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ZIMI LIMITED — Capital/Financing Update 2013
Sep 10, 2013
66122_rns_2013-09-10_d704bdd3-2186-43af-9645-e5b82362ceae.pdf
Capital/Financing Update
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WHL Energy Ltd ABN: 25 113 326 524 Level 2, 22 Delhi Street West Perth, WA 6005 P.O. Box 1042, West Perth Western Australia 6872 T: +61 8 6500 0271 F: +61 8 9321 5212 www.whlenergy.com
ASX/MEDIA RELEASE 11 September 2013
WHL ENERGY RECEIVES SUPPORT FOR
SEYCHELLES WORK PROGRAMME EXTENSIONS
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Strong working relationship continues with Seychelles Government
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Work programme amendments to be tabled for consideration by PetroSeychelles Board
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Discussions with potential farm-in partners ongoing
Following recent successful meetings in the Seychelles between company executives and senior Government and PetroSeychelles officials, Australian energy company WHL Energy Limited (“ ASX:WHN” ) (“ WHL Energy ” or “ the Company ”) is pleased to report it has received confirmation from the Seychelles petroleum industry regulator PetroSeychelles, that WHL Energy’s proposed amendments to the Amended and Restated Petroleum Agreement will be submitted for consideration by the PetroSeychelles Board in early October.
The proposed extension to the work programme commitments, include an extension to recently agreed amendments for a proposed 3D seismic acquisition programme.
“The meetings held between the Company with PetroSeychelles and the Seychelles Government and collectively continues to work together to achieve timely exploration drilling in the Seychelles, supported by the appropriate technical work,” reported WHL Energy Executive Director, David Rowbottam.
“Following the successful meetings in the Seychelles we have renewed our farmout campaign of the Seychelles and are currently in discussions with potential farminees” said Mr Rowbottam.
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FURTHER INFORMATION Shareholders/Investors: Media contact: David Rowbottam Colin Hay WHL Energy Ltd Professional Public Relations T: +61 8 6500 0277 T: +61 8 9388 0944 E: [email protected] E: [email protected]
About WHL Energy Limited
ASX-listed WHL Energy Ltd (ASX: WHN) is an oil and gas exploration Company focussed on East Africa.
The Company’s “flagship” project is its 17,345 km[2] exploration area offshore Seychelles, owned 100% by WHL Energy. A highly material exploration portfolio and new exploration concepts are being matured in the acreage based on new seismic data and an exploration drilling programme.
In-depth work by WHL Energy has to date identified an initial inventory containing ten, approximately 200 million barrel plus potential targets, which is being expanded to quantify the potential in emerging concept areas.
Further work to develop the leads and targets may include 3D seismic acquisition and geological studies.
Most structures identified to date are in < 50 m water with targets at < 2000m, allowing for conventional drilling with a jack up rig.
WHL Energy also holds 100% equity in Exploration Permit VIC/P67 in the offshore Otway Basin, approximately 200 km WSW of Melbourne off the Victorian coastline. VIC/P67 contains the undeveloped La Bella gas field in proximity to the Victorian gas market, and several nearby exploration prospects.
The Company in addition holds 33.33% equity in exploration permit WA-460-P, in the offshore Southern Carnarvon Basin.
The Company is also actively investigating growth opportunities in the wider East African region.