Brief: Whitebark Energy Says Formal Review Process Considered Monetisation Of Its Rex Energy

H3 Energy

07/09/2023 02:34

Sept 7 (Reuters) - Whitebark Energy  WBE.AX :
    * FORMAL REVIEW PROCESS CONSIDERED MONETISATION OF ITS REX
ENERGY
SUBSIDIARY IN ALBERTA CANADA
    * DIRECTORS VIEW THAT REX ENERGY OIL AND GAS PRODUCTION
ASSET IS
NOT CURRENTLY VALUED BY MARKET ADEQUATELY
    * DIRECTORS VIEW IS FURTHER SUBSTANTIATED BY RECENT SURGE IN
OIL
PRICES, WHICH HAVE REACHED NEW HIGHS FOR YEAR

Source text for Eikon:  ID:nASX5drtG2 
Further company coverage:  WBE.AX 

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