Transerv acquired Australian utility company Latent Petroleum, which owned the exploration rights to the Warro gasfield in the Perth Basin.

Transerv strikes gas in Warro

Australia

PERTH, September 24, 2015 – Australian upstream company Transerv has found a significant gas play in the Warro field in Western Australia, the company reported in a Thursday press release.

The results from the Warro-5ST well, drilled to a depth of 4,422 metres, include about 130 metres of net gas pay in massive stacked sands.

 

“The fact that the well was still in gas at total depth, pointing to additional deeper reserve potential, shows the potential for the Warro field to be even larger than previously thought,” Transerv executive director Stephen Keenihan said in the press release. “While stimulation and testing needs to be carried out to determine the full commercial significance of the well, these results are highly promising.”

The Warro gasfield lies about 200 kilometres north of Perth, Australia. It has a potential 283 bcm (10 tcf) of gas reserves, of which 85 bcm (3 tcf) is recoverable. The company has two other wells already in operation in the field, and plans to spud another well in ten days’ time.

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