WBE 0.00% 0.6¢ whitebark energy ltd

Good morning, I gave you a couple of thumbs up let’s find oil,...

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  1. 1,241 Posts.
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    Good morning,
    I gave you a couple of thumbs up let’s find oil, it is pleasant to pop in and find something sensible to read rather than general whining.

    A couple of comments on your posts. I agree a couple of quick and productive Rex wells will change WBE’s share price dramatically.

    I suspect it might take a bit longer than anticipated. The crazy cold arctic weather they are experiencing in Alberta and North America in general would have put a spammer in the works of most outdoor activities, and nearly all the connection of Rex to the established infrastructure involves outdoor work. The Rex being shut in may be a good thing.
    At minus 50 degrees it is not even safe to breathe the outside air. I know they like to do the drilling and pipe laying in winter because the soil is frozen and thus not boggy but I think they are normally dealing with just minus 10 as very cold.
    I suspect there is going to be widespread damage to the existing infrastructure all over Alberta.
    Thus expect delays.

    When work gets going again I’m thinking at least two more Rex wells drilled and connected before the end of the year.
    The options should be in the money by then.
    The next update on progress of the Rex 1 connection will be very interesting. Would be nice to get an update on the latest effect “global warming “ has had on industry in general in Alberta.

    Saltbus
 
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