Guys,
I am as pissed as the rest of you in regards to announcements and information, but sometimes there is need for confidentiality with things like this.
Let's not forget how amazing steve was all of last year with BRR interviews and announcement regarding our acreage. Let's not lose faith because of something we have no idea about.
I have the absolute most respect for Steve and the crew and let's face it, if we all didn't have faith we wouldn't have invested.
He has been on the other side of the table with his previous employers and knows this game back to front. That's why we're paying him $220,000 a year. So he provides us with a farm out and successful long term goal and plan as to how we develop the seychelles.
As far as i can tell, this announcement isn't labelled price sensitive, so it doesn't contain any new information.
I really like the emphasis on the seychelles and how important to our business it is..
"The Company actively pursued the buyback for a number of strategic reasons, including the
strengthening of the Company’s Seychelles farm-out position"
"WHL Energy announced it had relocated its corporate and registered office to West Perth to
accommodate additional technical staff focused on the farm-out campaign involving the Seychelles acreage"
"WHL Energy’s activities in the second half of 2011 was dominated by its continued development of the prospects and
leads inventory in its large exploration holdings located off the coast of the Republic of Seychelles"
There is serious direction and focus on the Seychelles at our company and there still is. Just because steve can't go on radio and mention the names, doesn't mean he doesn't have one mother of an announcement ready to come when the time is right. In all honesty, I think most of the negotiations are complete, but you can see that they talk of unsolicited interest a lot in their announcements, which i think it what is causing the delays..
"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.
The Company has also received unsolicited interest in its Seychelles acreage and those discussions continue."
In closing i'd like to say that we have to trust those who we put our trust in to run the company. Be patient and remember that just because we can't see it, doesn't mean it isn't there..
Cheers,
Chris
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