Yes Salty could be a good Christmas.They r having a crack mate...

Yes Salty could be a good Christmas.

They r having a crack mate that's for sure.

It is just so disappointing watching a great build on .004 and then gets hammered. Big Q is just when will all this stop?

Looks like massive turnover required here for traction. Not trying to be a downer but a realist.

No doubt some very good news will create some big absorb at this very low price. We need it. Couple of good announcements in a row.

DM will do his very best to get us moving again that's for sure.

Hey at least we have plenty of cash in the bank. We just got the mighty Warro back to life!!!

It's been a while folks so here is a little refresh on what we have 100% now -

Warro tight gas field is located in blocks EP 407 and EP 321 onshore, within the Perth Basin in Western Australia. It is one of the biggest undeveloped onshore gas projects in the region. The field covers an area of 7,000ha and is located at a depth of 3,750m.

The Warro field has the potential to supply more than ten percent of Western Australia’s gas consumption. Natural gas makes up nearly half of the energy supply of the region. The project is also located close to main transmission pipelines enabling easy gas transportation.

Warro was discovered in 1977 by West Australian Petroleum with the drilling of the Warro-1 well. The well struck a substantial gas column. Warro-2 well later confirmed the potential of the field when it encountered a 390m gas column in the Yarragadee Formation.

The Warro field reservoir is a compressional anticline containing a four way dip closure. It is made of low permeability sandstones similar to the majority of the tight gas fields across the world. Fracture stimulation is required to recover gas from such fields.

The field is estimated to contain nearly eight to ten trillion cubic feet (tcf) of total gas in place. Recoverable reserves are estimated at 3tcf to 4tcf of gas.

Warro-3 was drilled between March 2009 and October 2009. Warro-4 was drilled between April 2011 and November 2011 to a depth of 4,137m. It flowed at the rate of 600,000 cubic feet of gas each day. The wells further confirmed the presence of significant gas reserves at the field. They generated substantial gas flows at good rates.

A 3D seismic study was also acquired in March 2011. An independent review, carried out in March 2012, has revealed that the development wells at the field can produce eight to 12 billion cubic feet (bcf) of gas for nearly ten years.

Makes the mouth water. Come on DM and team get us a deal on this Please.

GLTASH

Pumper