Warro is punt, the public domain information on the field has...

Warro is punt, the public domain information on the field has been 'enhanced' to make it look like an appraisal programme, when in reality it is pure exploration. Tight gas is a numbers game, number of wells, cost of the wells and fracture treatments, long term deliverability of each well, and the price received for the gas. get one component wrong and the whole lot falls in a big heap. Warro has not flowed any commercial or vaguely commercial quantity of gas yet, and the rocks are very different to US tight gas projects being touted as look-a-likes. I wait with interest as to the outcome. Alcoa are taking a punt, securing a long term supply of their most expensive raw material is strategic move.