Date Posted: 2011-08-01 17:46 New Issue: Wildhorse Energy Ltd Wildhorse is an Australian incorporated and ASX listed company focused on developing UCG projects in Central Europe. The Company's principal portfolio of assets currently consists of:
(a)the following UCG projects located in Hungary:
(i)the Mecsek Hills UCG Project comprising an area of 420km2; (ii)the Izabela UCG Project comprising an area of 46.1km2;
(iii)the Amelie UCG Project comprising an area of 25km2; and
(iv)the Ciko UCG Project comprising an area of 48.8km2,
each of which have coal deposits which demonstrate potential suitability for UCG application; (b)an interest in the Mecsek Hills Uranium Project which spans the Company's 42.9km2 Pécs licence area and Mecsek-Öko's neighbouring estimated 19.566km2 MML-E licence. The MML-E licence is owned by Hungarian state owned entity Mecsek-Öko, which is an unconnected third party of the Wildhorse Group, and is subject to a non-binding co-operation agreement with the Company. The Company does not currently have any rights to the resource in this licenced area. In addition to the Mecsek Hills Uranium Project, the Company also has an interest in three Hungarian uranium exploration projects in Dinnyeberki, Máriakéménd and Bátaszék which cover an aggregate area of 201.6km2; (c)three uranium projects in Wyoming and Colorado in the United States (being the US Projects) which the Company believes are prospective for uranium and vanadium (in the Colorado area).
The Company also owns intellectual property in UCG technology through its South African subsidiary, Wildhorse Energy (SA) (Pty) Ltd.
Please refer to the Appendix for the defined terms.
Listing exchange: AIM
Expected first day of trading: 2011-08-02
Expected money raised: Nil Any information, prospectus or other document, or any hypertext link to any of the aforesaid should not be construed as advice on investments or a personal recommendation by ALL IPO plc and is being offered on an execution-only basis. Any decision to invest should be made only after careful consideration of the relevant documentation and particularly after acceptance of the full terms and conditions relating to the specific investment opportunity. Share prices, values and income can go down as well as up and you may get back less than the amount you invested. If in doubt about the suitability of investments referred to in this communication and on our website, you should consult an investment adviser authorised under the Financial Services and Markets Act 2000. |