Australian energy company WHL Energy Limited (ASX:WHN) (“the Company”) is pleased to advise the release of the following research report from Phillip Capital Limited, titled “WHL Energy Limited (WHN) - Australian gas and Seychelles oil – company making plays.”
Key Points
- WHN has secured farmouts of its offshore Otway La Bella gas resource in Vic/P67 to AWE and Tap Oil to access up to US$12m for 3-D seismic program. This boosts chances that appraisal well program can begin and WHN can become a producer by the joint venture developing the 114PJ 2C contingent resource to sell into a rising Eastern Australian gas market. Vic/P67 also has exploration upside · WHN is seeking a farminee to its 100% owned offshore Seychelles permits with 3 bn bbl prospective oil resource.
- WHN obtained a Period 2 work program extension from the Seychelles Government - until 31 Jan 2014 to obtain a farm-in partner and acquire 3D seismic drill by July 2015.
To view Research Report please download PDF below:
