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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:9037H Wham Energy plc 22 August 2006 WHAM ENERGY ANNOUNCES 3D SURVEY OF NORTH SEA PROSPECT WHAM Energy plc ("WHAM" or "the Company"), the North Sea oil and gas exploration company has announced its intention to contract a specialist 3D survey of one of its major prospects in the North Sea. Together with its joint venture partners in Licence P1245, Canadian oil and gas group Ithaca Energy Inc., WHAM has contracted Petroleum Geo-Sciences ("PGS") to conduct a detailed 3D seismic survey over the blocks 48/3a and 48/4, located in the Southern North Sea. The survey will commence later this month. The survey will take approximately one month to complete and will be fully processed by the end of the first quarter of 2007. The survey will infill a data gap and provide the group with state of the art 3D data covering the whole licence. The gross cost is estimated at #3.0 million GBP, of which #1.2 million GBP will be attributable to WHAM. Tom Windle CEO of WHAM said, " This is another milestone in the process of exploration of license P1245 in the North Sea. Detailed mapping of the existing 2D and older generation 3D seismic data has revealed a number of gas prospects and leads on these very attractive southern North Sea blocks. " This state of the art 3D survey will ensure that the best prospects are explored through the drill bit and also provide a way forward for fast track development. This may lead to additional exploration drilling. We are very excited to be able to conduct this highly cost effective survey with PGS. We believe that acquiring this new seismic data will reduce risk and further enhance our inventory of high quality prospects. " Crucially it will allow us to fast-track any potential developments and thus significantly reduce the cycle time from exploration to production." -ends- Date: 22 August 2006 For further information contact: WHAM Energy plc Tom Windle 020 7924 4464 cityPROFILE Simon Courtenay 020 7448 3244 Notes to editors: Blocks 48/3a and 48/4 lie in the highly prolific Southern North Sea gas basin. The acreage was awarded to the group (Ithaca Energy 60% and WHAM Energy 40%) in November 2003. 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 END MSCDGGZRFMGGVZM
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