Warrengo Energy: Study Indicate 513 Bcf of Gas in West Erregulla Gas Field
Drilling Activity Details
Drilling Activity Summary
Description
An independent, third-party review by RISC Advisory for Sydney-based Warrengo Energy indicates that in the central area of the West Erregulla gas field has a confirmed 2C contingent resources of 513 Bcf. Additional upside of the central area is 966 Bcf. The review also showed that the prospective resource of the northern area of the field is 102 Bcf. The West Erregulla gas field is in EP 469 in Western Australia’s Perth Basin.The review confirms that West Erregulla is a significant gas discovery with low-risk exploration upside. The Kingia Sandstone is classified as a high quality, conventional gas reservoir. Additional data and further testing of the High Cliff, Dongara and Wagina reservoirs will be undertaken with the planned wells #3-West Erregulla and #4-West Erregulla to make a more definitive determination. No wells have been drilled in the Northern Area, which has been classified by RISC as a prospective resource and has been given a 65% chance of geological success. The Northern Area would become a contingent resource in the event of a successful well.
An independent, third-party review by RISC Advisory for Sydney-based Warrengo Energy indicates that in the central area of the West Erregulla gas field has a confirmed 2C contingent resources of 513 Bcf. Additional upside of the central area is 966 Bcf. The review also showed that the prospective resource of the northern area of the field is 102 Bcf. The West Erregulla gas field is in EP 469 in Western Australia’s Perth Basin.The review confirms that West Erregulla is a significant gas discovery with low-risk exploration upside. The Kingia Sandstone is classified as a high quality, conventional gas reservoir. Additional data and further testing of the High Cliff, Dongara and Wagina reservoirs will be undertaken with the planned wells #3-West Erregulla and #4-West Erregulla to make a more definitive determination. No wells have been drilled in the Northern Area, which has been classified by RISC as a prospective resource and has been given a 65% chance of geological success. The Northern Area would become a contingent resource in the event of a successful well.