Ann: Warro-5 & 6 Testing Continues, page-15

Hi! Allyoops2.
Just sold all my shares at a substantial loss, as well. Some money is better than none. I was hoping that the advances in Hydraulic Fracturing may have unlocked the gas. A review conducted by a team of US-based tight gas specialists led by Dr Keith Shanley in 2012, from the geology consultancy The Discovery Group, confirmed that the field holds large volumes of gas potentially accessible at high flow rates and, most importantly, that there is "likely to be a manageable solution to the water production associated with previous wells, that has dogged the project thus far".
WAPET, which discovered the field, was a joint venture between Shell, Chevron, Texaco, Caltex and Ampol and was eventually absorbed into Chevron in 1999. Independent experts Gaffney Cline estimated the Warro field contained a P50 recoverable resource of 1.1 Tcf of the estimated 8-10 Tcf of gas in place. However, the field was not considered commercial when discovered. Well it looks like the water issue is being managed but the flow rates are dropping and I am suspiscious about other issues that we don't know about. I also feel that the demerger of the Montney assets was not in the best interests of the company or the shareholders. It is now Warro or nothing.
There seems to be some genuinely good guys on this TSV site. I too, hope you guys do OK but looking at the oil and gas companies that have been associated with some of these people (GGE TMK TSV) it does not look good. IMO DYOR GLTA
Kabbroom