Ann: Half Year Accounts , page-7

lvs agree with you but re-read paying attention to the comma's
full stops and new paragraphs.


As at 31 December 2011, the Company had $3.672m cash on hand and no short or long term borrowings.

At year end a total of 30 leads had been mapped with a total mean prospective resource of 5.8 billion barrels.

The WHL Energy data room closed towards the end of the December 2011 quarter and the Company commenced
commercial discussions with potential partners to secure an acceptable farm-out for the Company. WHL Energy has
continued those discussions.

...........who wants the acreage...?
''
The Company has also received unsolicited interest in its Seychelles acreage and those discussions continue.''

Release area WA-460-P is
located 70 km west of Cape Range and lies adjacent to the Shell exploration permit WA-384-P in which the Palta-1 well is planned to be drilled in 2012. This provides WHL Energy with near-term leverage to a high-impact oil and gas exploration well to be drilled by an international oil and gas major.
drilled by an international oil and gas major...duh

............the future...?
New Gazettal Acreage
The Company lodged a further application for additional Australian offshore acreage; the target of the application was
released as part of the 2011 acreage release. The Company seeks to focus on opportunities for gas assets in the
Australian southern margin with potential access to the east coast gas market.
The Company believes the acreage applied for has the potential to be commercialised as early as 2015/2016. WHL
Energy expects to be notified during the first half of 2012 if it has been successful. The Company continues to look for further partnering alliances that would provide for near term production.

hi mikey
to announce a farm-in with minimum $$ amount
10c for 10 days until december 2012
oppies end of june.7.5c + purchase price = sp of ......your call.

SHELL who are legendary for secrecy may still come into play prior to oppies expiring.60 day drill timeframe for palta 1.

wg