Factorthis,Ian must be a Kiwi.
But apart from the spelling you cant really blame the commpany for the share price drooping lately. Oil at lowest price for 8 months yesterday- the market,generally, has been toast.
Cant be long before the driving season gets underway over there. They might even have this well in production to pick up some quick cash.
WHL Energy Ltd (ASX:WHN) advises that drilling of the Underwood #6-20 well successfully reached
total depth on Wednesday 4th May 2010.
Logs were completed showing the well intersected the target Cattlemen Sand at a depth of 209 feet
which was determined to be the top of the targeted sands.
The log data showed oil with excellent log and core characteristics from 209 to 239 feet.
The Cattlemen sand contains 20 feet of rock from which oil and gas is expected to be produced in
commercial quantities, with an associated porosity of 19%
The well is now being cased and will be completed for primary oil production.
Yours Faithfully,
Ian Mitchell
Company Secretary
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