Cyrstals quote 2 seems quiet clear to me refers to the new acquisition (W10-25), which is in WA not Seychelles. Cyrstals words are nearly verbatim out of the WHN company ann. (20 Oct 2011):
"W10-25 is interpreted to cover in the order of 20% (2.5 tcf) of the 13.3 tcf Palta prospect that straddles exploration license WA-384-P in which Shell holds a 100% interest. Shell has recently received approval to drill the Palta-1 exploration well in WA-384-P with drilling expected to commence in late 2011 / early 2012. If the offer is accepted, this will provide WHL Energy shareholders with exposure to a high impact near term exploration well. "
QFY Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
