Wednesday, 1 February, 2012 - 10:50
Juniors target oil and gas success against the odds
Several WA-based juniors are working to ensure they are the ‘next big thing’ in oil and gas.
WHL Energy Limited engaged in the exploration of oil and gas in east Africa. It owned a 100% interest in a Seychelles asset that covered an area of 21,426 square kilometers located in the shallow water area off the southern Seychelles coast.
The company was formerly known as Wind Hydrogen Limited and changed its name to WHL Energy Limited in June 2008.
In March 2017, the company ceased trading and was renamed Quantify Technology Holdings in the course of a reverse takeover deal.
Several WA-based juniors are working to ensure they are the ‘next big thing’ in oil and gas.
Perth-based oil and gas junior WHL Energy says it is looking for farm-in partners after being awarded a 100 per cent working interest in a highly prospective gas exploration block in Victoria’s Otway Basin.
WHL Energy has completed a capital raising worth nearly $8 million to fund exploration at its Seychelles gas acreage off the coast of Africa.The placement, which was priced at 4.4 cents per share, was supported strongly by international and Australian institutional investors, WHL said.
WHL Energy has attracted the interest of a global energy giant to explore a potential farm-in agreement covering the company’s Seychelles oil and gas assets.
Shares in oil and gas exploration company WHL Energy plunged in value today after a prospective partner pulled out of a $50 million-plus farm-in deal.WHL said its potential partner had withdrawn from further negotiations as it had been unable to formalise board approval.
Perth-based oil and gas explorer WHL Energy has appointed David Rowbottam as its new managing director.He replaces former WHL managing director Steve Noske, who resigned in August citing personal reasons.
Oil and gas explorer WHL Energy has appointed Faldi Ismail as a non-executive director, where he will serve as interim non-executive chairman following Trevor Benson’s departure from that role.
Oil and gas explorer WHL Energy has secured a one-off $US2.7 million loan from New York-based institutional investor Bergen Global Opportunity Fund.
Stuart Brown has been appointed to the WHL Energy board as the company looks towards transforming from an exploration company to a potential producer.
Stuart Brown has been appointed to the board of oil & gas explorer WHL Energy, replacing non-executive director Gary King who is relocating to the US.
Emerging Perth based oil and gas exploration company WHL Energy has signed a farm-in agreement with London-based Ophir Energy.
Emerging Perth-based oil and gas explorer WHL Energy has recorded an improved financial position, although still a loss, this half financial year.
WHL Energy has appointed Jeffrey Schrull to its board as a non-executive director.Mr Schrull was most recently managing director of Rialto Energy (now Azonto Petroleum).Before that he was general manager of exploration at Addax Petroleum.
WHL Energy non-executive director Jeffrey Schrull has resigned just five months after joining the board.Mr Schrull, who was formerly managing director of Rialto Energy, will be relocating to the east coast for business.
Oil and gas explorer WHL Energy has secured a $US4 million ($A5 million) funding commitment from New York-based Magna Equities to continue prospecting its African tenements.
Aleator Energy has appointed Brydie McKee as its chief executive officer and Angus Parker as chief technology officer.Gennady Varitsky has resigned as a director of the company. Mr Varitsky has been associated with the company since three years.
Peter Cockcroft has resigned as a director of Kairiki Energy. Steven Wood has resigned as a joint company secretary of WHL Energy.
Perth entrepreneur Mark Lapins is aiming to defy waning investor interest in tech startups, announcing plans for a backdoor listing that values his ‘internet of things’ firm, Quantify Technology, at $22 million.
SPECIAL REPORT: Nearly 70 WA-connected companies listed on the ASX in 2016, but current prospects indicate there will be substantially fewer this year.
WHL Energy has cleared the way to reinvent itself as a technology business after raising $5 million from investors ahead of its reverse takeover of Perth-based Quantify Technology.
Local entrepreneur Mark Lapins’ Quantify Technology has wrapped up its first day of trading on the ASX, after completing a reverse takeover of WHL Energy and raising $5 million from investors.
Perth business executive Steven Noske faces the possibility of a gaol term after being found guilty and convicted on one count of insider trading in takeover target Westside Corporation.
Perth company Quantify Technology Holdings says it has the potential to reap up to $30 million in sales a year through a new agreement with retailer Harvey Norman.
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