Whitebark Energy Ltd ( (AU:WBE) ) has issued an announcement.
Whitebark Energy Ltd has initiated 2D seismic survey work and drilling planning for the Rickerscote prospect, part of the Alinya Project. The project, which includes over 20 identified prospects, aims to open a new hydrogen, helium, and hydrocarbon province in Australia, enhancing energy security and positioning the country at the forefront of the clean energy revolution. The company has engaged Exploration Consultants and Zenith Energy to finalize survey parameters and well design, with tenders expected to complete by May 2025. Successful exploration could significantly impact Australia’s energy exports and clean energy standing.
More about Whitebark Energy Ltd
Whitebark Energy Ltd is a company involved in the energy sector, focusing on exploration and development projects. The company is working on the Alinya Project in the Officer Basin, which aims to explore hydrogen, helium, and hydrocarbon resources, potentially enhancing energy exports to Asia and contributing to Australia’s clean energy initiatives.
Technical Sentiment Signal: Buy
Current Market Cap: A$2.4M
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