Read the AWE Good Oil Presentation, page-2

Hi Mon.

"In my view if AWE pull out, so too will TAP and then WHL will be left to drill 2 wells in 2015 with no money to do it."

There would never be the intention or the ability for WHN to drill wildcat wells offshore if the AWE deal fell through, it's either find other partners, If not on sell the leases if possibe or let them lapse. There is no way WHN could find lenders or even be able to service the costs of offshore wells.

The only way microcaps can survive with offshore leases is to do what WHN is doing , that is first get then cheaply, promote and farmout, then hope for a discovery by their JV partners (preferably big )and either sell out or farmout further to a stage they could manage, perhaps down to 5%.

If they did have a big find, especially with oil, it can work out very well indeed but untill reserves are proved it's just sit and wait.

Cheers Whisky