WBE whitebark energy ltd
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News: WBE Whitebark Energy Conducted Formal Whole Review Process

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    07/07/23
    11:00
    Post #: 68669863

    July 7 (Reuters) - Whitebark Energy Ltd (WBE) :

    • CONDUCTED A FORMAL WHOLE OF COMPANY REVIEW PROCESS TO EVALUATE STRATEGIC OPTIONS TO MAXIMISE SHAREHOLDER VALUE
    • REVIEW INCLUDED ASSESSMENT OF A POTENTIAL PARTIAL OR FULL SALE OF CANADIAN SUBSIDIARY REX ENERGY AND/OR ITS ASSETS
    • IT IS CURRENT VIEW OF DIRECTORS THAT REX ENERGY OIL AND GAS PRODUCTION ASSET IS NOT CURRENTLY VALUED BY MARKET ADEQUATELY
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