ZMM 0.00% 1.9¢ zimi limited

palta 1 valuation up to 550m if successful, page-3

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    link now on whn as well

    http://www.whlenergy.com/IRM/Company/ShowPage.aspx/PDFs/1409-88516304/RFCAmbrianSubSaharanOilandGas

    We have ascribed no value to WA-460-P, as little work has been done
    on the prospect to date. Although we estimate (using US$4/boe) that
    WHL‘s interest in this licence could be worth ~US$550m should Shell‘s
    Palta-1 well be successful and WHL management‘s estimate of 2.5Tcf
    of gas extending into WA-460-P prove correct.
 
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