While the rates seen from the selected producing zones at Warro-5 and 6 are presently not high enough to be commercial in their own right, the wells have confirmed that producible gas is present in the lower part of the pay sectin. The previous wells, Warro-3 and 4, supplement the results of Warro-5 and 6 and altogether provide a fuller understanding of the potential of the entire pay sectin. For example, Warro-3 flowed approximately 2mmcfd with similar water rates for over a week before attmpts to close off the water were carried out. While not strictly additive, each well has established flow from a different reservoir level. By recognising this, and lifting the restraint imposed on the frac approach by the previous fault model, the Joint Venture has commenced a re-evaluationon of the field.
In bold, this is good news people.
TSV Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
