does hc have a tool of the year award, page-2

I have no doubt the report will highlight how East Africa is the new oil and gas frontier, with comments such as:

East Africa used to be regarded as an oil industry backwater, a poorer relative to the continent's resource-rich north and west. That's changed over the past 12 months as majors and independents invest hundreds of millions of dollars in exploration and compete to snap up licences on the continent's last hydrocarbon frontier.

"It's early days but there is big potential for growth in east Africa, even if it's highly speculative exploration stage in nature" says Alex von Sponeck, head of emerging markets debt at Goldman Sachs. "Investors want to diversify away from some of the more mature producing regions and there just aren't that many [opportunities] left out there. Parts of east Africa are some of the last uncharted oil and gas regions".

Then it will detail the specific potential of the Petroquest leases. Such as:

Jurassic/Triassic sourced oil in Coevity water well, indicating that the source system (also seen in Madagascar, Tanzania) extents, to the Seychelles, from at least the AMOCO wells in the NW some 300km to the SE. IE as big as North Sea, UK source kitchen, for example



.Frontier Gondwana type rift basins
.Recognised petroleum systems
.Potent & regionally extensive source kitchen
.Active seeps and visible DHI's
.Scope for huge oil fields
.High porosity Triassic and Lower Jurassic reservoir sands
.Upper Cretaceous sands and Tertiary Carbonate reservoir possibilities
.Attractive fiscal rates
.Stable government/legal system

Then it will compare WHN to other oilers in the region. It will show bar charts showing how much potential oil it has compared to other companies and how low its market cap is compared to those companies.