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Whitebark Energy commences drilling third well at Wizard Lake

The Rex-3 well follows the successful producing Rex-1 and Rex-2 wells.

Whitebark Energy Ltd - Whitebark Energy commences drilling third well at Wizard Lake
Rex-3 is a horizontal well, similar to Rex-1 and Rex-2

Whitebark Energy Ltd (ASX:WBE) has commenced drilling operations for its third oil well Rex-3 at the Wizard Lake Project in Canada.

Rex-3 will be drilled on the same pad as Rex-2, around 300 metres to the east and drilling is expected to take about 14 days.

The total length of the well is expected to be 3,370 metres and includes a planned horizontal leg of around 1,800 metres.

Rex-3 is planned to penetrate the reservoir section at about 1,405 metres vertical depth.

Rex-3 is the third of a potential 20+ wells

Whitebark’s managing director David Messina said: “Whitebark continues to advance the Wizard Lake development program in Canada with operations starting on Rex-3 ahead of schedule.

“With the extended reach horizontal section of Rex-3 we are very optimistic about continuing to see improvements over the previous Wizard Lake wells.”

The Wizard Lake Oilfield has the potential for over 20 follow up development wells.

Proactive last caught up with Whitebark for an update in late September 2019.

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Whitebark Energy raising funds to support field development and production...

Whitebark Energy Ltd's (ASX:WBE) David Messina provides an update on the company's Wizard Lake Operations in Canada and the current partially underwritten entitlement issue to raise $A3 million announced last week. These funds will support Wizard Lake improvements and land...

on 6/7/20

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