the new lease is in victoria.

WHL ENERGY OFFERED READY TO DEVELOP OFFSHORE VICTORIAN GAS FIELD
Highlights:
? Multiple infrastructure paths to commercialisation with the Company targeting revenue in early 2016.
? Immediate booking of 2C contingent resource of 158 PJ gas and 1.2 mmbbls condensate.
? Total 2C contingent plus prospective resource of 668 PJ gas and 4.9 mmbbls condensate
? WHL Energy to hold 100% equity in high profile block with strong industry interest already received.
WHL Energy Ltd (ASX: WHN) (“WHL Energy” or “the Company”) is pleased to announce that the Commonwealth – Victoria Offshore Petroleum Joint Authority has offered the Company the 2011 Australian Acreage Release block V11-2, which contains the La Bella gas field and several offset gas prospects and leads.
The Company has formally resolved to accept the offer and the block is expected to be gazetted in the next 2 months. Release block V11-2 lies in the offshore Otway Basin, approximately 200 km WSW of Melbourne off the Victorian coastline, WHL Energy will hold 100% equity in the block.

WHL Energy understands that there were multiple bidders for the block and it has commenced farm-in discussions for the permit area after having previously received an early, formal farm-in offer for the block (subject to WHL Energy being awarded the acreage).
It is the Company’s belief that the V11-2 release block was of considerable interest to the oil and gas industry given its proximity to existing development infrastructure, including the Santos operated Casino development, the Origin operated Otway gas project, the BHPB operated Minerva development and TRU Energy Iona gas plant.

There is more, have to fly..