Whitebark Sets Stage for AU$7.7M Drill at Giant Rickerscote Prospect

Advancing Drilling Plans for a Giant Prospect

Whitebark Energy Limited (ASX – WBE) has taken a significant step forward in its exploration ambitions by finalizing a preliminary well design and conducting a rig market assessment for the Rickerscote prospect, part of the expansive Alinya Project in Australia's Officer Basin. The well-engineering consultancy Zenith Energy led the design work, estimating a drilling cost of approximately AU$7.7 million to reach a total depth of 2400 meters. This well aims to test multiple reservoir intervals within one of the largest undrilled onshore structures in Australia.

A Prospect of Unprecedented Scale

The Rickerscote prospect is notable not only for its size; exceeding 180 kilometers of closure area and potentially up to 400 kilometers; but also for its stacked reservoir objectives. This makes it a rare and compelling target for hydrocarbons, helium, and hydrogen. Whitebark’s executive director Richard King highlighted the low-cost nature of this exploration opportunity, describing the AU$7-8 million drilling cost as a “game changer” that could position the company as a leader in emerging clean energy resources.

Rig Market Engagement and Next Steps

Whitebark has already issued a Request for Information to the rig market and received multiple responses indicating availability for drilling in 2026. This positive feedback provides a degree of certainty around rig access, a critical factor in maintaining the planned timeline. Subject to regulatory approvals, the company aims to commence exploration drilling in the second half of 2026. The next phase will involve detailed drilling preparations and rig contracting to secure the necessary equipment and services.

Strategic Implications for Australia’s Energy Future

Successful exploration at Alinya could unlock a new province for hydrogen, helium, and hydrocarbons, enhancing Australia’s energy security and export potential, particularly to key Asian markets. The project aligns with broader trends toward clean energy and positions Whitebark as a potential pioneer in supplying alternative energy sources. The scale and prospective resource diversity of the Alinya Project underscore its strategic importance in the evolving energy landscape.

Looking Ahead

While the drilling plan is ambitious, it remains contingent on regulatory approvals and final rig contracting. The outcomes of the drilling campaign will be closely watched by investors and industry observers, as they will provide critical data on the prospect’s resource potential and the viability of Whitebark’s broader energy strategy.