article

30/5/12

Part of an article today. Quite positive.


WHL Energy Limited (ASX: WHN) has transformed itself into a growing international oil and gas explorer since the acquisition of its flagship Seychelles offshore oil and gas permits in October 2010.

The company’s market capitalisation has mirrored this transformation, soaring from A$6 million when it made the Seychelles acquisition, to the current A$66 million.

More recently WHL Energy has garnered institutional support for the development of its Seychelles assets that has matched the continuing growth in global interest in East Africa’s petroleum prospectivity.

In addition, the company has grown its portfolio through the acquisition of quality Australian assets in the offshore Carnarvon and Otway basins

http://www.proactiveinvestors.com.au/companies/news/29436/whl-energys-seychelles-permits-confirmed-to-have-world-class-multi-billion-barrel-oil-potential-29436.html