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Whitebark Energy sells Xanadu to focus on Canada

Published: 11:32 26 Oct 2018 AEDT

Whitebark Energy (ASX: WBE) has sold its Xanadu project in Western Australia to focus on Canadian opportunities.

The oil and gas explorer's managing director David Messina says Whitebark has identified exploration opportunities of over 100 million barrels of oil in new Canadian projects, and while selling Xanadu was a difficult decision, the potential of the Great White North is substantial.

Whitebark Energy busy reviewing opportunities for the business

Whitebark Energy Ltd’s (ASX:WBE) David Messina speaks to Proactive's Andrew Scott soon after announcing they've increased their position at the Wizard Lake Oilfield following the renewal of a mineral lease. Messina says it's been a tough year for the business with the drop in oil price coupled...

on 29/10/20