Warro tight gas field is located in blocks EP 407 and EP 321 onshore, within the Perth Basin in Dandaragan Western Australia.
It is one of the biggest undeveloped onshore gas projects in the region. The field covers an area of 7,000ha and is located at a depth of 3,750m.
It is owned jointly by Transerv (35%) and Alcoa (65%). Transerv is the operator of the field.
The Warro field has the potential to supply more than ten percent of Western Australia's gas consumption. Natural gas makes up nearly half of the energy supply of the region. The project is also located close to main transmission pipelines enabling easy gas transportation.
The eagerly-anticipated drilling program at Transerv Energy’s (ASX: TSV) Warro gas field in WA has reached fever pitch following this week’s revelation that the size of the field had doubled on the back of the latest strong results.
Analysts are thought to be further upgrading their valuations on Transerv after it announced that an independent assessment of Warro, already Australia’s biggest onshore gas field, had increased the estimated gas in place by up to 220 per cent.
The reports highlighted the potential of the current drilling program to unlock Warro’s huge commercial potential by establishing that the gas can flow without producing too much water.
The new assessment by consultants RISC Advisory indicates a contingent resource (low estimate) of 2.4 trillion cubic feet of gas in-place, which is approximately double previous estimates.
This category is deemed to be the lowest-risk portion of the resource and would be the basis of any project development.
The RISC assessment increased the total estimate to 11.6 trillion cubic feet, a rise of over 15 per cent.
The new resource estimates follow the two latest highly successful wells which were drilled at Warro as part of the program being funded by Alcoa of Australia.
Alcoa can earn up to 65 per cent of the project.
RISC review highlighted the immense potential for Warro – already the biggest undeveloped onshore gas field in Australia – to become a major player in the State’s domestic gas market.
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