Oz Warrego Approves West Erregulla Plan

Sydney-listed Warrego Energy April 27 said it has agreed to the appraisal and work plan as well as the budget for EP469, West Erregulla, located in the onshore Perth Basin, Western Australia.

The approved appraisal plan provides for the West Erregulla-4 well and, West Erregulla-5 to be added to the West Erregulla-3 drilling and 3D seismic programme, the company said. The 3D seismic will be shot over a substantial portion of the remaining part of EP469.

West Erregulla-3 is currently planned to be drilled in the second half of 2020. The decision of whether to drill West Erergulla-5 will be made before the end of November.

“Importantly, the decision to approve the appraisal plan will allow the joint venture to take advantage of the current lull in exploration activity in the short-term and in the long-term will position Warrego to benefit from the expected market tightening and likely shortfall in domestic gas supply following confirmed delays to major offshore LNG projects,” Warrego said.

Warrego is partnered at West Erregulla with fellow Australian explorer Strike Energy in a 50:50 equity split. Earlier this year, Warrego appointed Cathy McKeagney as general manager commercial, who will be looking after gas marketing strategy and overseeing commercial matters associated with the West Erregulla development.