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Quarterly Activity Report

30th Apr 2012 08:00

RNS Number : 3182C
Wildhorse Energy Limited
30 April 2012
 

30 April 2012

 

WILDHORSE ENERGY LIMITED

MARCH 2012 QUARTERLY REPORT

 

Wildhorse Energy ('WHE' or 'the Company'), the AIM and ASX listed company focussed on developing underground coal gasification ('UCG') and uranium projects in Central and Eastern Europe ('CEE'), is pleased to announce its Quarterly Report for the three months ended 31 March 2012.

 

Overview:

 

·; Publication of Preliminary Feasibility Study ('PFS') results which assessed the Hungarian gas and electricity markets and concluded that the existing market dynamics provide an attractive environment for supplying syngas as a feedstock for power stations

 

·; Updated JORC Inferred coal resource of 383 million tonnes at Mecsek Hills UCG - drilling programme facilitates the selection of the first UCG site at the Váralja target area within the project area

 

·; Váralja target area has a reportable 185 Mt JORC Inferred resource - only 22Mt is estimated to be required for Phases I and II over a 25 year project life

 

·; WorleyParsons completed an independent engineer's review of the PFS engineering design for the UCG facility1

 

·; Positive conclusion of the PFS supports the Company's broader strategy to seek to develop further projects in selected markets in CEE

 

·; New Non-Binding Co-operation Agreement signed for the exclusive partnership with Hungarian State owned Mecsek-Öko and Mecsekérc aimed at development and ultimately uranium mining at the Mecsek Hills Uranium Project in Hungary - potential value uplift for shareholders through strategic uranium project

 

WHE Managing Director Matt Swinney said, "This has been a pivotal quarter for the Company during which we were delighted to announce the positive results of our PFS at the Mecsek Hills UCG Project, upon the technical part of which WorleyParsons completed an independent engineer's review of the PFS engineering design for the UCG facility1. The completion of the PFS, which demonstrated that attractive economic fundamentals may be achieved through the application of UCG technology, has prompted us to initiate a Bankable Feasibility Study at the project as well as commencing a programme to identify and secure suitable strategic partners to fund its completion. We are well positioned to commence this BFS phase immediately following the current placing to raise £5.56 million and look forward to providing further updates on the development of the BFS in due course.

 

"On a sector level, recent industry developments have demonstrated that UCG is increasingly being recognised as an economically viable way of capturing the energy content of stranded coal, and in turn, our PFS represents a key milestone both at a project and industry level, particularly as the use of shale technology in Europe continues to be the focus of scrutiny. With this in mind, the PFS results support WHE's roll out strategy to provide domestic sources of fuel to Central and Eastern European countries which are currently dependent on imported gas.

 

"In terms of the Mecsek Hills Uranium Project, we have reiterated our commitment to working with the Hungarian government to recommence uranium mining in Europe, which will provide WHE shareholders with exposure to a total project resource of 48.3Mt at 0.072% U3O8 for 77Mlbs of U3O8. The Hungarian Government is very positive about the use of nuclear power in-country which bodes well for our ongoing negotiations to develop a Joint Venture, and we look forward to updating shareholders over the coming months."

 

383Mt JORC Inferred Resource and Completion of Preliminary Feasibility Study at the Mecsek Hills UCG Project

 

The completion of the PFS at WHE's Mecsek Hills UCG Project at the end of March 2012 was a major milestone for the Company. The PFS confirms the findings of preliminary PFS announcement dated 1 June 2011 which indicates the attractive economic and technical potential of supplying syngas as a gas feedstock for power stations.

 

The Study focussed on a ≥400 MWt Project consisting of two distinct phases a commercial demonstration phase followed by a large scale commercial phase:

·; Phase I -Commercial Demonstration Plant designed to have a capacity of approximately 130MWt of syngas which will be used to supply an up to 61MWe (gross) Combined Cycle Gas Turbine (CCGT) power plant, with both the UCG and CCGT facilities expected to be in operation in Q4 2014

·; Phase II - Large Scale Commercial Plant designed to have a capacity of approximately 280 MWt of syngas, with the UCG facility to supply syngas to a potential 130 MWe (gross) power plant. The development of this phase will commence after the commissioning of Phase I

 

In tandem, the Company published an updated JORC Inferred coal resource of 383 million tonnes following highly positive results from a total of five diamond core holes completed across three target areas at the Company's Mecsek Hills UCG Project in southern Hungary. The drilling has verified the historical data and facilitates the selection of the first UCG site at the Váralja target area which has a reportable 185 Mt JORC Inferred resource. Importantly, only 22Mt is estimated to be required for Phases I and II over a 25 year project life.

 

A number of coal seams suitable for UCG have been identified in the Váralja Resource model. The best seam groups for UCG in this resource estimate occur in seam packages 35 and 40. There are multiple seams with average thicknesses greater than 2.5m with continuity and large tonnages. The best seams appear to be seam 351 and 402, the former has an average thickness of 2.8m and is estimated to contain 15Mt and the latter is 4.1m thick with an estimated 22Mt. With additional drilling it is likely other significant seams from seam groups 33, 34 and 37 would be upgraded to a resource category. These coal areas will be the subject of the further exploration and analysis to be conducted during the BFS, the aim of future exploration is to define Measured resources.

 

The Company intends to now initiate a Bankable Feasibility Study ('BFS') which will primarily focus on refinement of the PFS with regards to resource delineation, technical designs, permitting, costings, finalisation of the commercial structure and involvement of strategic partners and other stakeholders into the project.

 

Independent Engineer's Review for the Mecsek Hills UCG Project

 

Previous to the publication of the PFS, the Company announced the conclusion of independent engineer's review of its flagship Mecsek Hills UCG Project design, conceptual engineering, scope of facilities, key technical assumptions and cost estimates. WorleyParsons Europe Limited undertook the independent review as part of an internal due diligence procedure to validate the engineering design and cost estimation compiled by CDE Process Pty Ltd's, which forms the technical backbone of the Company's PFS. The outcome provided confirmation to WHE that the engineering design forms a satisfactory basis of design for the BFS, and further underpins WHE's confidence in the UCG potential of the Project1.

 

Co-operation Agreement with Hungarian State Owned Entities to Enable Future Development of 77Mlbs U3O8 Mecsek Hills Uranium Project

 

On 16 February 2012 WHE signed a new non-binding Co-Operation Agreement ('the Agreement') with Mecsek-Öko and Mecsekérc, the state-owned corporations responsible for the development and rehabilitation of the Hungarian uranium sector. The Agreement is designed to develop a joint venture company to re-start uranium mining at the Mecsek Hills Uranium Project in southern Hungary, comprising the 42.9 sq km Pécs uranium licence, owned by WHE, and the 19.6 sq km MML-E licence, owned by Mecsek-Öko. Jointly, the project has a JORC compliant Inferred resource of 48.3Mt at 0.072% U3O8 for 77Mlbs of U3O8 and a total JORC Exploration Target of a further 55-90Mlbs of U3O8 with a grade range of 0.075-0.10%. This Project will be advanced in tandem with the Company's existing underground coal gasification portfolio.

 

Competent Persons Statement

 

Coal

The information in this report that relates to Coal Resources is based on information compiled by Adrian Nurcahyo M AusIMM. Mr Nurcahyo has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Mineral Resources and Ore Reserves".

 

Uranium

The information in the report to which this statement is attached that relates to the Mecsek Hills Uranium Project Mineral Resource is based on information compiled by Mr Lauritz Barnes and Mr Neil Inwood who are both Members of The Australasian Institute of Mining and Metallurgy. Mr Barnes is an independent consultant and Mr Inwood is employed by Coffey Mining.

 

Mr Barnes is the Competent Person responsible for the database, modelling, estimation methodology and Classification. Mr Inwood has reviewed the resource estimate and consents to take dual responsibility for the estimation methodology and Classification.

 

Both Messrs Barnes and Inwood and have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which is being undertaken to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves"

 

Consolidated statement of cash flows

 

Cash flows related to operating activities

 

Current quarter

$A'000

Year to date

$A'000

1.1

Receipts from product sales and related debtors

 

-

-

1.2

Payments for (a) exploration & evaluation

(b) development

(c) production

(d) administration

(2,487)

-

-

(656)

(7,967)

-

-

(3,107)

1.3

Dividends received

-

-

1.4

Interest and other items of a similar nature received

82

289

1.5

Interest and other costs of finance paid

-

-

1.6

Income taxes paid

-

-

1.7

Payments associated with AIM Listing

(2)

(259)

 

Net Operating Cash Flows

(3,063)

(11,044)

 

Cash flows related to investing activities

1.8

Payment for purchases of: (a) prospects

(b) equity investments

(c) other fixed assets

-

-

(3)

-

-

(86)

1.9

Proceeds from sale of: (a) prospects

(b) equity investments

(c) other fixed assets

1,152

-

-

1,152

-

-

1.10

Loans to other entities

l-

-

1.11

Loans repaid by other entities

-

-

1.12

Other (Intellectual Property)

-

-

 

Net investing cash flows

 

1,149

 

1,066

1.13

Total operating and investing cash flows (carried forward)

 

 

 

 

 

1.13

Total operating and investing cash flows (brought forward)

 

(1,914)

 

(9,978)

 

Cash flows related to financing activities

1.14

Proceeds from issues of shares, options, etc.

-

-

1.15

Cost of share issue

-

-

1.16

Proceeds from borrowings

-

-

1.17

Repayment of borrowings

-

-

1.18

Dividends paid

-

-

1.19

Other

-

-

Net financing cash flows

-

-

 

Net increase (decrease) in cash held

 

(1,914)

(9,978)

1.20

Cash at beginning of quarter/year to date

5,305

13,494

1.21

Exchange rate adjustments to item 1.20

(21)

(146)

1.22

Cash at end of quarter

3,370

3,370

 

Payments to directors of the entity and associates of the directors

Payments to related entities of the entity and associates of the related entities

 

Current quarter

$A'000

 

1.23

 

Aggregate amount of payments to the parties included in item 1.2

139

 

1.24

 

Aggregate amount of loans to the parties included in item 1.10

 

Nil

 

1.25

 

Explanation necessary for an understanding of the transactions

 

 

Consulting fees, salaries, bonuses and superannuation paid to or on behalf of directors and payments for exploration and drilling paid to entities related to directors.

 

 

 

 

Non-cash financing and investing activities

2.1

Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

 

NIL

 

 

 

2.2

Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

 

NIL

 

 

Financing facilities available

Add notes as necessary for an understanding of the position.

 

Amount available

$A'000

Amount used

$A'000

3.1

Loan facilities

 

-

-

3.2

Credit standby arrangements

 

-

-

Estimated cash outflows for next quarter

$A'000

4.1

Exploration and evaluation

 

1,635

4.2

Development

 

-

4.3

Production

 

-

4.4

Administration

 

943

 

Total

2,578

 

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.

Current quarter

$A'000

Previous quarter

$A'000

5.1

Cash on hand and at bank

2,267

1,405

5.2

Deposits at call

1,103

3,900

5.3

Bank overdraft

-

-

5.4

Other (provide details)

-

-

Total: cash at end of quarter (item 1.22)

3,370

5,305

 

Changes in interests in mining tenements

 

Tenement reference

Nature of interest

(note (2))

Interest at beginning of quarter

Interest at end of quarter

6.1

Interests in mining tenements relinquished, reduced or lapsed

 

 

Refer to Annexure "A"

Wholly owned

 

 

 

100%

 

 

 

Nil

6.2

Interests in mining tenements acquired or increased

 

 

 

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

 

Total number

Number quoted

Issue price per security (see note 3) (cents)

Amount paid up per security (see note 3) (cents)

7.1

Preference +securities (description)

7.2

Changes during quarter

(a) Increases through issues

(b) Decreases through returns of capital, buy-backs, redemptions

7.3

+Ordinary securities

 

250,928,627

250,928,627

7.4

Changes during quarter

(a) Increases through issues

(b) Decreases through returns of capital, buy-backs

 

 

 

 

 

 

 

 

 

 

 

 

7.5

+Convertible debt securities (description)

7.6

Changes during quarter

(a) Increases through issues

(b) Decreases through securities matured, converted

 

7.7

Options (description and conversion factor)

Convert on a 1:1 basis

 

562,630

3,193,362

377,957

377,957

377,957

666,666

333,333

333,333

333,333

8,333,332

8,632,332

4,000,000

2,000,000

2,200,000

2,200,000

4,600,000

1,333,333

1,333,334

333,340

1,666,663

333,330

666,667

666,667

666,666

Exercise price

 

$0.90

$0,34

$0,31

$0,37

$0,43

$0,60

$0,90

$1,20

$1,50

$0,50

$0,60

$0,70

$0,225

$0,50

$0,60

$0,70

$0,30

$0,40

$0,50

$0,60

$0,70

$0,50

$0,60

$0,70

 

Expiry date

 

30/05/2012

01/06/2012

20/06/2013

20/06/2013

20/06/2013

16/02/2014

16/02/2014

16/02/2014

16/02/2014

26/02/2014

26/02/2014

26/02/2014

30/06/2014

01/06/2014

01/06/2014

01/06/2014

22/11/2014

22/11/2014

22/11/2014

22/11/2014

22/11/2014

30/06/2015

30/06/2015

30/06/2015

 

7.8

Issued during quarter

-

-

-

-

7.9

Exercised during quarter

-

-

-

-

7.10

Expired during quarter

3,333,336

-

$0,60

31/12/2011

7.11

Debentures

(totals only)

0

0

7.12

Unsecured notes (totals only)

 

0

0

 

 

Compliance statement

 

1. This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4).

 

2. This statement does give a true and fair view of the matters disclosed.

 

 

NOTES

 

1. The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

 

2. The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

 

3. Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities.

 

4. The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.

 

5. Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

 

ANNEXURE A

 

Claim Name

BLM Serial #

County

Mr Twn Rng Sec

REB #1

WMC279281

SWEETWATER

06 0240N 0940W 033

REB #2

WMC279282

SWEETWATER

06 0240N 0940W 034

REB #3

WMC279283

SWEETWATER

06 0240N 0940W 033

REB #4

WMC279284

SWEETWATER

06 0240N 0940W 034

REB #5

WMC279285

SWEETWATER

06 0240N 0940W 033

REB #6

WMC279286

SWEETWATER

06 0240N 0940W 034

REB #7

WMC279287

SWEETWATER

06 0240N 0940W 033

REB #8

WMC279288

SWEETWATER

06 0240N 0940W 034

REB #9

WMC279289

SWEETWATER

06 0240N 0940W 033

REB #10

WMC279290

SWEETWATER

06 0240N 0940W 034

REB #11

WMC279291

SWEETWATER

06 0240N 0940W 033

REB #12

WMC279292

SWEETWATER

06 0240N 0940W 034

REB #13

WMC279293

SWEETWATER

06 0240N 0940W 033

REB #15

WMC279295

SWEETWATER

06 0240N 0940W 034

REB #16

WMC279296

SWEETWATER

06 0240N 0940W 034

REB #17

WMC279297

SWEETWATER

06 0240N 0940W 034

REB #18

WMC279298

SWEETWATER

06 0240N 0940W 034

REB #19

WMC279299

SWEETWATER

06 0240N 0940W 034

REB #20

WMC279300

SWEETWATER

06 0240N 0940W 034

REB #21

WMC279301

SWEETWATER

06 0240N 0940W 034

REB #22

WMC279302

SWEETWATER

06 0240N 0940W 034

REB #23

WMC279303

SWEETWATER

06 0240N 0940W 034

REB #24

WMC279304

SWEETWATER

06 0240N 0940W 034

REB #25

WMC279305

SWEETWATER

06 0240N 0940W 034

REB #26

WMC279306

SWEETWATER

06 0240N 0940W 034

REB #27

WMC279307

SWEETWATER

06 0240N 0940W 027

REB #28

WMC279308

SWEETWATER

06 0240N 0940W 027

REB #29

WMC279309

SWEETWATER

06 0240N 0940W 027

REB #30

WMC279310

SWEETWATER

06 0240N 0940W 027

REB #31

WMC279311

SWEETWATER

06 0240N 0940W 027

REB #32

WMC279312

SWEETWATER

06 0240N 0940W 027

REB #33

WMC279313

SWEETWATER

06 0230N 0940W 003

REB #34

WMC279314

SWEETWATER

06 0230N 0940W 003

REB #35

WMC279315

SWEETWATER

06 0230N 0940W 003

REB #36

WMC279316

SWEETWATER

06 0230N 0940W 003

REB #37

WMC279317

SWEETWATER

06 0230N 0940W 003

REB #38

WMC279318

SWEETWATER

06 0230N 0940W 003

REB #39

WMC279319

SWEETWATER

06 0230N 0940W 003

REB #44

WMC279324

SWEETWATER

06 0230N 0940W 014

REB #45

WMC279325

SWEETWATER

06 0230N 0940W 014

REB #46

WMC279326

SWEETWATER

06 0230N 0940W 014

REB #47

WMC279327

SWEETWATER

06 0230N 0940W 014

REB #48

WMC279328

SWEETWATER

06 0230N 0940W 014

REB #49

WMC279329

SWEETWATER

06 0230N 0940W 014

REB #50

WMC279330

SWEETWATER

06 0230N 0940W 014

REB #51

WMC279331

SWEETWATER

06 0230N 0940W 014

REB #61

WMC279341

SWEETWATER

06 0230N 0940W 014

REB #65

WMC279342

SWEETWATER

06 0220N 0940W 006

REB #66

WMC279343

SWEETWATER

06 0220N 0940W 006

REB #67

WMC279344

SWEETWATER

06 0220N 0940W 006

REB #68

WMC279345

SWEETWATER

06 0220N 0940W 006

REB #69

WMC279346

SWEETWATER

06 0220N 0940W 006

REB #70

WMC279347

SWEETWATER

06 0220N 0940W 006

REB #71

WMC279348

SWEETWATER

06 0220N 0940W 006

REB #72

WMC279349

SWEETWATER

06 0220N 0940W 006

REB #73

WMC280535

SWEETWATER

06 0240N 0940W 004

REB #74

WMC280536

SWEETWATER

06 0240N 0940W 004

REB #75

WMC280537

SWEETWATER

06 0240N 0940W 004

REB #76

WMC280538

SWEETWATER

06 0240N 0940W 004

REB #77

WMC280539

SWEETWATER

06 0240N 0940W 004

REB #78

WMC280540

SWEETWATER

06 0240N 0940W 004

REB #79

WMC280541

SWEETWATER

06 0240N 0940W 004

REB #80

WMC280542

SWEETWATER

06 0240N 0940W 004

REB #81

WMC280543

SWEETWATER

06 0240N 0940W 004

REB #82

WMC280544

SWEETWATER

06 0240N 0940W 004

Claim Name

BLM Serial #

County

Mr Twn Rng Sec

KENN #1

WMC280515

SWEETWATER

06 0240N 0930W 003

KENN #2

WMC280516

SWEETWATER

06 0240N 0930W 003

KENN #3

WMC280517

SWEETWATER

06 0240N 0930W 003

KENN #4

WMC280518

SWEETWATER

06 0240N 0930W 003

KENN #21

WMC280519

SWEETWATER

06 0240N 0930W 021

KENN #22

WMC280520

SWEETWATER

06 0240N 0930W 021

KENN #23

WMC280521

SWEETWATER

06 0240N 0930W 021

KENN #24

WMC280522

SWEETWATER

06 0240N 0930W 021

KENN #25

WMC280523

SWEETWATER

06 0240N 0930W 021

KENN #26

WMC280524

SWEETWATER

06 0240N 0930W 021

KENN #27

WMC280525

SWEETWATER

06 0240N 0930W 021

KENN #28

WMC280526

SWEETWATER

06 0240N 0930W 021

KENN #29

WMC280527

SWEETWATER

06 0240N 0930W 021

KENN #30

WMC280528

SWEETWATER

06 0240N 0930W 021

KENN #31

WMC280529

SWEETWATER

06 0240N 0930W 021

KENN #32

WMC280530

SWEETWATER

06 0240N 0930W 022

KENN #33

WMC280531

SWEETWATER

06 0240N 0930W 022

KENN #34

WMC280532

SWEETWATER

06 0240N 0930W 022

KENN #35

WMC280533

SWEETWATER

06 0240N 0930W 021

KENN #36

WMC280534

SWEETWATER

06 0240N 0930W 021

Claim Name

BLM Serial #

County

Mr Twn Rng Sec

CHARGER #1

WMC273820

SWEETWATER

06 0240N 0930W 030

CHARGER #2

WMC273821

SWEETWATER

06 0240N 0930W 030

CHARGER #3

WMC273822

SWEETWATER

06 0240N 0930W 030

CHARGER #4

WMC273823

SWEETWATER

06 0240N 0930W 030

CHARGER #5

WMC273824

SWEETWATER

06 0240N 0930W 030

CHARGER #6

WMC273825

SWEETWATER

06 0240N 0930W 030

CHARGER #7

WMC273826

SWEETWATER

06 0240N 0930W 030

CHARGER #8

WMC273827

SWEETWATER

06 0240N 0930W 030

CHARGER #9

WMC273828

SWEETWATER

06 0240N 0930W 030

CHARGER #10

WMC273829

SWEETWATER

06 0240N 0930W 030

CHARGER #11

WMC273830

SWEETWATER

06 0240N 0930W 030

CHARGER #12

WMC273831

SWEETWATER

06 0240N 0930W 030

CHARGER #13

WMC273832

SWEETWATER

06 0240N 0930W 030

CHARGER #14

WMC273833

SWEETWATER

06 0240N 0930W 030

CHARGER #15

WMC273834

SWEETWATER

06 0240N 0930W 030

CHARGER #16

WMC273835

SWEETWATER

06 0240N 0930W 030

CHARGER #17

WMC273836

SWEETWATER

06 0240N 0930W 030

CHARGER #18

WMC273837

SWEETWATER

06 0240N 0930W 030

CHARGER #19

WMC273838

SWEETWATER

06 0240N 0940W 025

CHARGER #20

WMC273839

SWEETWATER

06 0240N 0930W 030

CHARGER #21

WMC273840

SWEETWATER

06 0240N 0940W 025

CHARGER #22

WMC273841

SWEETWATER

06 0240N 0930W 030

CHARGER #23

WMC273842

SWEETWATER

06 0240N 0940W 025

CHARGER #24

WMC273843

SWEETWATER

06 0240N 0930W 030

CHARGER #25

WMC273844

SWEETWATER

06 0240N 0940W 024

CHARGER #26

WMC273845

SWEETWATER

06 0240N 0930W 030

CHARGER #27

WMC273846

SWEETWATER

06 0240N 0940W 024

CHARGER #28

WMC273847

SWEETWATER

06 0240N 0930W 030

CHARGER #29

WMC273848

SWEETWATER

06 0240N 0940W 024

CHARGER #30

WMC273849

SWEETWATER

06 0240N 0930W 030

CHARGER #31

WMC273850

SWEETWATER

06 0240N 0940W 025

CHARGER #32

WMC273851

SWEETWATER

06 0240N 0930W 030

CHARGER #33

WMC273852

SWEETWATER

06 0240N 0940W 025

CHARGER #34

WMC273853

SWEETWATER

06 0240N 0930W 030

CHARGER #35

WMC273854

SWEETWATER

06 0240N 0940W 025

CHARGER #36

WMC273855

SWEETWATER

06 0240N 0930W 030

CHARGER #37

WMC273856

SWEETWATER

06 0240N 0940W 024

CHARGER #38

WMC273857

SWEETWATER

06 0240N 0940W 025

CHARGER #39

WMC273858

SWEETWATER

06 0240N 0940W 024

CHARGER #40

WMC273859

SWEETWATER

06 0240N 0940W 025

CHARGER #41

WMC273860

SWEETWATER

06 0240N 0940W 024

CHARGER #42

WMC273861

SWEETWATER

06 0240N 0940W 025

CHARGER #43

WMC273862

SWEETWATER

06 0240N 0940W 024

CHARGER #44

WMC273863

SWEETWATER

06 0240N 0940W 025

CHARGER #45

WMC273864

SWEETWATER

06 0240N 0940W 024

CHARGER #46

WMC273865

SWEETWATER

06 0240N 0940W 025

CHARGER #47

WMC273866

SWEETWATER

06 0240N 0940W 025

CHARGER #48

WMC273867

SWEETWATER

06 0240N 0940W 024

CHARGER #49

WMC273868

SWEETWATER

06 0240N 0940W 025

CHARGER #50

WMC273869

SWEETWATER

06 0240N 0940W 024

CHARGER #51

WMC273870

SWEETWATER

06 0240N 0940W 025

CHARGER #52

WMC273871

SWEETWATER

06 0240N 0940W 024

CHARGER #53

WMC273872

SWEETWATER

06 0240N 0940W 025

CHARGER #54

WMC273873

SWEETWATER

06 0240N 0940W 024

CHARGER #55

WMC273874

SWEETWATER

06 0240N 0940W 025

CHARGER #56

WMC273875

SWEETWATER

06 0240N 0940W 024

CHARGER #57

WMC273876

SWEETWATER

06 0240N 0940W 024

CHARGER #58

WMC273877

SWEETWATER

06 0240N 0940W 024

CHARGER #59

WMC273878

SWEETWATER

06 0240N 0940W 024

Claim Name

BLM Serial #

County

Mr Twn Rng Sec

PHILLY #1

WMC273186

SWEETWATER

06 0240N 0930W 021

PHILLY #2

WMC273187

SWEETWATER

06 0240N 0930W 021

PHILLY #3

WMC273188

SWEETWATER

06 0240N 0930W 028

PHILLY #4

WMC273189

SWEETWATER

06 0240N 0930W 028

PHILLY #5

WMC273190

SWEETWATER

06 0240N 0930W 028

PHILLY #6

WMC273191

SWEETWATER

06 0240N 0930W 028

PHILLY #7

WMC273192

SWEETWATER

06 0240N 0930W 028

PHILLY #8

WMC273193

SWEETWATER

06 0240N 0930W 028

PHILLY #9

WMC273194

SWEETWATER

06 0240N 0930W 028

PHILLY #10

WMC273195

SWEETWATER

06 0240N 0930W 028

PHILLY #11

WMC273196

SWEETWATER

06 0240N 0930W 028

PHILLY #12

WMC273197

SWEETWATER

06 0240N 0930W 028

PHILLY #13

WMC273198

SWEETWATER

06 0240N 0930W 028

PHILLY #14

WMC273199

SWEETWATER

06 0240N 0930W 028

PHILLY #15

WMC273200

SWEETWATER

06 0240N 0930W 028

PHILLY #16

WMC273201

SWEETWATER

06 0240N 0930W 028

PHILLY #17

WMC273202

SWEETWATER

06 0240N 0930W 028

PHILLY #18

WMC273203

SWEETWATER

06 0240N 0930W 028

PHILLY #19

WMC273204

SWEETWATER

06 0240N 0930W 028

PHILLY #20

WMC273205

SWEETWATER

06 0240N 0930W 028

PHILLY #21

WMC273206

SWEETWATER

06 0240N 0930W 019

PHILLY #22

WMC273207

SWEETWATER

06 0240N 0930W 020

PHILLY #23

WMC273208

SWEETWATER

06 0240N 0930W 020

PHILLY #24

WMC273209

SWEETWATER

06 0240N 0930W 020

PHILLY #25

WMC273210

SWEETWATER

06 0240N 0930W 020

PHILLY #26

WMC273211

SWEETWATER

06 0240N 0930W 020

PHILLY #27

WMC273212

SWEETWATER

06 0240N 0930W 020

PHILLY #28

WMC273213

SWEETWATER

06 0240N 0930W 020

PHILLY #29

WMC273214

SWEETWATER

06 0240N 0930W 020

PHILLY #30

WMC273215

SWEETWATER

06 0240N 0930W 020

PHILLY #31

WMC273216

SWEETWATER

06 0240N 0930W 020

PHILLY #32

WMC273217

SWEETWATER

06 0240N 0930W 020

PHILLY #33

WMC273218

SWEETWATER

06 0240N 0930W 020

PHILLY #34

WMC273219

SWEETWATER

06 0240N 0930W 020

PHILLY #35

WMC273220

SWEETWATER

06 0240N 0930W 020

PHILLY #36

WMC273221

SWEETWATER

06 0240N 0930W 020

PHILLY #37

WMC273222

SWEETWATER

06 0240N 0930W 019

PHILLY #38

WMC273223

SWEETWATER

06 0240N 0930W 020

PHILLY #39

WMC273224

SWEETWATER

06 0240N 0930W 020

PHILLY #40

WMC273225

SWEETWATER

06 0240N 0930W 020

PHILLY #41

WMC273226

SWEETWATER

06 0240N 0930W 019

PHILLY #42

WMC273227

SWEETWATER

06 0240N 0930W 020

PHILLY #43

WMC273228

SWEETWATER

06 0240N 0930W 019

PHILLY #44

WMC273229

SWEETWATER

06 0240N 0930W 020

PHILLY #45

WMC273230

SWEETWATER

06 0240N 0930W 019

PHILLY #46

WMC273231

SWEETWATER

06 0240N 0930W 020

PHILLY #47

WMC273232

SWEETWATER

06 0240N 0930W 019

PHILLY #48

WMC273233

SWEETWATER

06 0240N 0930W 020

PHILLY #49

WMC273234

SWEETWATER

06 0240N 0930W 019

PHILLY #50

WMC273235

SWEETWATER

06 0240N 0930W 019

PHILLY #51

WMC273236

SWEETWATER

06 0240N 0930W 019

PHILLY #52

WMC273237

SWEETWATER

06 0240N 0930W 019

PHILLY #53

WMC273238

SWEETWATER

06 0240N 0930W 019

PHILLY #54

WMC273239

SWEETWATER

06 0240N 0930W 019

PHILLY #55

WMC273240

SWEETWATER

06 0240N 0930W 019

PHILLY #56

WMC273241

SWEETWATER

06 0240N 0930W 019

PHILLY #57

WMC273242

SWEETWATER

06 0240N 0930W 019

PHILLY #58

WMC273243

SWEETWATER

06 0240N 0930W 020

PHILLY #60

WMC273244

SWEETWATER

06 0240N 0930W 019

PHILLY #62

WMC273245

SWEETWATER

06 0240N 0930W 019

PHILLY #64

WMC273246

SWEETWATER

06 0240N 0930W 019

PHILLY #65

WMC273247

SWEETWATER

06 0240N 0930W 017

PHILLY #66

WMC273248

SWEETWATER

06 0240N 0930W 017

PHILLY #67

WMC273249

SWEETWATER

06 0240N 0930W 017

PHILLY #68

WMC273250

SWEETWATER

06 0240N 0930W 017

PHILLY #69

WMC273251

SWEETWATER

06 0240N 0930W 017

PHILLY #70

WMC273252

SWEETWATER

06 0240N 0930W 017

PHILLY #71

WMC273253

SWEETWATER

06 0240N 0930W 017

PHILLY #72

WMC273254

SWEETWATER

06 0240N 0930W 017

PHILLY #73

WMC273255

SWEETWATER

06 0240N 0930W 017

PHILLY #74

WMC273256

SWEETWATER

06 0240N 0930W 017

PHILLY #75

WMC273257

SWEETWATER

06 0240N 0930W 017

PHILLY #76

WMC273258

SWEETWATER

06 0240N 0930W 017

PHILLY #77

WMC273259

SWEETWATER

06 0240N 0930W 017

PHILLY #78

WMC273260

SWEETWATER

06 0240N 0930W 017

PHILLY #79

WMC273261

SWEETWATER

06 0240N 0930W 017

PHILLY #80

WMC273262

SWEETWATER

06 0240N 0930W 017

PHILLY #81

WMC273263

SWEETWATER

06 0240N 0930W 006

PHILLY #82

WMC273264

SWEETWATER

06 0240N 0930W 017

PHILLY #83

WMC273265

SWEETWATER

06 0240N 0930W 017

PHILLY #84

WMC273266

SWEETWATER

06 0240N 0930W 017

PHILLY #85

WMC273267

SWEETWATER

06 0240N 0930W 017

PHILLY #86

WMC273268

SWEETWATER

06 0240N 0930W 017

PHILLY #87

WMC273269

SWEETWATER

06 0240N 0930W 017

PHILLY #88

WMC273270

SWEETWATER

06 0240N 0930W 017

PHILLY #89

WMC273271

SWEETWATER

06 0240N 0930W 017

PHILLY #90

WMC273272

SWEETWATER

06 0240N 0930W 020

PHILLY #93

WMC273273

SWEETWATER

06 0240N 0930W 017

PHILLY #95

WMC273274

SWEETWATER

06 0240N 0930W 006

Claim Name

BLM Serial #

County

Mr Twn Rng Sec

MUSTANG #1

WMC272339

SWEETWATER

06 0240N 0940W 001

MUSTANG #2

WMC272340

SWEETWATER

06 0240N 0940W 001

MUSTANG #3

WMC272341

SWEETWATER

06 0240N 0940W 002

MUSTANG #4

WMC272342

SWEETWATER

06 0240N 0940W 002

MUSTANG #5

WMC272343

SWEETWATER

06 0240N 0940W 002

MUSTANG #6

WMC272344

SWEETWATER

06 0240N 0940W 002

MUSTANG #7

WMC272345

SWEETWATER

06 0240N 0940W 002

MUSTANG #8

WMC272346

SWEETWATER

06 0240N 0940W 002

MUSTANG #9

WMC272347

SWEETWATER

06 0240N 0940W 002

MUSTANG #10

WMC272348

SWEETWATER

06 0240N 0940W 003

MUSTANG #11

WMC272349

SWEETWATER

06 0240N 0940W 003

MUSTANG #12

WMC272350

SWEETWATER

06 0240N 0940W 003

MUSTANG #13

WMC272351

SWEETWATER

06 0240N 0940W 003

MUSTANG #14

WMC272352

SWEETWATER

06 0240N 0940W 003

MUSTANG #15

WMC272353

SWEETWATER

06 0240N 0940W 003

MUSTANG #16

WMC272354

SWEETWATER

06 0240N 0940W 003

MUSTANG #17

WMC272355

SWEETWATER

06 0240N 0940W 003

MUSTANG #27

WMC278705

SWEETWATER

06 0250N 0930W 031

MUSTANG #34

WMC272372

SWEETWATER

06 0240N 0940W 003

MUSTANG #35

WMC272373

SWEETWATER

06 0240N 0940W 003

MUSTANG #36

WMC272374

SWEETWATER

06 0240N 0940W 003

MUSTANG #37

WMC272375

SWEETWATER

06 0240N 0940W 003

MUSTANG 1 (QCD)

WMC272694

SWEETWATER

06 0240N 0940W 004

MUSTANG 2 (QCD)

WMC272695

SWEETWATER

06 0240N 0940W 004

MUSTANG 3 (QCD)

WMC272696

SWEETWATER

06 0240N 0940W 004

MUSTANG 4 (QCD)

WMC272697

SWEETWATER

06 0240N 0940W 004

MUSTANG 5 (QCD)

WMC272698

SWEETWATER

06 0240N 0940W 004

MUSTANG 6 (QCD)

WMC272699

SWEETWATER

06 0240N 0940W 004

MUSTANG 7 (QCD)

WMC272700

SWEETWATER

06 0240N 0940W 004

MUSTANG 8 (QCD)

WMC272701

SWEETWATER

06 0240N 0940W 004

MUSTANG 9 (QCD)

WMC272702

SWEETWATER

06 0240N 0930W 004

MUSTANG 10 (QCD)

WMC272703

SWEETWATER

06 0240N 0930W 004

MUSTANG 11 (QCD)

WMC272704

SWEETWATER

06 0240N 0930W 004

MUSTANG 12 (QCD)

WMC272705

SWEETWATER

06 0240N 0930W 004

MUSTANG 13 (QCD)

WMC272706

SWEETWATER

06 0240N 0930W 004

MUSTANG 14 (QCD)

WMC272707

SWEETWATER

06 0240N 0930W 004

MUSTANG 15 (QCD)

WMC272708

SWEETWATER

06 0240N 0930W 004

MUSTANG 16 (QCD)

WMC272709

SWEETWATER

06 0240N 0930W 004

MUSTANG 17 (QCD)

WMC272710

SWEETWATER

06 0240N 0930W 004

Claim Name

BLM Serial #

County

Mr Twn Rng Sec

COLT #1

WMC273159

SWEETWATER

06 0240N 0930W 002

COLT #2

WMC273160

SWEETWATER

06 0240N 0930W 002

COLT #3

WMC273161

SWEETWATER

06 0240N 0930W 002

COLT #4

WMC273162

SWEETWATER

06 0240N 0930W 002

COLT #5

WMC273163

SWEETWATER

06 0240N 0930W 002

COLT #6

WMC273164

SWEETWATER

06 0240N 0930W 002

COLT#7

WMC273165

SWEETWATER

06 0240N 0930W 002

COLT #8

WMC273166

SWEETWATER

06 0240N 0930W 002

COLT #9

WMC273167

SWEETWATER

06 0240N 0930W 002

COLT #10

WMC273168

SWEETWATER

06 0240N 0930W 002

COLT #11

WMC273169

SWEETWATER

06 0240N 0930W 002

COLT #12

WMC273170

SWEETWATER

06 0240N 0930W 002

COLT #13

WMC273171

SWEETWATER

06 0240N 0930W 002

COLT #14

WMC273172

SWEETWATER

06 0240N 0930W 002

COLT #15

WMC273173

SWEETWATER

06 0240N 0930W 002

COLT #16

WMC273174

SWEETWATER

06 0240N 0930W 002

COLT #17

WMC273175

SWEETWATER

06 0240N 0930W 002

COLT #18

WMC273176

SWEETWATER

06 0240N 0930W 002

COLT #19

WMC273177

SWEETWATER

06 0240N 0930W 011

COLT #20

WMC273178

SWEETWATER

06 0240N 0930W 011

COLT #21

WMC273179

SWEETWATER

06 0240N 0930W 011

COLT #22

WMC273180

SWEETWATER

06 0240N 0930W 011

COLT #23

WMC273181

SWEETWATER

06 0240N 0930W 011

COLT #24

WMC273182

SWEETWATER

06 0240N 0930W 011

COLT #25

WMC273183

SWEETWATER

06 0240N 0930W 011

COLT #26

WMC273184

SWEETWATER

06 0240N 0930W 011

COLT #27

WMC273185

SWEETWATER

06 0240N 0930W 003

Claim Name

BLM Serial #

County

Mr Twn Rng Sec

PONY #1

WMC273275

SWEETWATER

06 0250N 0940W 031

PONY #2

WMC273276

SWEETWATER

06 0250N 0940W 031

PONY #3

WMC273277

SWEETWATER

06 0250N 0940W 031

PONY #4

WMC273278

SWEETWATER

06 0250N 0940W 031

PONY #5

WMC273279

SWEETWATER

06 0250N 0930W 032

PONY #6

WMC273280

SWEETWATER

06 0250N 0930W 032

PONY #7

WMC273281

SWEETWATER

06 0240N 0930W 006

PONY #9

WMC273283

SWEETWATER

06 0240N 0930W 005

PONY #10

WMC273284

SWEETWATER

06 0240N 0930W 005

PONY #11

WMC273285

SWEETWATER

06 0240N 0930W 009

PONY #12

WMC273286

SWEETWATER

06 0240N 0930W 005

PONY #14

WMC273287

SWEETWATER

06 0240N 0930W 005

PONY #15

WMC273288

SWEETWATER

06 0240N 0930W 005

PONY #16

WMC273289

SWEETWATER

06 0240N 0930W 005

PONY #17

WMC273290

SWEETWATER

06 0240N 0930W 005

PONY #18

WMC273291

SWEETWATER

06 0240N 0930W 005

PONY #19

WMC273292

SWEETWATER

06 0240N 0930W 008

PONY #20

WMC273293

SWEETWATER

06 0240N 0930W 008

PONY #21

WMC273294

SWEETWATER

06 0240N 0930W 008

PONY #22

WMC273295

SWEETWATER

06 0240N 0930W 008

PONY #23

WMC278706

SWEETWATER

06 0240N 0930W 004

PONY #24

WMC273296

SWEETWATER

06 0240N 0930W 009

PONY #25

WMC273297

SWEETWATER

06 0240N 0930W 009

PONY #26

WMC273298

SWEETWATER

06 0240N 0930W 009

PONY #27

WMC273299

SWEETWATER

06 0240N 0930W 009

PONY #28

WMC273300

SWEETWATER

06 0240N 0930W 009

PONY #29

WMC273301

SWEETWATER

06 0240N 0930W 004

PONY #30

WMC273302

SWEETWATER

06 0240N 0930W 004

PONY #31

WMC273303

SWEETWATER

06 0240N 0930W 004

PONY #32

WMC273304

SWEETWATER

06 0240N 0930W 004

PONY #33

WMC273305

SWEETWATER

06 0240N 0930W 004

PONY #34

WMC273306

SWEETWATER

06 0240N 0930W 004

PONY #35

WMC273307

SWEETWATER

06 0240N 0930W 004

PONY #36

WMC273308

SWEETWATER

06 0240N 0930W 009

PONY #37

WMC273309

SWEETWATER

06 0240N 0930W 009

PONY #38

WMC273310

SWEETWATER

06 0240N 0930W 009

PONY #39

WMC273311

SWEETWATER

06 0240N 0930W 009

PONY #40

WMC273312

SWEETWATER

06 0240N 0930W 009

PONY #41

WMC273313

SWEETWATER

06 0240N 0930W 004

PONY #42

WMC273314

SWEETWATER

06 0240N 0930W 004

PONY #44

WMC273316

SWEETWATER

06 0240N 0930W 008

PONY #47

WMC273319

SWEETWATER

06 0240N 0930W 007

PONY #51

WMC273323

SWEETWATER

06 0240N 0940W 001

PONY #52

WMC273324

SWEETWATER

06 0240N 0940W 001

PONY #53

WMC273325

SWEETWATER

06 0240N 0940W 001

PONY #54

WMC273326

SWEETWATER

06 0240N 0930W 009

PONY #55

WMC273327

SWEETWATER

06 0240N 0930W 009

PONY #56

WMC273328

SWEETWATER

06 0240N 0930W 009

Claim Name

BLM Serial #

County

Mr Twn Rng Sec

WILDHORSE 1

WMC262301

SWEETWATER

06 0240N 0940W 009

WILDHORSE 2

WMC262302

SWEETWATER

06 0240N 0940W 009

WILDHORSE 3

WMC262303

SWEETWATER

06 0240N 0940W 009

WILDHORSE 4

WMC262304

SWEETWATER

06 0240N 0940W 009

WILDHORSE 5

WMC262305

SWEETWATER

06 0240N 0940W 009

WILDHORSE 6

WMC262306

SWEETWATER

06 0240N 0940W 009

WILDHORSE 7

WMC262307

SWEETWATER

06 0240N 0940W 009

WILDHORSE 8

WMC262308

SWEETWATER

06 0240N 0940W 009

WILDHORSE 9

WMC262309

SWEETWATER

06 0240N 0940W 009

WILDHORSE 10

WMC262310

SWEETWATER

06 0240N 0940W 009

WILDHORSE 11

WMC262311

SWEETWATER

06 0240N 0940W 009

WILDHORSE 12

WMC262312

SWEETWATER

06 0240N 0940W 009

WILDHORSE 13

WMC262313

SWEETWATER

06 0240N 0940W 009

WILDHORSE 14

WMC262314

SWEETWATER

06 0240N 0940W 009

WILDHORSE 15

WMC262315

SWEETWATER

06 0240N 0940W 009

WILDHORSE 16

WMC262316

SWEETWATER

06 0240N 0940W 009

WILDHORSE 17

WMC262317

SWEETWATER

06 0240N 0940W 009

WILDHORSE 18

WMC262318

SWEETWATER

06 0240N 0940W 009

WILDHORSE 19

WMC262319

SWEETWATER

06 0240N 0940W 021

WILDHORSE 20

WMC262320

SWEETWATER

06 0240N 0940W 021

WILDHORSE 21

WMC262321

SWEETWATER

06 0240N 0940W 021

WILDHORSE 22

WMC262322

SWEETWATER

06 0240N 0940W 021

WILDHORSE 23

WMC262323

SWEETWATER

06 0240N 0940W 021

WILDHORSE 24

WMC262324

SWEETWATER

06 0240N 0940W 021

WILDHORSE 25

WMC262325

SWEETWATER

06 0240N 0940W 021

WILDHORSE 26

WMC262326

SWEETWATER

06 0240N 0940W 021

WILDHORSE 27

WMC262327

SWEETWATER

06 0240N 0940W 021

WILDHORSE 28

WMC262328

SWEETWATER

06 0240N 0940W 021

WILDHORSE 29

WMC262329

SWEETWATER

06 0240N 0940W 021

WILDHORSE 30

WMC262330

SWEETWATER

06 0240N 0940W 021

WILDHORSE 31

WMC262331

SWEETWATER

06 0240N 0940W 021

WILDHORSE 32

WMC262332

SWEETWATER

06 0240N 0940W 021

WILDHORSE 33

WMC262333

SWEETWATER

06 0240N 0940W 021

WILDHORSE 34

WMC262334

SWEETWATER

06 0240N 0940W 021

WILDHORSE 35

WMC262335

SWEETWATER

06 0240N 0940W 021

WILDHORSE 36

WMC262336

SWEETWATER

06 0240N 0940W 021

WILDHORSE 37

WMC262337

SWEETWATER

06 0240N 0940W 028

WILDHORSE 38

WMC262338

SWEETWATER

06 0240N 0940W 028

WILDHORSE 39

WMC262339

SWEETWATER

06 0240N 0940W 027

WILDHORSE 40

WMC262340

SWEETWATER

06 0240N 0940W 022

WILDHORSE 41

WMC262341

SWEETWATER

06 0240N 0940W 027

WILDHORSE 42

WMC262342

SWEETWATER

06 0240N 0940W 027

WILDHORSE 43

WMC262343

SWEETWATER

06 0240N 0940W 027

WILDHORSE 44

WMC262344

SWEETWATER

06 0240N 0940W 027

WILDHORSE 45

WMC262345

SWEETWATER

06 0240N 0940W 027

WILDHORSE 46

WMC262346

SWEETWATER

06 0240N 0940W 027

WILDHORSE 47

WMC262347

SWEETWATER

06 0240N 0940W 028

WILDHORSE 48

WMC262348

SWEETWATER

06 0240N 0940W 028

WILDHORSE 49

WMC262349

SWEETWATER

06 0240N 0940W 028

WILDHORSE 50

WMC262350

SWEETWATER

06 0240N 0940W 028

WILDHORSE 51

WMC262351

SWEETWATER

06 0240N 0940W 028

WILDHORSE 52

WMC262352

SWEETWATER

06 0240N 0940W 028

WILDHORSE 53

WMC262353

SWEETWATER

06 0240N 0940W 028

WILDHORSE 54

WMC262354

SWEETWATER

06 0240N 0940W 028

WILDHORSE 55

WMC262355

SWEETWATER

06 0240N 0940W 033

WILDHORSE 56

WMC262356

SWEETWATER

06 0240N 0940W 033

WILDHORSE 57

WMC262357

SWEETWATER

06 0240N 0940W 034

WILDHORSE 58

WMC262358

SWEETWATER

06 0240N 0940W 034

WILDHORSE 59

WMC262359

SWEETWATER

06 0240N 0940W 034

WILDHORSE 60

WMC262360

SWEETWATER

06 0240N 0940W 034

WILDHORSE 61

WMC262361

SWEETWATER

06 0240N 0940W 034

WILDHORSE 62

WMC262362

SWEETWATER

06 0240N 0940W 034

WILDHORSE 63

WMC262363

SWEETWATER

06 0240N 0940W 034

WILDHORSE 64

WMC262364

SWEETWATER

06 0240N 0940W 034

WILDHORSE 65

WMC265300

SWEETWATER

06 0240N 0940W 001

WILDHORSE 66

WMC265301

SWEETWATER

06 0240N 0940W 001

WILDHORSE 67

WMC265302

SWEETWATER

06 0240N 0940W 001

WILDHORSE 68

WMC265303

SWEETWATER

06 0240N 0940W 001

WILDHORSE 69

WMC265304

SWEETWATER

06 0240N 0940W 001

WILDHORSE 70

WMC265305

SWEETWATER

06 0240N 0940W 001

WILDHORSE 71

WMC265306

SWEETWATER

06 0240N 0940W 001

WILDHORSE 72

WMC265307

SWEETWATER

06 0240N 0940W 001

WILDHORSE 73

WMC265308

SWEETWATER

06 0240N 0940W 001

WILDHORSE 74

WMC265309

SWEETWATER

06 0240N 0940W 001

WILDHORSE 75

WMC265310

SWEETWATER

06 0240N 0940W 001

WILDHORSE 76

WMC265311

SWEETWATER

06 0240N 0940W 001

WILDHORSE 77

WMC265312

SWEETWATER

06 0240N 0940W 001

WILDHORSE 78

WMC265313

SWEETWATER

06 0240N 0930W 017

WILDHORSE 79

WMC265314

SWEETWATER

06 0240N 0930W 017

WILDHORSE 80

WMC265315

SWEETWATER

06 0240N 0930W 017

WILDHORSE 81

WMC265316

SWEETWATER

06 0240N 0930W 009

WILDHORSE 82

WMC265317

SWEETWATER

06 0240N 0930W 009

WILDHORSE 83

WMC265318

SWEETWATER

06 0240N 0930W 009

WILDHORSE 84

WMC265319

SWEETWATER

06 0240N 0930W 009

WILDHORSE 85

WMC265320

SWEETWATER

06 0240N 0930W 009

WILDHORSE 86

WMC265321

SWEETWATER

06 0240N 0930W 009

WILDHORSE 87

WMC265322

SWEETWATER

06 0240N 0930W 009

WILDHORSE 88

WMC265323

SWEETWATER

06 0240N 0930W 009

WILDHORSE 89

WMC265324

SWEETWATER

06 0240N 0930W 009

WILDHORSE 90

WMC265325

SWEETWATER

06 0240N 0930W 009

WILDHORSE 91

WMC265326

SWEETWATER

06 0240N 0930W 009

WILDHORSE 92

WMC265327

SWEETWATER

06 0240N 0930W 009

WILDHORSE 93

WMC265328

SWEETWATER

06 0240N 0930W 004

WILDHORSE 94

WMC265329

SWEETWATER

06 0240N 0930W 004

WILDHORSE 95

WMC265330

SWEETWATER

06 0240N 0930W 004

WILDHORSE 96

WMC265331

SWEETWATER

06 0240N 0930W 004

WILDHORSE 97

WMC265332

SWEETWATER

06 0240N 0930W 004

WILDHORSE 98

WMC265333

SWEETWATER

06 0240N 0930W 004

WILDHORSE 99

WMC265334

SWEETWATER

06 0240N 0930W 020

WILDHORSE 100

WMC265335

SWEETWATER

06 0240N 0930W 029

WILDHORSE 101

WMC265336

SWEETWATER

06 0240N 0930W 029

WILDHORSE 102

WMC265337

SWEETWATER

06 0240N 0930W 029

WILDHORSE 103

WMC265338

SWEETWATER

06 0240N 0930W 029

WILDHORSE 104

WMC265339

SWEETWATER

06 0240N 0930W 029

WILDHORSE 105

WMC265340

SWEETWATER

06 0240N 0930W 020

WILDHORSE 106

WMC265341

SWEETWATER

06 0240N 0930W 029

WILDHORSE 107

WMC265342

SWEETWATER

06 0240N 0930W 029

WILDHORSE 108

WMC265343

SWEETWATER

06 0240N 0930W 029

WILDHORSE 109

WMC265344

SWEETWATER

06 0240N 0930W 029

WILDHORSE 110

WMC265345

SWEETWATER

06 0240N 0930W 029

WILDHORSE 111

WMC265346

SWEETWATER

06 0240N 0930W 029

WILDHORSE 112

WMC265347

SWEETWATER

06 0240N 0930W 029

WILDHORSE 113

WMC265348

SWEETWATER

06 0240N 0930W 029

WILDHORSE 114

WMC265349

SWEETWATER

06 0240N 0930W 020

WILDHORSE 115

WMC265350

SWEETWATER

06 0240N 0930W 029

WILDHORSE 116

WMC265351

SWEETWATER

06 0240N 0930W 029

WILDHORSE 117

WMC265352

SWEETWATER

06 0240N 0930W 029

WILDHORSE 118

WMC265353

SWEETWATER

06 0240N 0930W 029

WILDHORSE 119

WMC265354

SWEETWATER

06 0240N 0930W 029

WILDHORSE 120

WMC265355

SWEETWATER

06 0240N 0930W 029

WILDHORSE 121

WMC265356

SWEETWATER

06 0240N 0930W 029

WILDHORSE 122

WMC265357

SWEETWATER

06 0240N 0930W 029

WILDHORSE 123

WMC265358

SWEETWATER

06 0240N 0930W 020

WILDHORSE 124

WMC265359

SWEETWATER

06 0240N 0930W 029

WILDHORSE 125

WMC265360

SWEETWATER

06 0240N 0930W 029

WILDHORSE 126

WMC265361

SWEETWATER

06 0240N 0930W 029

WILDHORSE 127

WMC265362

SWEETWATER

06 0240N 0930W 029

WILDHORSE 128

WMC265363

SWEETWATER

06 0240N 0930W 029

WILDHORSE 129

WMC265364

SWEETWATER

06 0240N 0930W 029

WILDHORSE 130

WMC265365

SWEETWATER

06 0240N 0930W 008

WILDHORSE 131

WMC265366

SWEETWATER

06 0240N 0930W 008

WILDHORSE 132

WMC265367

SWEETWATER

06 0240N 0930W 008

WILDHORSE 133

WMC265368

SWEETWATER

06 0240N 0930W 008

WILDHORSE 134

WMC265369

SWEETWATER

06 0240N 0930W 008

WILDHORSE 135

WMC265370

SWEETWATER

06 0240N 0930W 008

WILDHORSE 136

WMC265371

SWEETWATER

06 0240N 0930W 008

WILDHORSE 137

WMC265372

SWEETWATER

06 0240N 0930W 008

WILDHORSE 138

WMC265373

SWEETWATER

06 0240N 0930W 008

WILDHORSE 139

WMC265374

SWEETWATER

06 0240N 0930W 008

WILDHORSE 140

WMC265375

SWEETWATER

06 0240N 0930W 008

WILDHORSE 141

WMC265376

SWEETWATER

06 0240N 0930W 008

WILDHORSE 142

WMC265377

SWEETWATER

06 0240N 0930W 008

WILDHORSE 143

WMC265378

SWEETWATER

06 0240N 0930W 008

WILDHORSE 144

WMC265379

SWEETWATER

06 0240N 0930W 008

WILDHORSE 145

WMC265380

SWEETWATER

06 0240N 0930W 008

WILDHORSE 146

WMC265381

SWEETWATER

06 0240N 0930W 008

WILDHORSE 147

WMC265382

SWEETWATER

06 0240N 0930W 007

WILDHORSE 148

WMC265383

SWEETWATER

06 0240N 0930W 005

WILDHORSE 149

WMC265384

SWEETWATER

06 0240N 0930W 005

WILDHORSE 150

WMC265385

SWEETWATER

06 0240N 0930W 005

WILDHORSE 151

WMC265386

SWEETWATER

06 0240N 0930W 005

WILDHORSE 152

WMC265387

SWEETWATER

06 0240N 0930W 006

WILDHORSE 153

WMC265388

SWEETWATER

06 0240N 0930W 006

WILDHORSE 154

WMC265389

SWEETWATER

06 0240N 0930W 006

WILDHORSE 155

WMC265390

SWEETWATER

06 0240N 0930W 005

WILDHORSE 156

WMC265391

SWEETWATER

06 0240N 0930W 006

WILDHORSE 157

WMC265392

SWEETWATER

06 0240N 0930W 006

WILDHORSE 158

WMC265393

SWEETWATER

06 0240N 0930W 006

WILDHORSE 159

WMC265394

SWEETWATER

06 0240N 0930W 006

WILDHORSE 160

WMC265395

SWEETWATER

06 0240N 0930W 006

WILDHORSE 161

WMC265396

SWEETWATER

06 0240N 0930W 006

WILDHORSE 162

WMC265397

SWEETWATER

06 0240N 0930W 006

WILDHORSE 163

WMC265398

SWEETWATER

06 0240N 0930W 006

WILDHORSE 164

WMC265399

SWEETWATER

06 0240N 0930W 006

WILDHORSE 165

WMC265400

SWEETWATER

06 0240N 0930W 006

WILDHORSE 166

WMC265401

SWEETWATER

06 0240N 0930W 006

WILDHORSE 167

WMC265402

SWEETWATER

06 0240N 0930W 006

WILDHORSE 168

WMC265403

SWEETWATER

06 0240N 0930W 006

WILDHORSE 169

WMC265404

SWEETWATER

06 0240N 0930W 006

WILDHORSE 170

WMC265405

SWEETWATER

06 0240N 0930W 006

WILDHORSE 171

WMC265406

SWEETWATER

06 0240N 0930W 006

WILDHORSE 172

WMC265407

SWEETWATER

06 0240N 0930W 006

WILDHORSE 173

WMC265408

SWEETWATER

06 0240N 0930W 006

 

 

 

 

**ENDS**

 

For further information please visit www.wildhorse.com.au or contact:

Matt Swinney

Wildhorse Energy Limited

Tel: +44 (0)207 292 9110

Daniela Amihood

Grant Thornton UK LLP

Tel: +44 (0)207 383 5100

Richard Greenfield

GMP Securities Europe LLP

Tel: +44 (0)207 647 2800

Clayton Bush

Liberum Capital Limited

Tel: +44 (0)203 100 2222

Susie Geliher

St Brides Media & Finance Ltd

Tel: +44 (0)207 236 1177

 

Further Information on Wildhorse:

 

Wildhorse Business Model

 

The WHE business model is focussed upon applying UCG technology to convert coal into syngas and then selling the syngas to power stations as a gas feedstock. The development and expansion of the UCG portfolio is underpinned by a potentially world class uranium project which the Company is advancing with its Hungarian uranium development partners Mecsek-Öko and Mecsekérc, with the support of the Hungarian Government.

 

Business Strategy

 

The Company's business strategy is to become a major supplier of gas feedstock to power stations in Central Europe. WHE's project development strategy is based primarily upon acquiring strategic UCG sites in key locations in Central Europe where gas markets are dominated by Russian gas imports, energy security is a major factor for governments and large scale industrial consumers of gas and gas prices are correspondingly high. The expansion is underpinned by the development of the Mecsek Hills Uranium Project. 

 

1 The review was prepared pursuant to a scope of work provided by WHE and is based upon information made available to WorleyParsons by WHE. The review is for WHE's benefit to assist WHE in concluding its PFS by validating that the engineering process and methodology used in the PFS maintains good engineering practices and design standards and rolls over into appropriate cost estimation for the capital project. The report is not intended to be relied upon by any third party other than WHE and WorleyParsons accepts no third party liability with respect to the report. For more information visit www.worleyparsons.com. as well as WHE's announcement of 19 March 2012 at http://www.wildhorse.com.au.

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