whno oppies, page-3

IMO I think many here are quite delusional. The recent announcements seem to be clear there is an expectation from farm-in partners that the targets are not mature enough and additional seismic is required. I think the best we can expect at this stage is a sharing of seismic costs for an option by one of the partners. This is not going to puff the SP enough to see the oppies in the money.

As a lucky coincidence a newsletter promoted the stock which has allowed WHN to raise funds in the 4's instead of the 3's. With the extra stock on issue is going to be harder to get to a SP of 7.5 cents (requires an extra $10 mil MC on top of what was required prior to CR). (Note: the news letter has a 3 year time frame on expectation of exceptional profit and has a recommendation of stops at something like the mid 2 cent mark)

Not withstanding any left field action from Otway basin or Palta. Give it an outside chance.