Western Australian Operations – Warro Gas Project (WBE 100% WI)
The Company commenced a formal divestment process for its Warro Gas Project during September 2020. The decision to divest is a culmination of a strategic review of the asset over the previous 12 months together with increased interest in the project in the current WA gas market.
Recent activity in the Perth Basin presents opportunities to further investigate this massive gas field as an onshore option to shore up domestic gas supplies. Successful outcomes from this process may include farm-in, outright sale or an alternative transaction structure and discussions continue with a limited number of companies.
The Warro gas field is located in Retention Lease 7, 200 kilometres north of Perth and is 100% owned by Whitebark. The project is ideally located just north of the large ~650 Terajoule per day Perth market and is 30km east of both the Dampier-Bunbury Natural Gas Pipeline and the Dongara-Perth Parmelia Pipeline which gives full access to the 1,200 Terajoule per day Western Australian gas market.
The Warro project continues to be in care and maintenance, awaiting Government guidance on the regulatory changes to be made to implement the recommendations of the Fracking Inquiry.