About Whitebark Energy
Whitebark Energy Limited (ASX: WBE) is an Adelaide-based company with production and exploration assets in Canada and Australia.
Whitebark holds 100% Working Interest in the Wizard Lake oil and gas field in the province of Alberta.
Wizard Lake is a well-established producer, with existing oil and gas processing facilities and pipelines to market. Whitebark has three producing wills (Rex 1, 3 and 3) and a fourth, Rex 4, has just been drilled. Whitebark’s aim for the Field is for a significant increase in production and the lowering of costs through infrastructure improvements and horizontal development drilling.
In Western Australia, through wholly owned subsidiary Latent Petroleum, Whitebark holds a 100% interest in the 4.4-11.6tcf (refer ASX release dated 19 November 2015) undeveloped Warro Gas Project, about 200km north of Perth.