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About Warrego Energy
About Warrego Energy

About Warrego Energy

AMBITIOUS, PROGRESSIVE AND DETERMINED. NO COMPROMISES.

We challenge each and everyone of our team to deliver;

  • Technical excellence and innovation in everything we do.
  • The highest environmental & health and safety standards at all times.
  • Outstanding stakeholder engagement.

Warrego Energy Limited (ASX Code: WGO) is a UK / Australia based petroleum exploration, development and production company with assets in Australia & Spain.

Warrego Energy’s key projects are;

EP469 WESTERN AUSTRALIA, PERTH BASIN

West Erregulla is a material standalone conventional gas prospect with prospective volumes up to 1.6TCF of gas with similar characteristics to the Waitsia field.

Warrego (ASX:WGO) farmed out 50% and operatorship of the permit in 2018 to Strike Energy in return for an AU$11M drilling programme investment which saw the well spud in May 2019. Subsequent seismic reprocessing by Strike revealed higher resource estimates and an additional tertiary drilling target which have confirmed the asset’s status as a tier 1 conventional gas prospect.

TESORILLO PROJECT IN CADIZ SPAIN

Warrego (ASX:WGO) are targeting conventional sandstone gas reservoirs on 94,000 acres. The Almarchal-1 well drilled in 1956 is the discovery well of what is very likely a large by-passed gas field. It was drilled by the Spanish firm Valdebro and intersected a thick section of possible gas pay which upon testing flowed gas to surface. The well is located 3km from the North African Maghreb gas trunkline providing ready access to high priced European gas markets. Under a share purchase agreement signed in mid-December 2017 up to 49.9% of the Tesorillo Project will be sold to AIM listed Prospex Energy Plc. Sale proceeds of €2.05m will be used by Warrego to fund its share of an agreed Tesorillo work programme (estimated at €3.8m) which includes  agnetotelluric programmes (MT) and if successful, a well to target the Almarchal-1 discovery drilled in 1956. Netherland, Sewell and Associates (“NSAI”) have independently certified an unrisked Prospective Resource of up to 2.3 TCF (1,946 BCF 85% net to Warrego reducing to 1,147 BCF 50.1% net to Warrego upon completion of Prospex Share Purchase  agreement) for the Tesorillo Project.

COOLCALALAYA / NORTH PERTH BASIN IN WESTERN AUSTRALIA

In March 2019, Warrego Energy (ASX:WGO) exercised a call option over 100% of STP-EPA-0127 which on final grant will be 2.2m acres (8,700 square kms) and will be the largest exploration permit in the Perth Basin.

STP-EPA-0127 is in the Coolcalalaya Sub Basin (central-northern part of the Perth Basin) and is underlain by up to 6,000 metres of upper Palaeozoic sediments ranging in age from Permian to Devonian.

EPA-0127 is 130km north of the Mitsui - Beach Perth Basin Waitsia play which has re-invigorated Perth Basin exploration and development and is the largest onshore conventional gas discovery in Australia for the last 40 years.

Negotiations with the relevant indigenous communities have taken place over a number of years and are expected to be concluded during 2020.

highlights

5,100
Depth in metres of West Erregulla-2, the deepest well drilled in onshore Australian history.
69MMSCF/D
Maximum flow rate in million standard cubic feet of gas per day from the West Erregulla-2 Kingia Sandstone flow test.
155 PJ
Warrego executed a binding gas sales agreement (GSA) for 155 Petajoules of natural gas with Alcoa of Australia Ltd commencing 2024.

warrego energy

Find out more about Warrego Energy, a next generation energy business focused on creating maximum stakeholder value.
about
"We are excited about the WE-3 well and its potential to add significant 2C Contingent Resources to our overall field volumes as it tests the previously undrilled northern area of the field."
David Biggs - CEO, Australia
"To achieve certified 2C Contingent Resources of 513 Bscf gross from only one well confirms West Erregulla’s status as a world class asset with significant upside potential. "
Dennis Donald - Warrego Energy Group CEO & Managing Director
"Warrego's Perth Basin asset West Erregulla is officially a world-class resource."
Dennis Donald - Warrego Energy Group CEO & Managing Director
"Whilst we have seen significant short-term shareholder value creation, the journey for the true underlying value of our total asset portfolio has only just begun."
Greg Columbus - Warrego Energy Chairman

australia registered office

Level 6, London House
216 St George's Terrace
Perth, WA 6000
ABN 82 125 394 667

Tel: +61 292 549000

united kingdom

39 Albert Street
Aberdeen, AB25 1XU, Scotland

Tel: +44 1224 974980
Email: contact@warregoenergy.com

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© Warrego Energy 2020