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Whitebark Energy Ltd ( (AU:WBE) ) just unveiled an update.
Whitebark Energy has completed a cultural heritage survey at the Rickerscote Lead in preparation for soil geochemistry testing for hydrogen, helium, and hydrocarbons. This testing is part of the company’s efforts to advance the Alinya Project in the Officer Basin, which could establish a new energy province in Australia, enhancing energy security and exports to Asia. The project includes over 20 prospects, with Rickerscote being one of the largest undrilled structures onshore Australia. The soil testing program is set to begin in mid-August, providing critical data for optimizing exploration well locations.
More about Whitebark Energy Ltd
Whitebark Energy Limited (ASX:WBE) is an ASX-listed exploration and production company focused on delivering conventional oil and gas to support global energy transition and building a clean energy future through natural hydrogen exploration and geothermal power. The company operates extensive exploration activities in the Officer Basin in South Australia, holds a substantial contingent gas resource in Western Australia, and has geothermal exploration applications in southwest Queensland. Additionally, Whitebark maintains a minor stake in low-cost oil and gas production in Canada.
Technical Sentiment Signal: Sell
Current Market Cap: A$2.8M
For detailed information about WBE stock, go to TipRanks’ Stock Analysis page.