EXPLORATION

Whitebark's Wizard Lake Rex well spuds

WHITEBARK Energy (20%) said this morning drilling of its anticipated Wizard Lake exploration well in Canada, part of a joint venture it shares with local player Point Loma Resources (80%), began over the weekend, with the Precision Drilling Rig 186 arriving on site Friday.

Whitebark's Wizard Lake Rex well spuds

The company, which recently sold out of Norwest Energy's Xanadu oil discovery in Western Australia's Perth Basin to focus on Canada, saw its shares surge 33.3% in morning trade, hitting 4c per share as...

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