brr update, page-11

Evening folks.

As some will be aware I was attracted to WHN through a very good article highlighting WHN's more than capable and professional management team.

I was surprised at the resiliance and support of the SP at the time, and bought in with the hopes of a great 2D result.Was surprised at the lack of activity after WHL's release of interpretation, miffed at why NSAI were doing it now and sceptical at the estimate decrease of 13 billion barrels to 5 billion (even sounds silly typing it out). Sold with 30% gains. Was I happy and content and proud of myself, certainly not.

What we have here, imo, is a possibility to be part of something special. Will the 2D conformation be crucial? Yes, but not to the extent I was expecting.I am relatively new to O&G stocks, which is part of the attraction, and am learning alot on the WHN forum-thanks guys! What is important, and what this team is aiming for, is farm-out before end of year.THis will re-rate WHN, imo, significantly. Good time to speculate at these levels, imo, and try and free carry after farm-out, when the real risks with drilling etc appear.

There is alot of unknown with this area(hence the keen interest of big boys) of the globe as a far as oil exploration is concerned, and there are not many areas left like this on the planet.The initial signs are good
and I will be following the process keenly.I am fully aware of promises of JV partners and the delays that can present(SDL holder).On the downside we may be looking at CR to do 3D before farm-out but that depends on the risk competion are willing to take, and the fear of missing out on something possibly HUGE.

The market is dubious at these times with global issues reducing appetite for risk.WHN will continue on its way with cash on hand to proceed for some time.Finding oil will take no prisoners no matter the economic climate.We have time on our side.

First I hope for partner, then I will hope for finding some oil, but by this time SP will be multiples of what it is now, imo.

WHN has become more and more popular, both with traders and investors, evidenced here on HC, and in the media. These are all little steps necessary to make all aware of a possible new up and comer, imo, with the current experienced management proficient in this area of investor relations.There will be may rampers any quite a few doubters, all ingredients necessary to bake this cake.

I was pleased with my initial gain, but was missing the bigger picture of why I invested in the first place, the chance to be part of something challenging and new, risky and exciting, being prepared to have the patience to wait for farm-out, which, imo, will set this coy up for exciting times in the short to medium term , and who knows what in the longer term.

Good luck holders.