WBE 20.0% 1.2¢ whitebark energy ltd

Ann: Whitebark Energy Ltd Annual Report 2020, page-7

  1. 666 Posts.
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    there saying it's costing us CDN$10 per barrel for operating costs?

    They go on to say

    Whitebark will increase production rates as the oil price improves and remains
    committed to continuing to develop the Wizard Lake Oilfield. The Company is currently undertaking a review to
    determine the appropriate timeframe to recommence drilling. oil price is back up to $40

    Does any one else have doubts these wells are operating as good as they are making out? and there delaying things to try to improve them?

    If I'm over cynical some one please remind me whats good about WBE?

    This is my first loser! good lesson
    I know f@ck all about oil so don't invest in oil stocks
 
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