dj recomended buy 7/1/11

Wildhorse Energy Ltd (WHE)
Recommendation: Spec. Buy
WHE is an ASX listed energy company with
uranium and UCG (Underground Coal
Gasification) projects located in Hungary. The
company have announced an increase in its
JORC uranium resource at the Mecsek Hills
Uranium Project of 117% over the previous
estimate, bringing total Inferred resources to
65m lbs at an average grade of 760ppm U3O8.
We maintain our Speculative Buy
recommendation on WHE following the
announcement and use the updated estimate
as a further basis for our short to medium
term price target $0.89 per share.