Brief: Whitebark Energy Initiated Formal Review Process To Evaluate Strategic Options

H3 Energy

10/05/2023 07:59

May 10 (Reuters) - Whitebark Energy Ltd  WBE.AX :
    * INITIATED A FORMAL REVIEW PROCESS TO EVALUATE STRATEGIC
OPTIONS
TO MAXIMISE SHAREHOLDER VALUE
    * WILL CONDUCT A FORMAL REVIEW PROCESS TO CONSIDER
MONETISATION OF
REX ENERGY SUBSIDIARY IN ALBERTA CANADA
    * CURRENT VIEW OF DIRECTORS THAT REX ENERGY OIL & GAS
PRODUCTION
ASSET IS NOT CURRENTLY VALUED BY MARKET ADEQUATELY
    * IN CONJUNCTION WITH PROCESS, WBE TO ASSESS NEW ASSET-LEVEL
INVESTMENTS IN CANADA AND ELSEWHERE

Source text for Eikon:  ID:nASX1CTK14 
Further company coverage:  WBE.AX 

 ((Reuters.Briefs@thomsonreuters.com;))