Whitebark - Warro Field Would Benefit From West-East Gas Pipeline

  • Whitebark Energy supports Federal Government Pre-Feasibility Study into the development of a West-East gas pipeline;

  • Proposed pipeline would open up the gas market and support long term demand required to commit to funding;

  • Highlights need for State Government to move swi ly with fraccing inquiry

    Energy producer and explorer Whitebark Energy Ltd (ASX: WBE) (“Whitebark” or “the Company”) notes the announcement by the Federal Minister for the Environment and Energy, the Hon Josh Frydenberg MP, regarding the appointment of ACIL Allen, in conjunction with GHD, to undertake a pre-feasibility study (PFS) on the economic potential of a West-East Gas Pipeline.

    The PFS is assessing the viability of constructing a natural gas pipeline to provide additional gas supplies and increase competition in the east coast gas market. The Government expects to receive the PFS report in March 2018.

    Whitebark Energy supports the PFS and the potential for the West-East Gas Pipeline as a catalyst to opening up demand for gas from its 57% owned Warro Project. The Warro Project, located northeast of Perth, has 8-10 trillion cubic feet (Tcf) in place and potentially 1.7 – 3.6 TcF of recoverable gas (Refer ASX announcement 19 November 2015).


    Work on the Warro Gas Project has been suspended while the WA Government completes an independent scientific inquiry into hydraulic fracturing.

    The Company is hopeful that a positive PFS report on the West-East Gas Pipeline and an expeditious completion of the hydraulic fracturing inquiry, will increase the economic viability of the Warro tight gas project.

    Commenting on the PFS announcement, Whitebark Energy's Managing Director, David Messina, said “We fully support the Federal Government's investigations into the viability of a West-East Gas Pipeline. Such nation building infrastructure, coupled with what we hope will be a sensible resolution to the fraccing inquiry, should go a long way to opening up the WA gas fields.

    “As Warro is a tight gas development play, it requires long term sales contracts supported by demand. The proposed pipeline opens up the opportunity for new sales channels to be explored, with pricing based on east coast demand.”


Visit source site

Whitebark EnergyWarro FieldAustraliagaspipeline

More items from oilvoice

EIA Expects Total U.S. Fossil Fuel Production to Reach Record Levels in 2018 and 2019

Source: U.S. Energy Information Administration, Monthly Energy Review and Short-Term Energy Outlook In its January 2018 Short-Term Energy Outlook (STEO), EIA forecasts that total fossil fuels production in the United States will average almost 73 quadrillion British thermal units ( ...

OilVoice Press - OilVoice

Posted 7 hours agoOpinion > EIAEnergy Information Administration EIAFossil Fuels +6

Mammoet Awarded Contract for Africa’s Biggest Oil Refinery

Mammoet contracted to provide heavy lifting and transport solutions for new Dangote Oil Refinery During a signing ceremony in Lagos on Tuesday , January 16, the Dangote Group of Companies and Mammoet signed the contract for this ambitious project. The new multi - billion - dollar refin ...

OilVoice Press - OilVoice

Posted 9 hours agoPress > AfricaOil RefineryDangote +3

Wentworth Resources: Tanzania Reserves Update

Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, is pleased to announce the results of its annual independent evaluation of the gas reserves within the Mnazi Bay Concession in Tanzania, carried out by RPS Energy Canada Lt ...

OilVoice Press - OilVoice

Posted 9 hours agoPress > Wentworth ResourcesClose of businessTanzania +4

S&P Global Platts Survey of Analysts Suggests U.S. EIA Data to Show 189-Bcf Draw to Natural Gas Stocks

WASHINGTON (January 17, 2018) – The U.S. Energy Information Administration (EIA) on Thursday is expected to report a 189-billion cubic feet (Bcf) withdrawal for the week that ended January 12, according to a survey of analysts by S&P Global Platts, the leading independent provider of information an ...

OilVoice Press - OilVoice

Posted 1 day agoOpinion > S&P Global PlattsUSUnited States +4

S&P Global Platts Preview of U.S. EIA Data: Likely to Show Crude Stocks Fell 425,000 Barrels

NEW YORK (January 16, 2018) – Tightening US crude stocks recently turned NYMEX crude's nearby term structure to backwardation, which could attract even more speculative length into the market and help sustain higher prices, according to a Tuesday S&P Global Platts preview of this week's pending U.S ...

OilVoice Press - OilVoice

Posted 1 day agoOpinion > S&P Global PlattsUSUnited States +4
All posts from oilvoice