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The latest announcement is out from Whitebark Energy Ltd ( (AU:WBE) ).
Whitebark Energy has completed a soil gas sampling survey on its PELs 253 and 81, using IVY sensors to gather data that will help refine the location of the Rickerscote 1 exploration well. This survey is part of the company’s efforts to de-risk and mature its projects in the Officer Basin, with the potential to unlock new resources and support energy security and export pathways. Additionally, a petrophysical re-evaluation of the Warro Field has indicated that previous completion programs may have targeted water-bearing zones, suppressing gas flows. The company is now designing a new testing program to better understand the gas zones’ potential.
More about Whitebark Energy Ltd
Whitebark Energy Ltd is an energy company focused on the exploration and development of hydrogen, helium, and hydrocarbons. It operates primarily in the Officer Basin in South Australia, with a strategic emphasis on delivering white hydrogen, natural helium, and transition energy through gas. The company is engaged in low-cost, low-risk exploration drilling and aims to position itself as a leader in the global shift toward clean energy.
Average Trading Volume: 71,301,280
Technical Sentiment Signal: Sell
Current Market Cap: A$5.63M
For a thorough assessment of WBE stock, go to TipRanks’ Stock Analysis page.