just another "fairy floss" announcement, page-20

sam ,shell had booked NCB for oz waters 15 months ago.
in my files at home i had three major contenders for shell to drill palta well.one other is is brunei sublet to them from total i think.
Shell have the NCB booked to jan 2015.

Australia Semisubmersible (1)
Noble Clyde Boudreaux (a)
F&G 9500 Enhanced Pacesetter
1987/2007
10,000'
Australia
Shell
Early Oct 2012
Late Jan 2015
417
Eligible for a maximum of 17% performance bonus. Rig incurred 13 days of operational downtime at zero dayrate in 4Q2012, with no additional downtime since the December 6, 2012 Fleet Status Report.

as for the fluffy announcement sandy.read again.

WHL Energy’s Managing Director, Steve Noske, said “industrial consumers’ concerns of a looming
domestic gas shortage and reports that gas prices on the eastern seaboard are about to increase
significantly has been raised in recent discussions the Company has had with potential partners.  
The Company also continues to work with technical consultants completing engineering studies
that will provide a valuation on the estimated gas and condensate reserves associated with the La
Bella development in VIC/P67.  Initial modelling using conservative estimates for future commodity
pricing provides estimated life of project revenues in excess of A$1.0bn for the development of a
150 Bcf recoverable resource.
“This ‘gas crisis’ has certainly opened up fantastic opportunities for companies like WHL Energy that
have proven gas assets.    This certainly has being reflected in the increasing interest we have
received from potential farminees and joint venture partners,” Mr Noske said.
“While WHL Energy has received non-binding farm-in and Joint Venture offers from some individual
organisations active in the area it has elected not to pursue these offers at this time as the
Company believes there is significant upside in the VIC/P67 asset pending the outcome of the
planned seismic activities in the permit.

there are offers on the table.therefore can take jv anytime though the offers are NON-BINDING.

FAIR VALUE ,that is what management have set on the assets.

fair call Steve.bought more whnoa on the drop.thanks for kicking the tyres sandybeaches.
watch out for the stoploss push guys
wg