Whitebark Energy Ltd ( (AU:WBE) ) has shared an update.
Whitebark Energy Ltd has announced significant progress in its exploration activities within the Officer Basin, South Australia, where it holds a majority interest in King Energy’s assets. The company is conducting a soil geochemistry survey at the Rickerscote Prospect to detect hydrogen and hydrocarbon emissions, which will inform future drilling plans. Additionally, Whitebark has completed the sale of 90% of its Wizard Lake asset, maintaining a 10% working interest that continues to provide stable revenue. These developments position Whitebark as a key player in Australia’s energy transition, with potential for substantial returns from its 3H strategy focusing on hydrogen, helium, and hydrocarbons.
More about Whitebark Energy Ltd
Whitebark Energy Ltd is an energy company focused on the exploration and development of hydrogen, helium, and hydrocarbon resources. The company is actively involved in projects within the Officer Basin in South Australia and is progressing towards geothermal energy to hydrogen projects in Queensland.
Technical Sentiment Signal: Buy
Current Market Cap: A$2.4M
For a thorough assessment of WBE stock, go to TipRanks’ Stock Analysis page.