WBE

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1.0¢ whitebark energy ltd

Just wondering if the company has already increased our holding...

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krao

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27/06/20

19:19

Post #: 45491313
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Originally posted by pumper ↑

Yes mate exactly the OWA is the place right now if you are an oil survivor and will have some cheap viable assets no doubt IF you think the OP can hold the $40 to $45 for a while.
So DM has been picking up the leases from the PLX admin.
My understanding is the PLX creditor deal never made it and hence the forfeiture into the OWA and DM picks up at very realistic prices due to current environment and continues to move on other leases that are meaningful to us at WBE at realistic prices.
So yes we clearly right now own 85% and he is hard at work getting that to 100% ownership of the Wizard.
That is BIG for all us WBE holders.
So this new pump is not cheap that is getting dropped down the throat of Rex 3 plus the Labour cost.
We have some debt current and past we need to pay.
DM said suppliers are very good and no pressure but he wants to be paying bills off.
Comes back to his comment of the 6-9 months setback because I think the intention was to pay from increasing cash flow to suppliers but that has all been stuffed up.
Rex-3 is a very good well and should produce very well for us once she starts humming. Messina raves on about how good the Rex-3 is and how good it will perform.
Moving forward that is what we look forward to getting the Rex-3 pumping well and duplicating that with a few more just like it.
We need this bloody oil price to stay up though.
The gas price in Canada is holding up good.
Hey I was reading a couple of weeks ago that in the USA they have refineries purpose built to take on the Canadian heavy oil and that produces certain specialty products for USA.
So the USA has Canada as their biggest Oil importer and for Canada the USA is the largest buyer by a mile of their heavy Oil.
Because of this specialty market and purpose built refineries they were saying that will not change for continual demand and as the USA comes back on line Industry wise it will only get better again.
Like Salty says we need to get this production on all 3 wells ramped up again so we can start the cash flow.
Have we actually has all 3 wells in free flow yet combined? Be good once that happens.
DM has every intention of doing this if OP can hold.
pump

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Just wondering if the company has already increased our holding of the Wizard Lake field from 60% to 85%, shouldn’t the market have been informed about this good news? That would have given some boost to our share price and the capital raising could have been done at a higher price.

WBE Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.0¢		Change -0.002(16.7%)		Mkt cap ! $2.335M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.0¢	$18.89K	1.776M

Buyers (Bids)

No.	Vol.	Price($)
1	45545	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	300490	3

View Market Depth

No.	Vol.	Price($)
1	45545	0.011
1	454876	0.010
3	3095179	0.009
4	3120000	0.008
1	200000	0.007

Price($)	Vol.	No.
0.013	300490	3
0.014	588794	4
0.015	113334	1
0.016	363800	1
0.017	798883	2

Last trade - 15.51pm 28/06/2024 (20 minute delay)

WBE (ASX) Chart

Just wondering if the company has already increased our holding...

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Just wondering if the company has already increased our holding...

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