlement issue to raise $A3 million announced last week. These funds will support Wizard Lake improvements and land...

on 6/7/20

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