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WFW advises WHAM Energy plc on recommended offer by Venture Production plc

3 October 2007

Watson, Farley & Williams LLP (WFW) is acting for WHAM Energy plc (WHAM) on a recommended offer by Venture Production plc for the entire issued and to be issued share capital of WHAM. The offer is to be implemented by way of a scheme of arrangement under section 425 of the Companies Act, involving a capital reduction under section 135 of the Companies Act. The offer values the issued and to be issued share capital of WHAM as at 24 September 2007 at approximately 13.6m and 12.1m respectively.

WHAM was incorporated in 2003 as an upstream oil and gas company with a strategy of focusing on exploration in the southern North Sea Gas Basin. It currently has a balanced portfolio of 10 licenses covering 21 blocks or part blocks.

This transaction is led by partners, Jan Mellmann, Mike Wachtel and Nick Fothergill, with Assistants, Chris Kilburn and Ravinder Sandhu.

Jan Mellmann commented: “We are delighted to have been chosen by WHAM to see them through this transition to be part of a larger company. This deal serves to illustrate just why WFW has one of the strongest reputations as an adviser to companies in the natural resources and energy sectors, where we represent the largest number of such clients listed on the AIM Market.”

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For further information, please contact:

Christopher Bane, PR and Communications Manager
London Office
Tel: 020 7814 8083
E-mail: cbane@wfw.com

Editors Notes:

  1. Watson, Farley & Williams is an international law firm with offices in London, New York, Paris, Rome, Athens, Hamburg, Singapore and Bangkok. The firm currently has 200 lawyers and over 350 staff.
  2. Jones Day is acting for the Venture Production.
  3. Watson, Farley & Williams focuses on three key sectors where it is recognised for its specialist knowledge and expertise; Maritime, Energy and Finance & Investment. The firm advises on international finance, corporate and commercial matters, mergers and acquisitions, corporate finance, taxation, dispute resolution and real estate law. Our legal teams advise on English, German, French, Greek, Italian, Russian, New York, US federal and Thai law and we maintain active relationships with leading law firms in many countries.