WHAM Energy Awarded New North Sea License

WHAM Energy has been awarded operatorship of Southern North Sea block 47/12 under license P1141. The license is an extension of a 21st Round Promote award originally made to GTO Ltd.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 organizing 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 license 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.

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