Articles On Whitebark Energy (ASX:WBE)

Rex-3 has produced about 35,800 barrels of oil and 251,000 mcf of gas since production from the well commenced.

Whitebark continues to be entitled to 100% of Rex-1, and 85% of Rex-2 and Rex-3 production until capex payout of the well costs.

The wells licensed by Point Loma Resources will be transferred to the company’s Canadian subsidiary.

Oil might be poised to make gains as the expiry of the West Texas Intermediate futures contract for June delivery passed without the feared drop into negative territory. The WTI spot price is currently trading at $US33.61 ($51) per barrel,...

Production in May has averaged 200 bopd oil and 1.6 mmcfd of gas while the company maintains a low operating cost of less than C$10 per barrel.

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...

Want to know which stocks the fund managers have been putting their money in (and out) of? We’ve keen keeping track so you don’t have to. Trading Places is Stockhead’s recap of substantial holder movements among ASX small caps in the last f...

The company completed an expansion of processing facilities at Wizard Lake Oilfield in December 2019 which included the handling of 5,000 barrels of fluid with 5 mmcfd of gas.

Whitebark has a 30-day period to exercise a right of first refusal with respect to the working interest being sold by Point Loma.

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...

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...

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...

Anyone looking at the oil price chart over the past three months might be forgiven for thinking that they are looking at the side profile of a cliff face. The benchmark Brent Crude has fallen from $US66.25 ($107.82) per barrel at the beginn...

Whitebark's wholly-owned subsidiary Salt Bush Energy Limited (SBE) has decided not to acquire the residual 40% of the Wizard Lake Oilfield.

The company produces oil from three wells at the Wizard Lake Oilfield in Canada which could host 20+ more wells.

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 company produces oil from three wells at the Wizard Lake Oilfield in Canada which could host 20+ more wells.

There’s been many catalysts for low oil prices including the coronavirus and the trade war between Saudi Arabia and Russia. And the fallout from this has been an epic supply glut never before seen in history, which in turn has led to a mass...

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...

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...

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...

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...