Padlock,
What's even better is that that 8-10 TCF is only going to get better.
"In light of this, Transerv has commissioned an independent consultant to recalculate the estimated volume of gas-inplace at Warro. The current gas-in-place estimate stands at 8-10 trillion cubic feet, making Warro Australia’s biggest undeveloped onshore gas field. Transerv Managing Director Stephen Keenihan said the latest well results were an important, positive step towards the potential commercialisation of the Warro field. “We believe that these results will significantly expand the gas-in-place estimates ahead of the commencement of the flow testing programs on Warro 5 and 6 early in 2016.”
Also, we now have to wait a little while for fraccing, but in the meantime we might get a juicy prospective resources update...and what will they do with regards to those hydrocarbons shows. Will be get more information about that before fraccing?
TSV Price at posting:
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