Warrego Wins New Contracts, Makes Strategic Appointments

Warrego announced three new strategic appointments and two new contract awards. These announcements were made at the beginning of three weeks of meetings with potential investors and gas buyers in Western Australia.

Duncan MacNiven, director of Warrego said, "We have just secured funding to advance the appraisal program and build up our corporate and technical teams in Aberdeen, London and Perth. Today, we can introduce Mark Routh as chairman, Owain Franks as chief financial officer and Rob Marshall as our Perth-based asset manager.

"Mark, who has also invested in Warrego, was formerly founder and managing director of CH4 Energy in the UK, which was sold to Venture Production in 2006 for £153 million. Prior to this, Mark worked at Hess, BP and Schlumberger. Owain joins Warrego from PricewaterhouseCoopers (PwC) where he was a partner for 21 years specializing in the international oil & gas sector. During that time he was managing partner of the PwC UK, European and Global Human Resource Consulting practices helping grow them into one of the three largest HR consulting practices in the world. Rob brings many years of relevant experience to Warrego. He was asset manager for Premier in India and ultimately Premier's group development manager overseeing production and development activities for the company worldwide. He has worked throughout Western Australia and has a tremendous reputation locally.

"We can also introduce two new Perth based commercial partners; AddIPS, awarded the West Erregulla-2 well engineering contract, and AGR, who are providing geology and geophysics support, have secured a contract to manage essential core work. We are pleased that this important work is now underway.

"Together, we will apply the right technology, in the right way, at the right time, to profitably, reliably, meet the future energy needs of Western Australia. We will use our international team's tenacity and talent to release the huge potential buried deep below the North Perth Basin. The West Erregulla-2 appraisal well is scheduled for early 2012 and we have our sights set on first commercial gas in 2014. I'm delighted to welcome Mark, Owain and Rob. The strength and depth of their experience, their energy and enthusiasm, will enable us to accelerate our activities."