Warrego Energy

Warrego was formed to invest in onshore unconventional gas opportunities overlooked or bypassed by more traditionally focused E & P businesses. Warrego recognises the growing importance of unconventional hydrocarbons in the energy mix and understands the need for technology and innovative thinking to successfully exploit these resources. As conventional hydrocarbon resources deplete and increasingly fall under the control of the national oil companies, independent oil companies have begun moving into the unconventional sector. Warrego anticipated this global trend and consequently enjoys first mover advantage in Western Australia. Warrego has already built expertise in this buoyant sector and has assembled a suite of technologies and services specifically designed to unlock value in unconventional gas projects. Late in 2007, the Western Australian Government released the West Erregulla concession to competitive tender. Warrego's bid was successful in the face of stiff competition because of the strength of the company's technical proposals and innovative approach. In 2008, the company was conditionally awarded the permit and worked through the global financial collapse to build value in the asset by: Securing Native Title agreement with the Amangu people Obtaining unconditional grant of Licence EP469 Undertaking various blocks of technical, environmental, engineering and modelling work Raising private equity capital to progress the pre-appraisal programme leading to an appraisal well early in 2013