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seychelles farm in agreement with ophir energy, page-3

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    Highlights:
    ? Agreement reached for Ophir Energy to farm-in to 75% of WHL Energy’s Seychelles Project interest

    ? Ophir Energy to fund 1,500km2 of 3D seismic

    ? Option to fund a further 1,000km2 of 3D seismic and 90% of first exploration well following data evaluation

    ? WHL Energy to initially receive US$4 million of past costs and US$2 million following take up of the drilling option
 
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