Highlights:
- Seychelles Government approves Ophir Energy farm-in;
- WHL Energy to receive initial US$4 million payment for past costs;
- JV now looking to potentially fast-track 3D seismic acquisition programme.
Australian energy company WHL Energy Limited
(ASX:WHN) (“WHL Energy” or “the Company”) is pleased to announce that the Republic of the Seychelles has signed formal documentation approving Ophir Energy plc’s (“Ophir”) previously reported* farm-in to WHL Energy’s large offshore Seychelles exploration position. Under the agreement Ophir is farming-in to earn a 75% interest in WHL Energy’s offshore Seychelles petroleum exploration project area.
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