WHL Energy Fast-tracking Activities at La Bella Gas Field

Australia’s WHL Energy has closed the tenders for the acquisition of 811 sq. km of 3D seismic over the VIC/P67 permit, which contains the La Bella gas and condensate field discovery in the Otway Basin off the Victorian coast and substantial near field exploration potential.

The Company has elected to bring forward the 3D seismic acquisition program by almost 12 months due to the strong industry interest in the VIC/P67 asset.

WHL Energy will now assess the tender proposals for the acquisition and processing of data over VIC/P67 with the aim of awarding a contract in approximately 90 days and commencing the acquisition program in April 2013, subject to regulatory environmental approvals.

“From the time it was announced that we had successfully bid for VIC/P67 which includes La Bella, earlier this year, we have been approached by leading international and local companies about the potential to participate in this highly valuable block,” Steve Noske, WHL Energy’s Managing Director said.

Company is beginning the official farm-out discussions from next month, with a number of well-credentialed companies already signalling their interest in participating.