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Whitebark Energy Ltd ( (AU:WBE) ) has shared an announcement.
Whitebark Energy Limited has announced a significant update on the prospective hydrocarbon resources in the Officer Basin, South Australia, following an independent review by Fluid Energy Consultants. The review highlights the substantial potential of the Rickerscote Prospect, with an estimated 1.06 Tcf of gas and 145 million barrels of liquids in total. Whitebark holds a 70% interest in the permits and has the option to increase its ownership to 100%, positioning the company to potentially transform the Officer Basin into a major hydrocarbon source for Australia, thereby enhancing its energy security.
More about Whitebark Energy Ltd
Whitebark Energy Limited is a company operating in the energy sector, focusing on the exploration and development of hydrocarbon resources. The company is primarily involved in identifying and exploiting oil and gas reserves, with a significant interest in the Officer Basin in South Australia. Whitebark aims to enhance Australian energy security and transition by unlocking substantial hydrocarbon potential.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.5M
Learn more about WBE stock on TipRanks’ Stock Analysis page.