Hi Blister,
On the 23rd of March ASX announcement by David Messina
"Whitebark is in the fortunate position that it is operating in a low-cost oilfield. The Company had already reduced
direct operating costs (excluding royalties) to CDN$7.50/barrel at 600 bopd production rates1
.
“Importantly, Whitebark has the ability to increase production when the returns provide incentive to do so, '"
Since that announcement on the 23rd of March till today (01/08/2020) oil has gone up 70 per cent. How muh more does it have to go up?
Its just greed and not the best interest of share holders. Thats just my sad opinion of the company. But I still believe in Miracles.
Regards Pirates
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