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Whitebark Energy Ltd ( (AU:WBE) ) has issued an update.
Whitebark Energy Limited has acquired the remaining 30% interest in the Alinya project within the Officer Basin, South Australia, thereby securing full control over the permits and the project’s timing. This strategic move follows positive independent expert reviews indicating significant hydrocarbon, hydrogen, and helium resource potential, positioning the Officer Basin as a world-class resource province. The acquisition allows Whitebark to offer greater participation to third parties in future farm-in processes, enhancing its operational flexibility and potential stakeholder engagement.
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 has extensive exploration in the Officer Basin located in South Australia, a substantial contingent gas resource in Western Australia, and geothermal exploration applications in southwest Queensland. Whitebark also holds a minor stake in low-cost oil and gas production in Canada.
Technical Sentiment Signal: Sell
Current Market Cap: A$2.8M
Find detailed analytics on WBE stock on TipRanks’ Stock Analysis page.