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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Wham | LSE:WAM | London | Ordinary Share | GB00B0JG1P02 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 41.30 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7313X Wham Energy plc 01 February 2006 WHAM ENERGY COMMENCES SURVEY OF FURTHER NORTH SEA PROSPECT WHAM Energy plc ("WHAM" or "the Company"), the North sea specialist oil and gas exploration company, has appointed Monarch to contract a seismic vessel to undertake a geological survey on a further prospect that it has recently acquired in the Southern North Sea. WHAM currently has interests in nineteen blocks or part blocks on the UK Continental Shelf. The survey is the first stage in a two-year exploration programme designed to identify prospects at the Permian and Carboniferous levels. The survey will commence in June 2006 and it is anticipated that the block will be fully mapped by October 2006. The prospect area, Block 47/12, lies off the coast adjacent to the Humber estuary between the onshore Saltfleetby gas field and the offshore Amethyst gas field. The block was identified by WHAM in the 21st licence round held in 2003 as being prospective. WHAM Energy acquired a 90% equity interest in block 47/12 in October 2005 from GTO with a commitment to undertake a 2D seismic survey and drill one well in the event of identifying a prospective target. Tom Windle Chief Executive Office said, " This is excellent news for WHAM. Since our public listing in September 2005, WHAM has made encouraging progress in pursuing our strategy to acquire and explore a number of drillable prospects in the North Sea. " With the macro-current backdrop of uncertainty in the long-term supply of UK gas supplies and given the team's experience, we remain focused on delivering the potential from our prospects in the North Sea. To date, we have acquired four part blocks of which three were awarded to WHAM at 100% equity interest in the 23rd Licence Round. " Looking forward, the prospects for the Company are encouraging. We have recently achieved the status of offshore operatorship, which is a very significant milestone in our growth. WHAM is also currently in the process of finalising maps on high graded areas in our portfolio and, as anticipated has identified several attractive drillable prospects and a number of very interesting additional leads. With our exciting list of prospects and our team's proven track record and experience, we remain confident that we will deliver significant shareholder value for our investors." -ends- Date: 1 February 2006 For further information contact: WHAM Energy plc Tom Windle 020 7924 4464 cityPROFILE Simon Courtenay 020 7448 3244 This information is provided by RNS The company news service from the London Stock Exchange END MSCBBMRTMMAJBTF
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