Reminder from Nov. 27th "The Board of Whitebark Energy Limited (ASX: WBE) (‘Whitebark’ or the ‘Company’) is pleased to announce that it has received firm commitments to raise $517,000 via a placement of up to 25,850,000 new ordinary shares in the Company at A$0.02 per share (the ‘Placement’) to Sophisticated and Professional Investors. The funds raised will be deployed to cover costs of the Rex-3 well workover that is expected to double total field production. Completion of the process is anticipated within the week." THey didnt mention rex 3 in the quarterly.
What a disgrace this quarterly is: - shitty production numbers - no action to their words regarding rex 3 - no results for the divestment
And the new play will be geothermal at Warro. HORRIBLE!
WBE Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
