Highlights:
- Farm-out of 75% interest in Seychelles project to leading African explorer and developer Ophir Energy;
- Deal valued at US$64M to WHL Energy if fully taken up;
- WHL Energy will initially receive US$4M for past costs;
- First 3D seismic survey fast tracked for acquisition over specific targets in Seychelles JV Project area;
- Initial assessment from La Bella 3D seismic survey provides encouraging results;
- Fully processed seismic volume data to be available early in Q3;
- Highly qualified Non-Executive Director appointed to the Board;
- Unmarketable parcel “sale” successfully completed.
Australian energy company WHL Energy Limited
(ASX:WHN) (“WHL Energy” or “the Company”) is pleased to report on its activities and operations for the quarter ended 31 March, 2014.
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