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An update from Whitebark Energy Ltd ( (AU:WBE) ) is now available.
Whitebark Energy Limited has announced a major breakthrough in the evaluation of its Warro Gas Field, revealing significant gas-bearing intervals with minimal water presence, enhancing its commercial potential. This development follows a comprehensive petrophysical analysis by Steve Adams, which identified past completion programs as targeting overly broad intervals, inadvertently stimulating water-bearing zones. The company plans to fast-track activities to target these newly identified dry gas zones, with the potential to become the largest onshore gas resource in Western Australia, amid a tightening domestic gas market.
More about Whitebark Energy Ltd
Whitebark Energy Limited is an energy company focused on the exploration and development of gas resources. The company operates in the Perth Basin, Western Australia, with a primary focus on the Warro Gas Field, which is positioned as a significant onshore gas resource with potential commercial viability.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.92M
For a thorough assessment of WBE stock, go to TipRanks’ Stock Analysis page.