Whitebark Energy jumps most in 5 months, resumes Canadian operations

H3 Energy

19/10/2023 01:42

** Shares of Australian oil and gas explorer Whitebark
Energy  WBE.AX  rise as much as 17.7% to A$0.02, their biggest
intraday pct gain since May 9
    ** Co announces resumption of production at Wizard Lake oil
and gas field in Canada 
    ** Rex-4, Rex-2 and Rex-1 wells been brought back into
production with field producing 50 barrels of oil per day (bopd)
and 300 thousand cubic feet per day in total - WBE
    ** Co adds Rex-3 well expected to return field production to
over 200 barrels of oil equivalent per day (boe/d)
    ** Nearly 517,930 shares change hands, vs 30-day average
volume of 196,065 shares
    ** Whitebark stock down 77.3% YTD, as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))