May 31 (Reuters) - Whitebark Energy Ltd WBE.AX :
* HAS REACHED AGREEMENT TO INCREASE INTEREST IN WIZARD LAKE OIL DEVELOPMENT TO 50%
* WILL FUND 100% OF DRILLING COSTS OF NEXT TWO REX WELLS
May 31 (Reuters) - Whitebark Energy Ltd WBE.AX :
* HAS REACHED AGREEMENT TO INCREASE INTEREST IN WIZARD LAKE OIL DEVELOPMENT TO 50%
* WILL FUND 100% OF DRILLING COSTS OF NEXT TWO REX WELLS