WBE 0.00% 0.6¢ whitebark energy ltd

Wildwood Ostracod Well

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    So what's happened to this well that they were meant to be drilling in December 2018 or am I missing something. Wildwood Ostracod Well (Lower Mannville)
    • The Wildwood exploration well is permitted and licenced for drilling during December this year.
    • Nearby wells have confirmed the presence of both oil and gas in the Ostracod and the PLJV operated
    Paddle river field is only ~20km to the NE.
    • The Wildwood well will be drilled to a vertical depth of approximately 1750m and then horizontally for
    1200m to ensure maximum exposure to the target zone.
    • The Wildwood exploration target is estimated to contain 8-10 million BOE in place (1.6-2 million BOE
    net to WBE) and has potential for 6-10 follow up development wells. (Refer ASX release dated 25
    October 2018).
    • The estimated completed cost of the well is $2.5m, (drilling $1.4m, completion and testing $1.1m -
    $500,000 net to WBE).
    • Adjacent pipeline connected to deep cut facility improves liquids recovery – low tie in costs.
 
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