Whitebark Energy Ltd ( (AU:WBE) ) has provided an update.
Whitebark Energy Ltd reported a comprehensive loss of $518,627 for the half-year ending December 31, 2024, a significant improvement from the previous year’s loss. The company has restructured its interests in the Wizard Lake assets, retaining a 10% stake after divesting 90% to Conflux Energy. This strategic move allows Whitebark to maintain a presence in the field while benefiting from future developments under new ownership. The company remains focused on cost control and completing the asset transition, with ongoing production from the Wizard Lake fields enhancing cash flow stability.
More about Whitebark Energy Ltd
Whitebark Energy Ltd operates in the energy sector, focusing on oil and gas production. The company has a significant interest in the Wizard Lake oil and gas fields in Canada, which contribute to its overall output and revenue stream.
Average Trading Volume: 600,691
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$1.54M
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