Transerv Energy

Transerv Energy reported that the Warro field onshore Western Australia may be bigger than previously thought, after the Warro-5ST well encountered a 574-ft gas interval. The well remains in gas at a total depth of 14,507 ft, which reinforces the case for a field potential of 8 Tcf to 10 Tcf of gas in place, the company said. The well was slated for stimulation and testing. Drilling on the nearby Warro-6 well was to begin in early October. Transerv and Alcoa hold 35% and 65% interests in the field, respectively.