Whitebark Energy Exercises Option to Acquires Remaining Stakes in South Australia Permits
MT Newswires Live
Aug 25, 2025
Whitebark Energy (ASX:WBE) exercised the option to acquire the remaining 30% shares in Officer Energy, which indirectly holds permits, PEL 81 and PEL 253, part of the Alinya project, in the Officer basin in South Australia, according to a Monday Australian bourse filing.
As consideration for exercising the option, Whitebark will issue 2.955 million shares and 2.955 million options in the firm in exchange for an additional 30% interest.
The independent resource assessments by Sproule ERCE for hydrogen and helium and by Fluid Energy Consultants for oil and gas confirmed the giant prospective resource potential of the project.
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