Whitebark ends year with major acquisition

ASX-junior oil explorer Whitebark Energy will buy the remaining 50% interest in the Wizard Lake oilfield in Alberta, Canada from partner Point Loma Resources for A$6.65 million.

Whitebark ends year with major acquisition Whitebark ends year with major acquisition Whitebark ends year with major acquisition Whitebark ends year with major acquisition Whitebark ends year with major acquisition

 

Under the cash and scrip Purchase and Sale Agreement, Whitebark will pay Point Loma C$4 million (A$4.44 million) cash and C$2 million (A$2.2 million) worth of shares.