Canada well flows oil

Canada

SYDNEY, January 21, 2019 – The Wizard Lake Rex horizontal well in Alberta, Canada, has confirmed a commercial oil discovery, partner Whitebark Energy announced on Monday.

Whitebark holds a 30% interest in the well, which tested at about 340 boepd. The remaining interest is held by Point Loma Resources, its partner in the Point Loma joint venture.

“The oil discovery by the Wizard well is an excellent result and Whitebark is very pleased with the oil flow rates from the first well,” David Messina, the managing director of Whitebark, said. “This is just the sort of success WBE has been targeting and we look forward to pushing ahead with further appraisal work and production operations during the first half of 2019.”