TSV 0.00% 0.8¢ transerv energy limited

Ann: Warro Update, page-2

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  1. MFK
    65 Posts.
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    Warro-6 well sustains substanal gas flows
    as water producon rate falls by half
    Warro-5 well records inial gas flows as clean-up progresses
    ahead of full tesng
    Transerv Energy (ASX: TSV) is pleased to announce that the Warro-6 well at the Warro
    onshore gas project in WA has maintained a constant, substan=al gas flow over the
    past week in another promising sign for the project’s economic poten=al.
    Results from tes=ng at Warro-6 also reveal that the water-to-gas ra=o has reduced by
    more than 50 per cent during the past week and is con=nuing to improve.
    Warro-6 gas flow rate has been reasonably constant over the past week, averaging
    1.3mmcfd. A liquid volume equivalent to the s=mula=on fluids injected into Warro-6
    has been now recovered from the well. The jet pump is being used to deplete the
    water in the reservoir associated with the gas. This process is proceeding according
    to plan.
    At the Warro-5 well, ini=al gas flows have been recorded as the well clean-up
    progresses. The flow rates are yet to stabilise and are con=nuing to improve.
    Transerv Managing Director Stephen Keenihan said the results from both wells were
    in line with Transerv’s expecta=ons at this stage.
    “We designed these wells in such a way that we could use the jet pump to remove
    excess water from the reservoir sec=on and establish the free flow gas poten=al of
    the wells,” Mr Keenihan said.
    “This work is going according to plan. Our objec=ve now is to flow the wells using the
    jet pump un=l the water rate reduces to acceptable levels, this may take several​
    weeks. ” Mr Keenihan said.

    ** should be Held + Hold
    Last edited by MFK: 09/02/16
 
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