Brief: Whitebark Energy Says Service Rig Mobilized To Wizard Lake Site

H3 Energy

03/10/2023 02:36

Oct 3 (Reuters) - Whitebark Energy Ltd  WBE.AX :
    * SERVICE RIG HAS BEEN MOBILIZED TO WIZARD LAKE SITE TO
REPLACE
PARTED RODS AT REX-1 AND WORN TUBING AT REX-4
    * NOW CONDUCTING A FORMAL PROCESS TO EXPEDITE SIGNIFICANT
INTEREST
RECEIVED IN REX ENERGY
    * REX ENERGY OIL AND GAS PRODUCTION ASSET IS NOT CURRENTLY
VALUED
BY MARKET ADEQUATELY
    * FIELD WILL RETURN TO PRODUCTION IMMEDIATELY AFTER WORKOVER
OF 
TWO WELLS AT AND ESTIMATED PRODUCTION RATE OF OVER 100 BOE/D

Source text for Eikon:  ID:nASX5W2HxY 
Further company coverage:  WBE.AX 

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