WAM Wham

RNS Number:7313X
Wham Energy plc
01 February 2006


                                      
                        WHAM ENERGY COMMENCES SURVEY OF
                           FURTHER NORTH SEA PROSPECT


WHAM Energy plc ("WHAM" or "the Company"), the North sea specialist oil and gas
exploration company, has appointed Monarch to contract a seismic vessel to
undertake a geological survey on a further prospect that it has recently
acquired in the Southern North Sea. WHAM currently has interests in nineteen
blocks or part blocks on the UK Continental Shelf.


The survey is the first stage in a two-year exploration programme designed to
identify prospects at the Permian and Carboniferous levels. The survey will
commence in June 2006 and it is anticipated that the block will be fully mapped
by October 2006.


The prospect area, Block 47/12, lies off the coast adjacent to the Humber
estuary between the onshore Saltfleetby gas field and the offshore Amethyst gas
field. The block was identified by WHAM in the 21st licence round held in 2003
as being prospective. WHAM Energy acquired a 90% equity interest in block 47/12
in October 2005 from GTO with a commitment to undertake a 2D seismic survey and
drill one well in the event of identifying a prospective target.


Tom Windle Chief Executive Office said,


" This is excellent news for WHAM. Since our public listing in September 2005,
WHAM has made encouraging progress in pursuing our strategy to acquire and
explore a number of drillable prospects in the North Sea.


" With the macro-current backdrop of uncertainty in the long-term supply of UK
gas supplies and given the team's experience, we remain focused on delivering
the potential from our prospects in the North Sea. To date, we have acquired
four part blocks of which three were awarded to WHAM at 100% equity interest in
the 23rd Licence Round.


" Looking forward, the prospects for the Company are encouraging. We have
recently achieved the status of offshore operatorship, which is a very
significant milestone in our growth. WHAM is also currently in the process of
finalising maps on high graded areas in our portfolio and, as anticipated has
identified several attractive drillable prospects and a number of very
interesting additional leads. With our exciting list of prospects and our team's
proven track record and experience, we remain confident that we will deliver
significant shareholder value for our investors."


                                     -ends-


Date: 1 February 2006

For further information contact:

WHAM Energy plc
Tom Windle                                 020 7924 4464

cityPROFILE
Simon Courtenay                            020 7448 3244






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