WBE 0.00% 0.6¢ whitebark energy ltd

Ann: Quarterly Activities and Cashflow Report, page-37

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  1. 3,719 Posts.
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    The main problem was getting it to flow at high rate given ongoing water inflow (ingress) issues. It was on the backburner even before the Moratorium.
    Having said that, sometime in the coming decades, I think figure out how to get it to flow (assuming moratorium is lifted).

    WBE resurrected itself, however, on the back of a very promising result for Xanadu and some astute investing in a cash-strapped Canadian oil microcap. These assets alone more than unpin the current market cap of $9million. In fact, I think it is undervalued, but i think Mr Market (skeptical of WBE or simply unaware ofit) will need to see some more positive drilling results and a strong positive flow on some quarterly reports before it gives proper credit for the turn around.
 
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