05.20.15

Private equity gives $4 million boost to WHL’s offshore oil exploration activities in Seychelles

Posted in Business and Economy, Seychelles companies at 1:26 pm by Robert Klien

Australian hydrocarbons explorer WHL Energy announced having received a loan of $4 million from a US investor, Magna Equities. The first tranche of $125,000 will be used to maintain its ongoing oil exploration activities in the Seychelles and its ‘La Bella’ gas prospecting project 200 kilometres west-southwest off the coast of Australia.

WHL Energy holds a 12,856 square kilometre offshore exploration area in the Seychelles.

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