Press

Whitebark Energy: Quarterly Activity Statement


Summary

Quarterly Activity Statement

30th January 2018

Whitebark Energy Ltd is pleased to report a robust second quarter with the average daily production for December of approximately 275 boe/d from its Canadian JV (up from 150boe/d), confirmation of its Xanadu oil discovery in the Perth Basin and $3m cash to fund its active work program and acquisition strategy.

Highlights

Canadian Operations – Point Loma JV (20% WI)

  • WBE Net production from Point Loma JV (“PLJV”) peaked at 300 boe/d during December finishing the month with an average daily production of 275 boe/d.

  • Paddle River Area
    o 5-31 well recompletion placed on production in October with initial production between 100 and 160 boe/d with the average daily production for the quarter of 70 boe/d.

    o Acquired 12-4 well placed on production in the second half of October with current production rate of approximately 100boe/d (constrained).

    o 1-32O stra cod well drilled with strong shows: over 2000 gas units and visible oil staining. Well sidetrack is planned to increase horizontal lateral section.

    o JV secures 100% of Ostracod oil pool via acquisitions.

• Thorsby Area

o Pipeline completed to tie in 11-18 Glauconite well to facilities with production commenced at over 1mmcfd (167boe/d).

o 9-18 Sparky well drilled and stimulated with clean up testing through 18-59 pipeline.

  • Thornbury Area

    o Gas well reactivation project commenced in December to unlock approximately gross 1.7 mmcf/d from previously producing wells.

  • Leaman Area

    o LOI executed with Tidewater Paddle River Gas Plant to process gas through its 60mmcf/d deep cut facility. As wells are brought back on line over 6-9 months an increase in gross production of approximately 2mmcfd is expected.

  • Twelve sections (7,680 acres) of petroleum and natural gas (P&NG) leases and licences acquired adding significant Mannville, Nordegg and Banff oil targets in 2018

  • 18 additional drilling opportunities added to inventory as a result of current drilling programs and land acquisitions

  • Data review has identified the Duvernay Oil Shale play in 16,524 acres of JV land



New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site

https://wcsecure.weblink.com.au/pdf/WBE/01945217.p...

Whitebark EnergyActivity UpdatePerth BasinCanadaJV

More items from oilvoice


Africa E&P Summit

The organisers of the Africa E&P Summit are bringing together Africa's leading exploration companies and governments, just one of the many reasons why you should be attending frontier's event that they are organising and hosting in London at the IET: Savoy Place, 22-23 May. Over 200 key senior exec ...

OilVoice Press - OilVoice


Posted 2 months agoPress > Africasummitoil summit +2

Equinor Deepens in Offshore Wind in Poland

Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. This transaction is a follow-up of the agreement between the two companies which came into force in May 2018 , by which Equinor acquired a 50 % inter ...

OilVoice Press - OilVoice


Posted 6 months agoPress > EquinorEquinor EnergyPoland +2

Nigeria has highest capex on crude and natural gas projects in sub-Saharan Africa Over Next Seven Years, says GlobalData

Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData , a leading data and analytics company. The company's report: ‘H2 2018 Production ...

OilVoice Press - OilVoice


Posted 6 months agoOpinion > GlobalDataNigeriaCrude +5

CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies

HONG KONG, Dec. 18, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, Conoco ...

OilVoice Press - OilVoice


Posted 6 months agoPress > CNOOCChina National Offshore Oil CorporationChevron +11

Total Announces the Distribution of its Second 2018 Interim Dividend

The Board of Directors met on December 12, 2018 and declared  the distribution of a second interim dividend for the 2018 fiscal year of €0.64 per share, in accordance with the Board's decision of July 25, 2018, an amount equal to the first 2018 interim dividend and an increase of 3.2% compared to t ...

OilVoice Press - OilVoice


Posted 6 months agoPress > TotalDividend
All posts from oilvoice