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Additional Information

Market:	ASX
Sector:	Alternative Energy
EPIC:	WHE
Latest Price:	0.15 (0.00%)
52-week High:	0.65
52-week Low:	0.14
Market Cap:	36.38M

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Wildhorse Energy Full Wildhorse Energy profile here

Wildhorse Energy Ltd (ASX: WHE) is an emerging alternative energy company focussed on developing underground coal gasification (‘UCG’) projects in Central Europe. The Company’s primary focus is to become a major supplier of fuel in the region by producing syngas as a feedstock for power stations located in close proximity to Wildhorse’s strategically located coal assets.

WildHorse Energy raises funds to progress Hungarian uranium project

Tuesday, June 30, 2009

Development prospects of WildHorse Energy's (ASX: WHE) Pecs uranium project in Hungary have improved.

WildHorse Energy has raised $2.9 million via a one for four entitlement issue at 10 cents per share.

Funds will be used to develop the Mecsek Hills (Pécs) project in Hungary - specifically in progressing the cooperative agreements with Mecsek‐Öko and Mecsekerc. Mecsekérc is the state owned privatised company in Hungary.

Europe is the world’s largest uranium market.

This has resulted in a technical and economic evaluation of the project area. A preliminary scoping study of the Mecsek Hills project has suggested development potential of the project. An environmental license has been granted for drilling program at Pécs to increase the resource base.

Investors may recall that current JORC inferred resource at Mecsek Hills is 30mlbs at a grade of 0.08% U3O8 for the project. Exploration target for the Mecsek Hills project area is 90 to 120 mlbs of U3O8 with a grade range of 0.08‐0.12%.

WildHorse will commence drilling and continue resource definition and the start of a Pre-feasibility study.

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