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Whitebark Energy Ltd ( (AU:WBE) ) just unveiled an update.
Whitebark Energy Ltd has entered into a bid implementation agreement to acquire King Energy, marking a strategic move to expand its exploration footprint in the Officer Basin, South Australia. King Energy is advancing its Alinya Project through a multispectral remote spectroscopy study to identify hydrogen, helium, and hydrocarbon emission points, with plans for subsequent geochemical surveys and seismic acquisition. These efforts are expected to mature a portfolio of drill-ready prospects, positioning Whitebark Energy to leverage its expertise in collaboration with King Energy.
More about Whitebark Energy Ltd
Whitebark Energy Limited (ASX:WBE) is an ASX-listed exploration and production company engaged in low-cost oil and gas production in Canada, operated by its subsidiary Rex Energy, and holds a significant gas resource in Western Australia. The company has realigned its strategy following a management change and acquisition of the Wizard Lake asset in Alberta, Canada.
YTD Price Performance: 0.0%
Average Trading Volume: 600,691
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$2.02M
Find detailed analytics on WBE stock on TipRanks’ Stock Analysis page.
