The latest update is out from Whitebark Energy Ltd ( (AU:WBE) ).
Whitebark Energy Limited has announced the commencement of a soil geochemistry survey at the Rickerscote Prospect, part of the Alinya Project in Western Australia. This initiative aims to identify hydrogen and hydrocarbon emission hotspots using advanced IVY gas detection sensors. The project, which could potentially transform Australia’s energy landscape, positions Whitebark at the forefront of clean energy development. The survey results will guide future drilling activities, potentially enhancing the company’s market position and contributing to Australia’s energy security.
More about Whitebark Energy Ltd
Whitebark Energy Limited (ASX:WBE) is an ASX-listed exploration and production company with low-cost oil and gas operations in Canada through its subsidiary Rex Energy. The company also holds a significant gas resource in Western Australia and has recently realigned its corporate strategy following management changes and the acquisition of the Wizard Lake asset in Alberta, Canada.
Technical Sentiment Signal: Buy
Current Market Cap: A$1.54M
For a thorough assessment of WBE stock, go to TipRanks’ Stock Analysis page.