"Warro Project Background The Warro field lies 200km north of Perth in the Perth Basin and is one of the largest undeveloped onshore gasfieldsin Australia. Transerv currently has a 57 per cent stake in Warro and is the project operator. Alcoa is earning up to 65 per cent under a farm‐ in agreement, by funding $100 million of exploration and development work at Warro. Warro 5 and 6 have been drilled and tested as part of the Alcoa farmin arrangement. Based on expenditure to date, Alcoa have the right to an interest of approximately 63.5%. "
Does this mean that the $100 mill has almost gone!!!
TSV Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
