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Whitebark Energy Ltd (ASX:WBE)

ALERT: Price-sensitive ASX Announcement for WBE
Current share price for WBE : $0.008 0 (0%)+
Announcement
Release
8 Dec 2025 1:42PM
Price at Release
$0.008
Full Release
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Summary
Whitebark Energy Ltd (ASX: WBE) announced the appointment of Nik Sykiotis as its new Chief Executive Officer, effective immediately. Previously the Chief Operating Officer at Whitebark, Nik Sykiotis has over 15 years of experience in the upstream oil and gas industry, with a background in both exploration and development. The Board believes his strong operational background and leadership capabilities will guide the company through its next growth phase. His role includes a fixed remuneration of $250,000 per annum, with potential short- and long-term incentives based on performance. The company is focused on energy projects in South Australia's Officer Basin and the Warro Gas Field in the Perth Basin, aiming to leverage Nik's expertise to execute its strategy amidst Australia's evolving energy landscape.
Key Points
  • Nik Sykiotis appointed as CEO, effective immediately.
  • Nik Sykiotis previously served as Chief Operating Officer.
  • He has over 15 years of industry experience with companies like Chevron and Beach Energy.
  • Fixed remuneration set at $250,000 per annum, including superannuation.
  • Potential to participate in short-term and long-term incentive plans.
  • Incentives are performance-based and subject to ASX Listing Rules.
  • Whitebark Energy focuses on projects in South Australia's Officer Basin and the Warro Gas Field.
  • The company is committed to energy transition themes like natural hydrogen, helium, and hydrocarbons.
  • The Board expresses confidence in Nik's leadership for future growth.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.