At least they are doing what they said they would...Ophir calling the shots pleasing. Lots of anticipation up to the first results in September...
WHL Energy announced that the 1,528sqkm Junon 3D seismic survey has been completed. The specialist seismic acquisition vessel M/V Polar Duchess contracted by Ophir Energy, operator of the jointly held Seychelles exploration blocks is demobilising from the survey area. The survey has been completed with no reportable environmental or safety incidents. The company is carried up to US$17.0m through the acquisition and processing of the seismic survey by Ophir as part of Ophir's farm-in to the Seychelles acreage. The survey took 36 days which was in line with the 30-40 days estimated and within budget. The data will now be processed with an initial fast track processed data set expected to be delivered in September and a PreSTM processed volume in December 2014.
QFY Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
