This question is a little left field but I thought I'd put it...

This question is a little left field but I thought I'd put it out there. The question comes from an article I read about whl energy back in 2009. The hype sounded fantastic for the company, huge oil and gas finds in the USA!!!!

I just really hope this jv is for real!!!!! Not all hype like out USA play!!

My question is....what the hell happened to this????....

Shares in WHL Energy surged after the company reported significant oil resources at its Kansas CBM project in the United States.

The energy company, which is engaged in the development of properties in the United States for oil and natural gas production, said the operation had 110 billion cubic feet of recoverable natural gas.

There was also in excess of 5000 acres of good quality oil reservoirs that have produced over 1.5 million barrels historically, the company said.

Advertisement: Story continues below
Shares in the company jumped 4.1 cents, or 71.93 per cent, to close at 9.8 cents.

"WHL Energy has further delineated significant oil reservoirs that have been overlooked and prematurely shut-in by previous operators," the company said.

WHL chief Dr David Kahn said he was "extremely pleased" by the outcome of the discoveries.

"This discovery provides a significant reserve base to WHL Energy that was not expected during our initial due diligence phase in Kansas," Mr Kahn said.

"This has provided the company the ability to take advantage of both rising oil and gas prices, whilst still staying within our stated goals of acquiring low-cost, near-term production opportunities in the US oil and gas market."