Whitebark Energy Identifies New Dry Gas Zones at Warro Following Major Technical Review

Whitebark Energy (ASX: WBE) has confirmed the presence of previously unrecognised dry gas intervals at its 100%-owned Warro Gas Field in Western Australia, following a comprehensive re-evaluation that significantly enhances the project’s commercial potential.

The independent petrophysical study, led by renowned global specialist Steve Adams of The Petrophysics Limited, identified thick gas-bearing intervals with minimal mobile water in the Yarragadee Lower Formation—a high-quality reservoir unit Whitebark now considers a prime target for re-completion and testing.

Chief operating officer Mr Nik Sykiotis said the findings mark a technical breakthrough for Warro, which has long been recognised as one of Australia’s largest undeveloped onshore gas fields.

Untapped Gas Potential

The study applied advanced analytical techniques to historical well data from six Warro wells, revealing that earlier completion programs had stimulated overly broad intervals, inadvertently including water-bearing zones that suppressed gas flows during testing.

By isolating specific dry gas zones and identifying points of water ingress, the new interpretation provides a clearer picture of Warro’s true potential, with historical data suggesting the field holds between 4.4 and 11.6 trillion cubic feet of gas in place—a scale that could make it WA’s largest onshore gas resource.

“This new interpretation gives us confidence that Warro still holds significant intervals of dry gas potentially capable of commercial flow,” Mr Sykiotis said.

Whitebark plans to integrate production data from the Warro 3 and 4 wells into its updated petrophysical model before designing a selective re-completion and re-test program to target the newly defined dry gas zones.

Just 200 kilometres north of Perth and 30km from the Dampier-to-Bunbury Natural Gas Pipeline, Whitebark believes Warro offers a strategically positioned, large-scale domestic gas opportunity.

Funding Supports Acceleration

To advance the next phase of work, Whitebark has completed an oversubscribed $750,000 placement at $0.005 per share with one free attaching option for every two shares subscribed.

Chair Mark Lindh has committed to invest $100,000 on the same terms, subject to shareholder approval, with institutional investors also supporting the issue.

Proceeds will fund preparation for re-completion activities and further technical studies aimed at confirming commercial gas flow.

“This is a major step forward in delivering one of Western Australia’s most significant onshore gas assets,” Mr Sykiotis said, adding that the results marked a turning point for the project and the company.