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CS - Whitebark Energy consolidates Wizard Lake after Rex results - January 2020



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Whitebark Energy is consolidating its ownership in Alberta’s Wizard Lake oil field to 100% WI as part of an asset exchange agreement with JV partner Point Loma Resources. The Australian company is acquiring the remaining 50% WI it does not already own for $6.8 million in three stages, and partly in exchange for the assignment of 20-30% WI in non-Wizard lake assets to Point Loma. The two companies formed their west-central Alberta JV in......
 
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