WHN

Everything points to a great future but most drilling rigs end up with no hydrocarbon. You have great seismic studies, great analysis by "experts", great efficient drilling (not common!), great hype and great management... but you need real result at the end of your exploration.

For those wanting a flutter or even to trade, WHN is fantastic. There are prospective billions of barrel of oil in the waters that surrounds Seychelles. It is only over 1000km from Somalia so there is pirate issue too. But if oil is found, then you can never afford to visit these islands again! But I can...

Some of you may remember PCL. It has exactly the same history. WHN has some major companies pouring over its seismic studies to see whether it is worth doing joint ventures. PCL has already collected a few big firms to pay for the exploration in exchange for a share of the spoil.