WAM Wham

RNS Number:9037H
Wham Energy plc
22 August 2006



                        WHAM ENERGY ANNOUNCES 3D SURVEY
                             OF NORTH SEA PROSPECT


WHAM Energy plc ("WHAM" or "the Company"), the North Sea oil and gas exploration
company has announced its intention to contract a specialist 3D survey of one of
its major prospects in the North Sea.

Together with its joint venture partners in Licence P1245, Canadian oil and gas
group Ithaca Energy Inc., WHAM has contracted Petroleum Geo-Sciences ("PGS") to
conduct a detailed 3D seismic survey over the blocks 48/3a and 48/4, located in
the Southern North Sea. The survey will commence later this month.

The survey will take approximately one month to complete and will be fully
processed by the end of the first quarter of 2007. The survey will infill a data
gap and provide the group with state of the art 3D data covering the whole
licence.

The gross cost is estimated at #3.0 million GBP, of which #1.2 million GBP will
be attributable to WHAM.

Tom Windle CEO of WHAM said,

" This is another milestone in the process of exploration of license P1245 in
the North Sea. Detailed mapping of the existing 2D and older generation 3D
seismic data has revealed a number of gas prospects and leads on these very
attractive southern North Sea blocks.

" This state of the art 3D survey will ensure that the best prospects are
explored through the drill bit and also provide a way forward for fast track
development. This may lead to additional exploration drilling. We are very
excited to be able to conduct this highly cost effective survey with PGS. We
believe that acquiring this new seismic data will reduce risk and further
enhance our inventory of high quality prospects.

" Crucially it will allow us to fast-track any potential developments and thus
significantly reduce the cycle time from exploration to production."

                                     -ends-


Date: 22 August 2006

For further information contact:

WHAM Energy plc
Tom Windle                                 020 7924 4464

cityPROFILE
Simon Courtenay                            020 7448 3244


Notes to editors:

Blocks 48/3a and 48/4 lie in the highly prolific Southern North Sea gas basin.
The acreage was awarded to the group (Ithaca Energy 60% and WHAM Energy 40%) in
November 2003.

WHAM Energy plc is an AIM listed company. Further details are available on
the Company's website: www.whamenergy.com



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
MSCDGGZRFMGGVZM

Wham Energy (LSE:WAM)
Graphique Historique de l'Action
De Jan 2025 à Fév 2025

Wham Energy (LSE:WAM)
Graphique Historique de l'Action
De Fév 2024 à Fév 2025