Whitebark Energy Ltd (AU:WBE) has released an update.
Whitebark Energy Ltd, an ASX-listed company, has shifted its focus towards renewable energy with two EPG permit areas in Queensland and a partnership with CeraPhi Energy for geothermal exploration. Despite a 55% drop in production at its Wizard Lake asset in Canada due to well workovers, the company remains committed to its energy transition strategy and optimizing shareholder value. Whitebark reported a reduced quarterly revenue of A$0.109 million but is advancing with green hydrogen and geothermal projects to position itself as a leader in Australia’s renewable energy sector.
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