Australian energy company WHL Energy Limited (ASX: WHN) (“WHL Energy” or “the Company”) advises that the Company has agreed to grant an extension to Tap Oil Ltd (“TAP”) for the election date of the seismic option to acquire a 10% interest in exploration permit VIC/P67, until the close of business 13 February 2015.
During October 2014, WHL Energy Limited commenced a farm-out process for VIC/P67 to seek partners through the exploration drilling phase while retaining meaningful exposure to the permit. A data room was opened and strong interest was received from a number of pre-qualified companies, the Company remains in discussions with several companies regarding a potential farmin.
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