5 Nov 2009drilling progress report● Neutral
Innamincka Petroleum forwarded Origin's Trefoil 2 update: 2,520m, casing retrieved and patched, rig maintenance before drilling ahead. Duplicate of the operator's release.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
4 Nov 2009drilling progress report● Neutral
Beach's weekly report shows Origin (13.19%) in Santos-operated wells: Daralingie-40 re-entry and deepening, and Kercummurra-2 (10%) cased and suspended as a potential oil producer. Other wells listed have no Origin interest. No Origin-specific announcement.
29 Oct 2009drilling progress report▼ Bad
Trefoil 2 stayed at 2,520m after the 9 5/8-inch casing stuck 12m off bottom; crews were trying to retrieve it. Somerset 1 (Origin 30.75%, Woodside operator) was at 2,912m with no result yet reported.
29 Oct 2009drilling progress report▼ Bad
AWE repeated Origin's report: Trefoil-2 at 2,520m, casing stuck 12m off bottom, retrieval under way. Rockhopper-1, about 12km north, follows. Duplicate of the operator's release.
29 Oct 2009drilling progress report● Neutral
Innamincka Petroleum forwarded Origin's weekly Trefoil 2 update: well at 2,520m, 9 5/8-inch casing stuck 12m off bottom, retrieval under way. Duplicate of the operator's release.
28 Oct 2009drilling progress report● Neutral
Beach's weekly report lists Origin (13.19%) only as a partner in Santos-operated Daralingie-27, at 2,294m TD and to be cased as a future Patchawarra gas producer. Kercummurra-2 (10%) was at 1,535m TD, logging. No Origin-specific announcement.
22 Oct 2009drilling progress report● Neutral
AWE relayed that Trefoil-2 was at 2,520m on 22 October, with 1,585m drilled in the week and casing about to be run as planned. Duplicate of the operator's release.
22 Oct 2009drilling progress report● Neutral
Trefoil 2 reached 2,520m on 22 October, preparing to set 9.625-inch casing; no results yet. Separately, Somerset 1 (Origin 30.75%, Woodside operator) began drilling 19 October and was at 1,284m, targeting 3,305m in the Otway Basin.
16 Oct 2009farm in farm out agreement● Neutral
Eden Energy said it will pay an adviser's 5% success fee on the Origin GEL 185 deal in 810,898 shares at $0.078. Origin has paid $1m and will fund the first $500k to earn 70%. Still awaiting SA Government approval.
15 Oct 2009drilling progress report● Neutral
AWE relayed that Trefoil-2 was at 935m on 15 October, with 782m drilled in the week. Rockhopper-1 follows. Duplicate of the operator's release.
15 Oct 2009drilling progress report● Neutral
Trefoil 2 was at 935m on 15 October after setting the 13 3/8-inch casing, preparing to drill ahead. Planned depth is 3,221m. No results yet; Origin holds 39.0% as operator.
8 Oct 2009drilling progress report● Neutral
Innamincka relayed Origin's 8 October update: Trefoil 2 at 153m after setting the 30-inch conductor, preparing to drill ahead. Top objective still about 23 days away. Duplicate of the operator's release.
8 Oct 2009drilling progress report● Neutral
Trefoil 2 was at 153m on 8 October after setting the 30-inch conductor, preparing to drill ahead. The top objective is still expected in about 23 days; no results yet.
8 Oct 2009drilling progress report● Neutral
AWE (47.5% partner) relayed that Trefoil-2 was at 153m on 8 October after setting the conductor. Rockhopper-1 follows. Duplicate of the operator's release.
6 Oct 2009drilling spud● Neutral
AWE (47.5% in T/18P) reported Trefoil-2 started drilling on 6 October, about 2.6km south of the Trefoil-1 discovery, to roughly 3,220m. Rockhopper-1 follows. Duplicate of the operator's release.
6 Oct 2009drilling spud● Neutral
Trefoil 2 started drilling at 08:00 on 6 October, appraising the Trefoil gas field found in 2004 (Origin 39.0% operator). Planned depth is 3,221m, with the top objective expected in about 23 days; Rockhopper 1 follows.
6 Oct 2009drilling spud● Neutral
Innamincka (5% in T/18P) relayed that Trefoil 2 began drilling on 6 October, targeting about 3,220m. Rockhopper-1, about 12km north, follows. Duplicate of the operator's release.
2 Oct 2009drilling result● Neutral
AWE (33% partner) relayed Origin's update that Redback South 1 was cased and suspended at 3,955 mMD, with flow testing expected in the December quarter. Duplicate of the operator's release.
2 Oct 2009drilling result● Neutral
Redback South 1 reached 3,955 mMD and was cased and suspended; the rig was released 28 September. Gas in the uppermost Wagina Sandstone stands; flow testing to judge commercial significance is expected in the December quarter (Origin 67%, AWE 33%).
1 Oct 2009drilling scheduled● Neutral
Origin's weekly T/18P update repeats that Kan Tan IV is still in Port Phillip Bay waiting on weather before moving to Trefoil 2. The spud has slipped past the end of last week.
1 Oct 2009drilling scheduled● Neutral
AWE relayed Origin's 1 October update that Kan Tan IV is still waiting on weather before moving to Trefoil 2. Duplicate of the operator's release.
1 Oct 2009drilling scheduled● Neutral
Innamincka relayed Origin's 1 October update that Kan Tan IV is still waiting on weather before moving to Trefoil 2. Duplicate of the operator's release.
28 Sept 2009farm in farm out agreement▲ GoodMajor
Origin agreed to farm into Eden Energy's Cooper Basin geothermal licence GEL 185 in South Australia, paying $1m cash and the first $500,000 of spending to earn 70% and operate. It sits beside Geodynamics' licences; subject to SA Government approval.
24 Sept 2009drilling scheduled● Neutral
Innamincka (5% in T/18P) relayed Origin's weekly update that Kan Tan IV is waiting on weather before moving to Trefoil 2. Duplicate of the operator's release.
24 Sept 2009drilling scheduled● Neutral
Origin said the Kan Tan IV rig is in Port Phillip Bay waiting on weather before moving to the Trefoil 2 location in T/18P (Origin 39.0% operator). The spud expected this week has not yet happened.
24 Sept 2009drilling scheduled● Neutral
AWE (47.5% in T/18P) relayed Origin's update that Kan Tan IV is waiting on weather in Port Phillip Bay. Duplicate of the operator's release.
22 Sept 2009drilling result▲ Good
AWE (33% partner) relayed Origin's Redback South 1 gas discovery in the Wagina Sandstone at 3,934m total depth. Duplicate of the operator's release; commercial significance awaits flow testing.
22 Sept 2009drilling result▲ GoodMajor
Redback South 1 (Origin 67%, AWE 33%) found gas in the uppermost Wagina Sandstone, reaching 3,934m total depth. Gas is similar to the nearby Beharra Springs field; commercial significance depends on flow testing.
21 Sept 2009drilling scheduled● Neutral
AWE (47.5% in T/18P) said Trefoil-2 should start by the end of the week. Kan Tan IV then moves to a 4-5 well Taranaki program; AWE plans about $175m of spending over roughly nine months.
21 Sept 2009drilling scheduled● Neutral
Innamincka (5% in T/18P) relayed Origin's announcement that Kan Tan IV is operational and Trefoil-2 is likely to spud later this week. Duplicate of the operator's release.