Whitebark Energy: Completes Rex-4 well drilling

Whitebark Energy Completes Rex-4 well drilling

• Whitebark Energy (WBE) completes drilling work at the Rex-4 development well within its Wizard Lake oil and gas field in Alberta, Canada
• The company drilled the well to a total depth of 3647 metres and says it achieved all of its objectives, including demonstrating oil saturation in the wellbore
• Following the completion, Whitebark ran a four-and-a-half inch production liner to accommodate 50 hydraulic fracture stimulation stages in the Rex Sandstone reservoir
• The well is now targeting post-clean-up production rates of 300 barrels of oil per day and 1400 million standard cubic feet of gas per day
• WhitebarkEnergy shares are trading grey at 0.3 cents at 2:30 pm AEST