ZMM - ZIMI Limited

I also sold out yesterday at 4.4.
Once they started talking about wells costing $30m and they are at least 2 years away, and with a CR coming up, I thought it was time to grab profit and run.
Your right Agent, they sure are a passionate lot over at HC.

WHL placement to progress Seychelles


8-April-11 by Staff Reporters

Perth-based WHL Energy says its heavily oversubscribed $10 million share placement will provide the funds to progress its Seychelles oil and gas project towards farm-out and drilling.

WHL said the funds, raised through a placement to institutional and sophisticated investors at 3.2 cents per share, would be used to complete the Seychelles seismic acquisition program.

The data interpreted from the acquisition would provide WHL crucial additional information to identify prospects suitable for drilling, the company said.

WHL Energy's chief executive, David Rowbottam, said the interpretation of the new data would also be an important element in securing potential farm-in partnerts.

"The strong take-up of this share placement, which was very heavily overbid, is further good news for WHL Energy and its shareholders and demonstrates the significant investor and industry interest being received by WHL Energy for its highly prospective Seychelles oil and gas portfolio," Mr Rowbottam said.

"The placement follows close-on-the-heels of Monday's announcement that an independent report has confirmed the potential of 12 leads across 4 different plays in our highly prospective Seychelles exploration holdings."

An independent expert's report estimated that the Seychelles deposit has the potential to contain unrisked mean oil in place of between 166 million barrels and 5.44 billion barrels per lead.

At 10:05AM (WST) WHL shares had gained 11 per cent, to trade at 4 cents

Anyone else interested in this one?
I've been in and out over the past 6 months but it may be gaining some traction now and getting closer to strategic events.
It's been ramped to death on HC making the thread a waste of time which makes it a great trading stock as has been written on this thread before.
Classic buy on rumour, sell on fact.

I've been in an out for a bit over the past few months, I'm in at .036 and now i'm intending to hold for the long term and see what happens with their drilling and farm outs.

djhenry1981 said:

I've been in an out for a bit over the past few months, I'm in at .036 and now i'm intending to hold for the long term and see what happens with their drilling and farm outs.

Click to expand...

Been in and out a few times myself. Good one to trade. Out again after todays little run and retrace. If it dips back to <= 4.3 will get back in, funds permitting. Drilling is still quite a way off yet. Farm out announcement will get things moving.

Bought in on this a little while back. It reminded me of Hardman Resources which eventually got taken over. This company has morphed a fair bit.

I will wait till it edges up a little further, sell down enough to free carry the rest.
Actually been trying to do that with a few stocks. Still waiting on many (most) of them.

Re: WHN - WHN Energy

Now known as WHN Energy.

MC - $34m
SP - 2.8c
Shares - 1.2b
Options - 170m
Cash - $8.1m

WHL ENERGY JUNE 2012
• Awarded 100% of Exploration Permit VIC/P67 containing the La Bella gas field discovery (Otway Basin, Australia)
• Seychelles exploration acreage (100%) progressing
• Finalisation of sale of US assets allows focus on core strategy
• Appointment of highly experienced Chairman and Non-Executive Director

Australia
VIC/P67 – 100% (La Bella), Otway Basin, Offshore South East Australia
On 4 May 2012, the Company was formally awarded Exploration Permit VIC/P67 by the Commonwealth – Victoria Offshore Petroleum Joint Authority. VIC/P67 contains the La Bella gas field discovery and several other nearby gas prospects and leads. It is situated in close proximity to a number of commercial gas producing fields operated by Santos, Origin and BHP Billiton.
The now gazetted VIC/P67 (previously 2011 Australian Acreage Release block V11-2) lies in the offshore Otway Basin, approximately 200 km WSW of Melbourne off the Victorian coastline. WHL Energy holds 100% equity in the Exploration Permit.
The work program commitments consist of:
• Year 1 - 1000km Reprocessing of 1000km 2D seismic and studies
• Year 2 - 811 sq. km. 3D seismic acquisition, processing and studies
• Year 3 - Drill 2 exploration wells, acquire 650km of 2D seismic, processing and studies
The 3 year discretionary, secondary work program commitment consists of studies and a well in Year 5.

WA-460-P – 33.3%, Carnarvon Basin, Offshore West Australia (Palta Prospect)
As planned, minimal activities were undertaken in WA-460-P by the Operator, Strike Energy. The major work program obligation consists of a small 3D seismic survey, in 2014. The main activity in the block is monitoring the adjacent Shell operated block, where the Palta prospect will be drilled via the Palta-1 well. WHL Energy understands that the drilling of Palta-1 by Shell in the adjacent WA-384-P with the deep water rig Noble Clyde Boudreaux continues to be on schedule for later this year (2012). The Company looks forward to the drilling of this prospect by Shell which is interpreted to contain 2.5 TCF (100% basis) in WHL Energy’s permit WA-460-P.


Seychelles Exploration – 100%
Since the acquisition of the Seychelles acreage, the Company has received and hosted a number of large oil and gas companies as part of a farm-out campaign. This activity continues with the Company having ongoing discussions with multiple parties.
Despite strong interest from the oil and gas industry, the early farm-out campaign that was based on early stage geological and geophysical studies has not yet been concluded with a partner on suitable commercial terms.
WHL Energy continues to develop the prospectivity of the acreage and has undertaken considerable geological and geophysical studies to assist with optimising the potential areas for further seismic to be acquired and processed.

New Ventures - Africa
The Company has completed an internal review of the region and has high graded a number of areas of interest in both East and West Africa.
A range of opportunities were reviewed in the quarter, but were declined due to either technical or commercial reasons. The Company will continue to identify and review suitable opportunities.

Trading Halt today.
Maybe News on on Shells Palta well?
Maybe a partner for Seychelles permits?
Maybe La Bella news?
maybe something new?

I need something, I have it in the March tipping comp!:

jbocker said:

Trading Halt today.
Maybe News on on Shells Palta well?
Maybe a partner for Seychelles permits?
Maybe La Bella news?
maybe something new?

I need something, I have it in the March tipping comp!:

Click to expand...

it's something on the Seychelles - says so in the trading halt.

On March 2nd, 2017, WHL Energy Limited (WHN) changed its name and ASX code to Quantify Technology Holdings Limited (QFY).

Quantify Technology Holdings Limited (QFY) is an Australia based company is focused on IoT smart home technology and services the home automation sector. They supplies and sells “qDevices" which replace standard power outlets and light switches, and can be controlled by voice, application and/or touch.

How are they doing, these last 5 years? Not so well..... but things are stirring
Quantify Technology Holdings Limited (ASX:QFY) has entered into a Binding Terms Sheet for the acquisition of 100% of the share capital of GSM Innovations Pty Ltd, a wholly owned subsidiary of Gerard Private Holdings (Finance) Pty Ltd. At the same time, it announced a share consolidation and $4m capital raise led by PAC Partners Securities Pty Ltd.

The Company is delighted to announce the acquisition of GSM-I and the capital raise completed on 11 December 2020. The Company now has 600,685,535 shares on issue, following the 25:2 consolidation, acquisition and capital raise. Simon Gerard and Jordan Tentori have been appointed as Directors of the Company.

Beacon Lighting Group Ltd (BLX) is a distributor of the GSM-I products and has invested in the capital raise. Perennial Value Management Ltd has also invested in the capital raise and becomes a substantial shareholder along with Gerard Private Holdings (Finance) Pty Ltd.

Brett Savill, CEO of Quantify Technology comments:

We are excited to have the funding and partners in place to help the devices reach their full potential. This capital raise will help us accelerate growth across all our channels. I am also delighted to welcome Simon Gerard and Jordan Tentori to the board, along with the new employees. The acquisition of GSM-I is a real case of one plus one making three'.

Click to expand...

not sure if this graph since it listed is the real deal, but it does tell a story:

On April 27th, 2021, Quantify Technology Holdings Limited (QFY) changed its name and ASX code to ZIMI Limited (ZMM).