Whitebark Energy Ltd. advised flow back operations at its Wizard Lake Rex well (WBE Working Interest: 30%) continue with approximately 50% of the load fluid recovered to date at a total fluid rate of up to 1,500 bbls /day. The oil cut continues to increase as the load fluid is drawn down and the company expects this trend to continue. As is the practice by other operators in the area, a high-volume, submersible pump is being used to assist with the recovery of frac fluids and to optimise the oil recovery rate. The Wizard Lake Rex well was spud on 24 November 2018 and drilling finished on 2 December 2018 (nine days inclusive). The well intersected a continuous reservoir section from the casing shoe with predominately good quality reservoir accompanied by excellent oil shows (fluorescence and cut) and elevated gas readings. The Rex target at Wizard Lake is the first horizontal well to be drilled in what could be a multi-well program analogous to the offsetting Leduc area Rex. Recent activity in the area has resulted in highly commercial wells (250-300 boepd, 80% oil, 16-17 API, EUR 2P~250kboe). The target zone in the PLJV lands has similar porosity but is thicker than at the Leduc area. The Rex prospect has the potential for 12-14 follow up development wells.