WBE 4.76% 1.1¢ whitebark energy ltd

Ann: Whitebark Energy Production Update - July 2024, page-3

  1. 750 Posts.
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    Quite amazing isn't it @Skronkman. After what feels like years of excuses Wizard is now back up and running at in just 6 weeks.

    On reported numbers Wizard is now producing nearly 19, 000 boe qtr and revenue near $1m. Thats just off Rex 1-4.

    I really liked WBE because of the potential of Wizard Lake to generate cash.

    Conflux took on WBE's debt of ~$1.6m and spent some money to get the field back into production. They have proved the potential of Wizard, just not in WBE's hands.

    Meanwhile WBE are back to trawling for govt grants.
 
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