Perth-based oil and gas junior WHL Energy says it is continuing to receive unsolicited interest from international firms looking to farm into its Seychelles exploration acreage off the coast of Africa.
WHL said discussions with several potential suitors were continuing after recently closing its Perth-based data room.
The Seychelles acreage is located off the southern Seychelles coast off the coast of Africa, covering some 21,426 square kilometres of oil and gas exploration interests.
International petroleum consultant Netherland Sewell and Associates estimated a prospective resource of 3.45 billion barrels of oil for 21 of WHL’s most highly-ranked leads at Seychelles, comparing with WHL’s own estimate of 4.03 billion barrels of oil for the same leads.
At close of trade WHL shares had slipped 3.8 per cent, to trade at 5 cents.
