Licence Award

RNS Number:4065T
Wham Energy plc
01 November 2005




                WHAM ENERGY ANNOUNCES NEW NORTH SEA LICENCE AWARD 
                          AND APPOINTS FINANCE DIRECTOR


Licence award

WHAM Energy plc ("WHAM Energy") the specialist North Sea exploration Company has
been awarded Operatorship of Southern North Sea block 47/12 under licence P1141.
The licence is an extension of a 21st Round Promote award originally made to GTO
Ltd. The Secretary of State has approved WHAM Energy Plc to exercise any
function of organising or supervising all or any of the operations of searching
or boring for petroleum in Block 47/12; subject to routine consents.

Under the terms of the licence WHAM Energy will have a 90% equity holding with
GTO Ltd retaining a 10% interest. WHAM Energy has undertaken a commitment to
acquire 500 kms of high-resolution 2D seismic data and drill one contingent well
at the discretion of the Department of Trade and Industry to test the Permian
Leman sandstones.

Appointment of Finance Director

WHAM Energy is pleased to announce effective 1st November the appointment of Mr.
Alan Thomas MBA FCA as its new Finance Director. Within the sector Mr. Thomas
previously worked for Kuwait Petroleum International in several senior finance
positions. He spent 18 years at stockbroker Kitcat & Aitken where he was partner
responsible for oil and gas sector research and associated corporate finance
work. Mr. Thomas is also chairman of the Oil Industry Accounting Committee and
has held several non-executive directorships in the sector.

Tom Windle, Chief Executive of WHAM Energy, commented

"I am very pleased to be able to make these two very positive announcements."

"Firstly, the acquisition of a 90% working interest in Block 47/12 fits closely
with our stated aim of pursuing acreage in the highly prolific Southern North
Sea gas basin. We originally identified this Block as being attractive during
the first 'Promote' licence round in 2003. At that time we did not have the
resources to make an effective bid. By joining with GTO we have now gained
access to the Block and achieved the additional milestone by being awarded the
status of operator by the DTI. Both fit with our developing strategy of becoming
a significant exploration company in the North Sea hydrocarbon province."

"Secondly, I am delighted to welcome Alan to the Board of WHAM. Alan brings a
wealth of experience in the industry. He has already contributed as a consultant
to the group over the past month and his input has been extremely valuable. Alan
will provide strong financial, accounting and strategic business skills to the
Company."

"Our focus remains on developing our portfolio of North Sea assets where we have
a number of significant leads. Action plans for each of assets have been
prepared, including plans to drill exploration wells as soon as possible. The
acquisition of Block 47/12 that we had previously identified as being attractive
and the appointment of a Finance Director are two positive steps to help us
fulfill our strategic goals."


Date: 1 November 2005

For further information contact:

WHAM Energy plc
Tom Windle                               020 7738 8730

cityPROFILE
Oliver Winters                           020 7448 3244

1. Block 47/12 was awarded 100% to GTO Ltd. in the 21st Licence Round as a
'Promote' licence. WHAM Energy was offered an opportunity to join with GTO Ltd.
in September of 2005 on the understanding that WHAM would become the operator
and satisfy the DTI of its ability and intention to explore the block within the
terms of the continuing second period of the Promote Licence. GTO Ltd. will
retain a 10% working interest.

3. WHAM Energy holds interests in licences covering 16 blocks on the UK
Continental Shelf and has recently been offered 3 further blocks in the 23rd
Round of Offshore Licences.

4. In being awarded licence P1141 as operator Wham Energy plc has gained the
approval of the DTI and Secretary of State to exercise any function of
organising or supervising all or any of the operations of searching or boring
for petroleum in Block 47/12; each oil/gas survey and the drilling of each well
are subject to a requirement for specific consent.

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




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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