Ann: Warro Update, page-6

Doesnt tell us much EXCEPT...that the water associated with the gas column is diminishing and the flow rate is still decent given they only perforated and fractured a small section of W6 for calibration purposes. Water is going the right way...down...which is a good sign in my opinion. Still early days. Noted they only perforated 20 metres (of C3 sand) in W5. Cant expect much more than 1mmscf/d from such a small test frac in tight sands. Looks like they decided not to publish the W5 flow rate just yet given it is still cleaning up and has only been opened on choke for a few days.

BTW, for those that dont understand the mention of water in the context of a jet pump, I suggest you do a bit of reading on jet pumps and why they are commonly used in oil and gas wells. Some water at this stage is normal in my opinion and importantly it is diminishing and not choking off the well as with the masses of fault driven water in W3 and W4. Time will tell and DYOR of course.

Marxist