re: Ann: Light Crude Oil Seeps Identified In ... Merchant,Just...

re: Ann: Light Crude Oil Seeps Identified In ... Merchant,

Just did a quick search and by the looks of things WOF owns at least 25% of the polish projects (could be up to 40%?).

It was an earn-in-agreement in total worth $9.5m for 75% of the polish company (initially $3.5m for 55%). So based on this transaction WOF's polish assets could be worth a million or two if they can get a buyer?

http://www.asx.com.au/asxpdf/20110328/pdf/41xplbwhcmm9bj.pdf

I havent read the annual report yet but should be something there about it