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Whitebark Energy continues Wizard Lake Rex well flowback, gathers data on long-term production

The company holds a 30% stake in the Wizard Lake Rex well.

The Rex prospect has the potential for 12-14 follow up development wells

Whitebark Energy Ltd (ASX:WBE) has recovered a substantial amount of fluid and oil in ongoing flowback operations at its Wizard Lake Rex well in Canada.

The testing program will continue to establish a stabilised flow rate and to gather sufficient data to enable the design of suitable surface equipment to produce at the well on a long-term basis.


Whitebark managing director David Messina said: “The testing on our Wizard Lake Rex well is continuing successfully with the well now flowing uninterrupted for approximately seven days.

“We understand from adjacent fields that a 2-4 week clean-up period can be required to ensure we have collected the appropriate data before discontinuing testing.”

READ: Whitebark Energy begins flowback testing Wizard Lake Rex well, increases stake to 30%

Wizard Lake Rex was spud on November 24 last year and drilling finished on December 2, a total of nine days inclusive.

The well intersected a continuous reservoir section from the casing shoe with predominantly good quality reservoir together with fluorescence and cut oil shows and elevated gas readings.

Following a 27-stage fracture stimulation program, the well began clean-up flows on December 24.

READ: Whitebark Energy completes 27-stage frac in less than 36 hours at Wizard Lake Rex well

The Rex target at Wizard Lake is the first horizontal well to be drilled in a potentially multi-well program analogous to the offsetting Leduc area.

Recent activity in the area has resulted in highly-commercial wells which in one instance is producing 250-300 barrels of oil per day.

The target zone in the Point Loma joint venture tenements has similar porosity but is thicker than at the Leduc area.

READ: Whitebark Energy’s Wizard Lake Rex well flowback continues

Whitebark is based in Perth with production and exploration assets in Canada and Australia.

The company holds a number of licences varying between 20% and 30% interest in Alberta as part of the joint venture with Point Loma Resources Ltd (CVE:PLX).

The PLJV is an established producer with existing oil and gas processing facilities and pipelines into markets.

Whitebark also holds a 100% interest in the undeveloped Warro Gas Project 200 kilometres north of Perth.

Quick facts: Whitebark Energy Ltd

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Market: ASX
Market Cap: $12.11 m

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Whitebark Energy starts drilling at Wizard Lake project and reacts to major...

Whitebark Energy (ASX-WBE) Managing Director David Messina joined Steve Daring from Proactive Investors in Vancouver with news Whitebark has started their drilling program at the Wizard Lake Exploration Well just outside Leduc, Alberta, Canada That program expected to continue in to December...

on 27/11/18

3 min read