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