Drilling Update

RNS Number:7906S
Wham Energy plc
18 October 2005




                       DRILLING UPDATE - PROMETHEUS WEST

WHAM Energy has completed drilling of its first exploration well in
the Prometheus prospect 42/21-1 Licence P1132. The well was drilled by Centrica
Resources plc into the Carboniferous to a depth of 8394 feet True Vertical Depth
Sub Sea. Current indications suggest that hydrocarbons are not present in
commercial quantities in the target Rotliegende and Carboniferous reservoir
horizons. The well was drilled at no cost to WHAM Energy and is in the process
of being plugged and abandoned.

WHAM's Chief Executive Officer, Tom Windle expressed disappointment that the
well did not find a productive reservoir in the targeted zones, commenting:

" Future plans for the licence will be developed in light of information learned
from this well. This well is the first of a series of prospects that WHAM Energy
plans to drill in the next two years.

" With our recent 100% equity 23rd Round awards, we have fifteen licences
covering 18 part blocks in the North Sea and a growing portfolio of attractive
prospects and leads. It is our intention to evaluate these licences and develop
a plan to drill the most attractive prospects as soon as possible.

" We have recently recruited some very experienced geoscientists and this will
allow us to accelerate our work program and pursue additional opportunities."

Date: 18 October 2005

For further information contact:

WHAM Energy plc
Tom Windle                               Office: 020 7738 8730
                                         Mobile: [phone]
cityPROFILE
Oliver Winters                           020 7448 3244

1. WHAM Energy holds a 20% interest in UK Offshore Licence P1132 containing
Blocks 42/21 and 42/22. Other participants in the licence are Centrica Resources
Limited (Operator) (40%), Endeavour Energy Limited (22.5%), Antrim Resources
(NI) Limited (17.5%).

2. Licence P1132 was originally acquired  as a Promote Licence in the 21st Round
of UK Offshore Licence awards by WHAM and Antrim in October 2003 and was
converted to a traditional licence in September 2005.

3. WHAM Energy holds interests in licences covering 15 blocks on the UK
Continental Shelf and has recently been offered 3 further blocks in the 23rd
Round of Offshore Licences.

4. WHAM Energy plc is an AIM listed company. Further details are available on
the Company's website: http://www.whamenergy.com/



                      This information is provided by RNS
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