minelife report, page-8

Thanks crystal1 for your post re: Minelife Report. What i like about the report is the commentary at the end which says

Although WHL’s acreage is not yet at drill-ready stage, the comparison is very interesting and relevant.
Applying similar acreage values, WHL’s market value should be somewhere between $66 and $88 million.
Its market capitalization is $73 million, but this does not factor in any value for its recently advised Western
Australian acreage deal.
I currently maintain a Hold Recommendation on WHL Energy and the company remains one of our
core oil portfolio holdings.

Disclaimer: Gavin Wendt, who is a Financial Services Representative of Summit Equities Ltd ACN 097 771 634, and is a director of Mine Life Pty Ltd ACN 140 028 799, compiled this document.