Articles On Whitebark Energy (ASX:WBE)

Oil prices are trading well below $US40 ($61.92) per barrel thanks to the impact of the COVID-19 pandemic and the trade war between Saudi Arabia and Russia. How long these conditions will last is anyone’s guess, with Saudi Arabia preparing...

With oil prices dropping, the company has been proactive in lowering operating costs to remain sustainable and competitive.

The impact of the COVID-19 outbreak is poised to result in a fall in global oil consumption, the first time since 2009, with the bottom falling out of benchmark prices after Saudi Arabia and Russia failed to agree to production cuts. The In...

Planning has commenced for the next wells with the well licenses for Rex 4 and 5 being received.

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

The wells continued to produce through the extreme cold weather, albeit at reduced average rates of around 750boe/d (470bopd).

Whitebark Energy’s (WBE) new facilities and pipeline at Wizard Lake in Canada have now been fully operational for 16 days At the facilities, gas is separated from liquids before being transported via the pipeline for processing and sale Th...

Total field production at this stage (from two wells still in clean-up mode) is averaging about 550 bopd (barrels of oil per day) and 2.2 mmcfd (million cubic feet per day).

Despite all the hubbub surrounding renewable energy, the world is still driven by oil. And it shows, despite the uncertainty in today’s markets, oil prices have risen over the past 12 months with some significant dips and gains along the wa...

Whitebark Energy (WBE) has increased its interest in the Wizard Lake Oilfield to 60 per cent after completing stage 1 of the transaction Stage 1 saw the company purchase an additional 10 per cent in the project for $1.3 million taking its...

The company recently entered an agreement to increase its ownership to 100% in the Wizard Lake Oilfield.

Whitebark Energy (WBE) has completed the expansion to the Wizard Lake Oilfield The expanded facility will now be capable of handling 5,000 barrels of fluid a day, along with 5 million standard cubic feet per day Oil and gas have commenced...

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.

The recent spate of successful gas wells targeting the Kingia and High Cliff formations in the Perth Basin, Western Australia, has – as widely expected – kicked off a mini rush to dust off tenements in the region for a second look. Key Petr...

The $5.03 million was raised through a heavily subscribed placement of 503 million shares priced at 1.0 cent each.

Leveraging the sun’s energy to power mining operations in one of the world’s sunniest countries makes a lot of sense and Perth-based Zenith Energy (ASX:ZEN) has now brought its latest solar power system on line. The company’s unique battery...

The Wizard Lake project development in Canada has been fast-tracked thanks to a $3.8mln capital raising back in September

After two days of testing, the Rex-3 well’s average flow rate measured 1,278boe per day.

Marenica Energy (ASX:MEY) has powered up its uranium resources after acquiring a suite of tenements in the Northern Territory and Western Australia from Optimal Mining. The acquisition of the Angela, Thatcher Soak and Oobagooma projects as...

Energy stocks made modest gains this year with the S&P ASX200 Energy index rising 13.8 per cent over the past year to 11,546.1 points. It has been a mixed year for oil with the ongoing dispute between the US and China keeping oil prices...

While Investing in stock market, everyone comes up with a mindset of getting higher returns with limited amount of investment and in a shorter span of time. This leads them to look for cheaper stocks. However, this practice sometimes fails....

Traces of oil have already been recorded at surface and most encouragingly casing pressure started to increase after 13 hours.

Rex-3 is the third horizontal well to be drilled in the multi-well development of the Wizard Lake oilfield and was drilled from the same pad as Rex-1 and Rex-2.

Whitebark Energy (ASX: WBE) has completed fracture stimulation of the Rex-3 well in Canada’s Wizard Lake oil field, with flow back to begin imminently. The company’s Canadian subsidiary Salt Bush Energy completed the 46 stage frac program o...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

On completion of the Rex-3 well, Whitebark will earn a 50% working interest.

The horizontal component of the Rex-3 well measures 2,100 metres, 74% longer than Rex-1 and 40% longer than Rex-2.

The pumping program is expected to commence in five days and flow testing to commence in the week starting December 9.

Oil watchers could be treating their necks for whip lash after a wild oil price ride in November. The benchmark Brent crude price fell to a low of $US60.91 ($89.92) per barrel before rocketing up to a high of $US64.27 per barrel with a slig...

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

The Rex-3 well results provide strong support for additional development drilling in 2020 once the production facilities are operational.

It’s been a long wait for Tlou Energy (ASX:TOU) shareholders but the company says the final ingredients for its Botswana project are coming together. The company is developing a coal seam gas field to produce energy as the southern African...

The Rex-3 well follows the successful producing Rex-1 and Rex-2 wells and drilling operations are expected to be finished early next week.

Drilling of the Rex-3 well follows the successful producing Rex-1 and Rex-2 wells.

Fremont Petroleum (ASX:FPL) could have more oil and gas tucked away at its Pathfinder field in Colorado thanks to the successful wells it drilled earlier this year. Potential oil resources have increased by 12 per cent to 60.6 million barre...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

Whitebark Energy (ASX:WBE) could soon be enjoying the fruits of increased oil production from the Rex-1 well at its Wizard Lake project in Canada after completing workover operations to remove debris in the well. The company originally shut...

Production at the well will re-start once upgraded surface facilities at Wizard Lake are commissioned.

The Rex-3 well follows the successful producing Rex-1 and Rex-2 wells.

The upgrade work is expected to be finished by early December in time for production from the next well to be drilled Rex-3.

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

The precision rig and crew will be returning to Rex-3 following their success with Rex-1 and 2.

The company has also acquired a key 4.7-kilometre pipeline securing access to a pipeline gathering system and gas plant.

The oil and gas developer is putting a recent capital raising to good use.

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

The capital raising included a $3.8 million placement to institutional, sophisticated and professional investors.

After successfully drilling Rex-1 and 2, the company has elected to drill Rex-3 targeting the same cretaceous Rex sands encountered previously.

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

What a difference a few weeks makes. AJ Lucas (ASX: AJL) has jumped 19 per cent after confirmation all was not lost at a Lancashire gas field operated with Caudrilla (which it owns nearly half of). 5 weeks ago shareholders learned its gas f...

Whitebark has also acquired an additional 640 acres at Wizard Lake, which now has the potential for at least 24 wells.