Posted by OilVoice Press - OilVoice
Whitebark Energy Ltd (ASX: WBE) (“Whitebark” or “the Company”) is pleased to provide an update to shareholders with regards to its Canadian activities.
Point Loma JV (PLJV), Canada (WBE 20% WI)
Following the drilling of two wells and the reactivation of two stranded wells, Whitebark net production has increased to 300boe/d, up approximately 60% since the acquisition. The wells are expected to stabilise over the coming weeks and will provide key information in relation to adjacent drilling opportunities.
Construction work is expected to commence in January to reconnect approximately 2.0 mmcf/d gross to the PLJV of natural gas into JV operated facilities.
Whitebark's Managing Director, David Messina, said “We are very happy to report a 60% increase in production from the work program we undertook in Q3 2017. Further increases will occur in the coming weeks as we unlock additional stranded production”
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