Australia's Whitebark Energy gains on increased production at Canada Project

H3 Energy

09/01/2023 04:25

** Shares of Australia's Whitebark Energy  WBE.AX  rise as
much as 50% to A$0.002, set to gain the most since Dec. 30, 2022
    ** The oil and gas producer announces that production at the
Wizard Lake Field Project in Canada has increased to 180 barrels
of oil equivalent per day from 50BOE/D 
    ** Adds that co's Rex-4 development well is targeting
post-clean up production rates of 300 bopd and associated gas in
Q1 FY23
    ** Stock fell 48.6% in 2022
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))