WHL Energy : Seychelles Seismic Acquisition Completed

WHL Energy Ltd

ABN: 25 113 326 524

Level 2, 22 Delhi Street

West Perth, WA 6005

P.O. Box 1042, West Perth

Western Australia 6872

T: +61 8 6500 0271

F: +61 8 9321 5212

www.whlenergy.com

• Seychelles 3D Marine Seismic Survey Completed

• On Time, Within Budget and Without a Reportable Incident

Australian energy company WHL Energy Limited (ASX: WHN) ("WHL Energy" or "the Company") is pleased to announce the 1,528 km2 Junon 3D seismic survey has been completed. The specialist seismic acquisition vessel M/V Polar Duchess contracted by Ophir Energy plc ("Ophir Energy"), operator of the jointly held Seychelles exploration blocks is demobilising from the survey area.

The survey has been completed with no reportable environmental or safety incidents. WHL Energy is carried up to US$17.0m through the acquisition and processing of the seismic survey by Ophir as part of Ophir's farm-in to the Seychelles acreage. The survey took 36 days which was in line with the 30-40 days estimated and within budget. The data will now be processed with an initial fast track processed data set expected to be delivered in September and a PreSTM processed volume in December.

The Junon 3D seismic survey is designed to mature a number of prospects for drilling on the Junon trend in the east of the Ophir Energy/ WHL Energy Seychelles acreage (Junon South, Junon East and Junon Central), an area high graded by WHL Energy's geological studies.

Mr David Rowbottam, WHL Energy's Managing Director, commented: "Good progress continues to be made with our Seychelles project with the completion of acquisition of the Junon 3D seismic survey, in a very short time period since Ophir assumed operatorship. The survey was completed without incident which is testament to Ophir's planning and operating capability. The Junon 3D dataset is expected to provide a high definition subsurface image of the Junon structures and provide a number of prospects from which to select for drilling. The company is looking forward to receiving the processed data."

Ends

FURTHER INFORMATION

T: +61 8 6500 0277 T: +61 8 9388 0944

E : contact@whlenergy.comE : colin.hay@ppr.com.au

About WHL Energy Limited

ASX-listed WHL Energy Ltd (ASX: WHN) is an oil and gas exploration Company focussed on East Africa and
Australia.
WHL Energy holds a 12,856 km2 exploration area offshore Seychelles, at 25% equity. A world class exploration portfolio and new exploration concepts are being matured in the acreage. WHL Energy has mapped a prospect and lead inventory containing at least 18 features. The company farmed in proven East Africa explorer, Ophir Energy plc as operator.
The high graded Junon leads will be matured for drilling with a 1500 km2 3D seismic survey in 2014. Additional new play concepts are being developed. Most structures identified to date are in < 50 m water with drilling targets at < 2000m depth, allowing for low cost drilling with a jack up rig.
WHL Energy also holds 40% equity in Exploration Permit VIC/P67 in the offshore Otway Basin, approximately
200 km WSW of Melbourne off the Victorian coastline. VIC/P67 contains the undeveloped La Bella gas field in proximity to the Victorian gas market, and several nearby exploration prospects. The La Bella 3D seismic survey was acquired in late 2013 to appraise the La Bella field and also firm up the exploration prospects. Initial results of the 3D seismic survey are encouraging and have identified structurally conformable amplitude anomalies associated with several of the key prospects.
The Company also holds 33.33% equity in exploration permit WA-460-P, in the offshore Southern Carnarvon Basin, which contains an extension of the very large Palta Prospect. A Shell led Joint Venture has recently drilled the Palta-1 well in the adjacent block which was subsequently relinquished in February 2014. WHL will review the Palta-1 well data and the forward strategy for WA-460-P.
The Company is also actively investigating growth opportunities in the wider East African region.

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