ZMM 8.33% 1.1¢ zimi limited

la bella timeline

  1. 1,845 Posts.
    worth keeping an eye on the progress.

    ASX/MEDIA RELEASE 23 JANUARY 2013
    “While WHL Energy hasreceived non-binding farm-in and Joint Venture offersfrom some individual
    organisations active in the area it has elected not to pursue these offers at this time as the
    Company believes there is significant upside in the VIC/P67 asset pending the outcome of the
    planned seismic activitiesin the permit.

    ASXANNOUNCEMENT/MEDIA RELEASE 4 March 2013
    ? Upgraded “La Bella” data room re-opened for potentialfarm-in partner

    ASX RELEASE 3 April 2013
    ? Farm-out data room open

    The Company has also commenced marketing discussions with potential buyers.

    “To this end, we are proceeding with the commercialisation of the resource and have updated the
    data room with the latest detailed technical work. WHL Energy is seeking companies to participate
    in the upcoming 3D seismic and exploration drilling campaign.”
    Mr Noske said “a decision on what form a farm-out agreement may take and how much equity
    WHL Energy may retain; will be finalised during the farm-out negotiation process.”

    ASX/MEDIA RELEASE 16th April 2013
    We have formally started a new farm out initiative and that's based on
    this robust information and data that we have, and we have a good level of
    confidence that it will conclude and we're starting see that. So we're in
    discussions with several parties, we're also in discussions with gas buyers and we
    look forward to being able to update the market. So the market should look
    forward to what I'd hope to believe is a news on a farm out in the medium term.
    end;;;;;;;;;;;;;;;;;;;;;;;;;;;;;

    has been open for some time with renewed updates and been in discussions all the time.working a fair value deal.
    gas buyers now in the mix.

    MEDIUM TERM,??

    finances in place for 3D anyway it falls.

    wg

 
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