21 Sept 2009drilling scheduled● Neutral
The Kan Tan IV rig is ready to start the Bass Basin T/18P program (Origin 39.0% operator). Trefoil 2 will appraise the Trefoil gas field found in 2004, followed by exploration well Rockhopper 1.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
17 Sept 2009drilling progress report● Neutral
Redback South 1 intersected the Wagina Sandstone target at 3,878.5m and was drilling ahead at 3,902m. The full result awaits logging at planned total depth of about 3,980m; no commercial result yet.
17 Sept 2009drilling progress report● Neutral
AWE relayed Origin's 17 September Redback South 1 update (Wagina Sandstone intersected at 3,878.5m). Duplicate of the operator's release.
16 Sept 2009drilling progress report▲ Good
Beach's weekly report shows Origin's Charo-7 (13.19%) at 1,880m TD, cased and suspended as a future Birkhead and Hutton oil producer. Okotoko West-2 (16.74%) is cased and suspended as a future gas producer, resolving the earlier pending logging.
10 Sept 2009drilling progress report● Neutral
Redback South 1 was drilling ahead at 3,633m on 10 September, with 7-inch casing set at 3,136.5m on 1 September. It is approaching the 3,685m subsea target; no result yet.
10 Sept 2009drilling progress report● Neutral
AWE relayed Origin's 10 September Redback South 1 update (Origin 67%, AWE 33%): drilling ahead at 3,633m. Duplicate of the operator's earlier release; no result yet.
9 Sept 2009drilling progress report● Neutral
Beach's weekly report shows Origin's Charo-7 (13.19%) at 1,880m TD, running a wiper trip before logging. Okotoko West-2 (16.74%) is at 2,465m TD, pulling out to log. No results yet.
3 Sept 2009drilling progress report● Neutral
Redback South 1 set 7-inch casing to 3,136.5m and was preparing to drill ahead toward the 3,685m subsea target. No result yet.
3 Sept 2009drilling progress report● Neutral
AWE relayed Origin's 3 September Redback South 1 update. Duplicate of the operator's release.
3 Sept 2009drilling progress report● Neutral
Beach's weekly report shows Origin's Wackett-16 (16.74%) plugged and abandoned, a dry hole. Charo-6 (13.19%) is cased and suspended as a future Birkhead oil producer, with the rig moving to Charo-7. Okotoko West-2 (16.74%) is drilling surface hole.
27 Aug 2009drilling progress report● Neutral
AWE (33% partner via ARC) relayed Origin's 27 August Redback South 1 update. Duplicate of the operator's release.
27 Aug 2009drilling progress report● Neutral
Redback South 1 began drilling the sidetrack on 25 August at 2,007m and had reached 2,438m by 27 August. Target is 3,685m subsea; no result yet.
26 Aug 2009drilling progress report● Neutral
Beach's weekly report shows Origin's 13.19% Charo-6 at 1,871m running a wiper trip before logging, and Wackett-16 (16.74%) at 1,996m pulling out to log. No results for Origin yet.
20 Aug 2009drilling progress report● Neutral
Rig 826 is on location at Redback South 1 (Origin 67%, ARC 33%), cleaning the Redback 1 wellbore ahead of sidetracking below casing at 1,980m. Target remains 3,685m subsea. No result yet.
19 Aug 2009drilling progress report▲ Good
Beach's weekly report shows Origin's 13.19% Charo-5 cased and suspended as a future Birkhead oil producer at 1,870m, and Wackett-14 (16.74%) cased and suspended as a Toolachee gas producer at 1,977m. Both Cooper Basin wells are completed as producers.
13 Aug 2009drilling spud● Neutral
Origin is moving a rig onto Redback South-1, a gas exploration sidetrack from the 2004 Redback-1 well, in L11 (Origin 67% operator, ARC 33%). It targets a separate fault compartment at 3,685m subsea. This is the next Perth Basin well.
13 Aug 2009drilling progress report● Neutral
AWE relayed Origin's 13 August updates on Jingemia-12 completion and the Redback South-1 rig move. Duplicate of the operator's releases.
13 Aug 2009drilling progress report● Neutral
Norwest Energy relayed Origin's 13 August Jingemia-12 completion update. Duplicate of the operator's release.
13 Aug 2009drilling result▲ Good
Jingemia-12 was cased and completed as an oil producer, and the rig was released on 9 August. It follows the 15m hydrocarbon column found on 6 August; no production rate is stated.
12 Aug 2009drilling progress report● Neutral
Beach's weekly report shows Origin's 13.19% Charo-5 appraisal at 1,870m, pulling out before logging, and its 16.74% Wackett-14 drilling ahead at 1,650m. No results for Origin yet.
6 Aug 2009drilling result● Neutral
Victoria Petroleum, a 5% partner, relayed Origin's 6 August Jingemia-12 result: about 15m hydrocarbon column, cased for production. Duplicate of the operator's release.
6 Aug 2009drilling result● Neutral
AWE, a 44.141% partner, relayed Origin's 6 August Jingemia-12 result. Duplicate of the operator's release.
6 Aug 2009drilling result▲ Good
Jingemia-12 (Origin 49.189%) reached 2,709.5m and intersected about 15m of hydrocarbon column in the Dongara sandstone. It was cased and is being prepared for completion as a producer. This resolves the pending drilling result.
6 Aug 2009drilling result● Neutral
Norwest Energy, a 1.278% partner, relayed Origin's 6 August Jingemia-12 result. Duplicate of the operator's release.
5 Aug 2009drilling progress report● Neutral
Beach's weekly report says Origin's 13.19% Charo-4 oil appraisal was plugged and abandoned, and its 16.74% Wackett-15 was cased and suspended as a future Toolachee gas producer at 2,002m. One dry well and one small gas success for Origin.
31 July 2009drilling scheduled▼ Bad
Partner Innamincka reports the Kan Tan IV rig's crane was damaged in Port Geelong, delaying sail-away about a month. The T/18P two-well program (Trefoil-2 then Rockhopper-1; Origin 39% operator) now likely starts in early September, not late July.
31 July 2009resource reserve update▲ GoodMajor
Australia Pacific LNG's 2P reserves more than doubled to 7,265 PJe and 3P rose about 25% to 12,627 PJe. Origin's own 2P fell from 5,770 to 4,484 PJe, mainly due to the APLNG transaction. ATP788P (over 1,000 PJe 3P) is not yet included.
31 July 2009resource reserve update● Neutral
Annual reserves report confirms Origin's 2P reserves fell from 5,770 to 4,484 PJe at 30 June 2009, mainly from halving its Queensland CSG stake into APLNG (a 2,388 PJe dilution, partly offset by 1,266 PJe growth). Thylacine revised down 67 PJe.
30 July 2009drilling progress report● Neutral
Norwest Energy relayed Origin's 30 July Jingemia-12 update. Duplicate of the operator's release.
30 July 2009drilling progress report● Neutral
AWE relayed Origin's 30 July Jingemia-12 update. Duplicate of the operator's release.