TSV turns on the gas at Warro

Published at Feb 2, 2016, in Energy

Warro-6 in the North Perth Basin is flowing at 1.3 million cubic feet of gas per day, and the well has yet to stabilise.

Transerv Energy (ASX:TSV) has told investors today that the potentially game-changing well has started to flow gas to the surface during the early stage of testing, post hydraulic fractrure.

Gas is flowing to the surface at 1.3MMcfd, with a jet pump helping to lift fluids out of the well.

TSV said, however, that the amount of lift provided by the jet pump is getting less and less as the rate of gas to the surface increases.

Producing gas to the surface, even at this early stage will be seen as a boon for TSV as it has been traditionally difficult to produce gas at the Warro field.

Total gas-in-place figures based from the drilling of Warro-5 and Warro-6 stands at 11.6 trillion cubic feet, which according to TSV equates to $1.8 billion at current market prices.

“While it is very early days in our long term testing programme of Warro-6, and the well is yet to stabilise, we are encouraged by the flows we are seeing at this early stage,” TSV managing director Stephen Keenihan said.

The well is being placed on a long-term testing program in order to measure the production potential of wells drilled at the field over a number of months.

Warro-5 has almost been completed for testing, with TSV telling investors that testing could start as in little as 48 hours.

Location of the Warro gas field

Location of the Warro gas field

About TSV

Both Warro-5 and 6 are in the onshore Perth Basin, which has been pegged as one of the more promising petroleum basins onshore Australia. TSV has a 35% stake in the field, with industrial player Alcoa holding the rest.

While larger onshore plays exist to Australia’s north and north west, the Perth Basin has the advantage of being close to the robust south west WA gas market.

At the end of September TSV completed the Warro-5 well down to 4422m, hitting a massive gross gas-bearing interval of 175m, with 130m of net pay within three stacked sand intervals, with the gas column 60m deeper than anything previously encountered at Warro.

Warro-6 on the other hand was completed down to 4462.5m, deeper than Warro-5 as TSV wanted to test a deeper horizon.

The well hit a gross interval of 315.5m, with net pay of 210m.

Crucially, both wells finished ‘in gas’, meaning that there is the potential for deeper gas down the road.

Where to invest $1,000 right now

When the experts at Next Investors have a stock pick, it may pay to listen.

The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.

They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.

Click the link below to see what they are currently investing in.


S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!