WBE 0.00% 0.6¢ whitebark energy ltd

No Clayton all is revealed

  1. 1,241 Posts.
    lightbulb Created with Sketch. 45
    When I first read the announcement I thought I had mixed them up.
    But no.
    By putting them side by side (as best you can on a iPhone) all is revealed, the only unknown left is actual flow rate. Does that matter that much at this stage. We have an oil producing well and 1.8 million barrels of oil to extract as WBE’s share. The faster it flows the better the short term economics but we now have a field to develope.

    8 th January .... 50% fluid recovered flowing at up to 1,500 bod.

    Now .....substantial amount of fluid and oil recovered

    Notice the difference, cleanup nearly finished, now they are continuing testing to establish a flow rate ( not really needed).but to establish what surface equipment is needed to maintain long term production.
    That says it all really, we have a producing oil well.

    A few extra bits of info
    Rex has been flowing continuously for 7 days.
    Testing is continuing successfully.
    Cleanup flows began on 24 December.

    All good , I’d buy more but I’ve run out of money and other shares to sell.

    Good luck holders it is looking like a buy and a winner at the same time.

    Saltbus
 
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