7 Jan 2009drilling progress report● Neutral
Beach weekly report: Origin's Spencer West-3 (13.19%) is drilling at 3,007m in the Patchawarra Formation. Beach's Callawonga-6 found 9.5m of net oil pay, with no Origin interest. Routine update.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
17 Dec 2008drilling progress report● Neutral
Beach weekly report: Origin's Gidgealpa-61 (13.19%) is drilling at 1,661m and Okotoko-3 (16.74%) is TD 2,332m and being cased as a future gas producer. Tirrawarra-74 also lists Origin at 13.19%. Routine update.
10 Dec 2008drilling progress report● Neutral
Beach weekly report: Origin's interests are Gidgealpa-60 (13.19%, successful) and Okotoko-3 (16.74%, drilling at 933m). Beach's Burtocal-2B in Egypt found a 31m oil column. Routine update.
3 Dec 2008drilling progress report● Neutral
Beach weekly report: Origin's Okotoko-3 (listed at 13.19%) is to be cased and suspended as a future Patchawarra and Toolachee gas producer at 2,996.5m. Beach's PeeJay-1 was a dry hole. Routine update.
26 Nov 2008drilling progress report● Neutral
Beach weekly report: Origin's Gidgealpa-59 (13.19%) was unsuccessful, while Vega-3 (16.74%) is cased and suspended as a future Permian gas producer. Routine update.
19 Nov 2008drilling progress report● Neutral
Beach weekly report: Origin's Vega-3 (16.74%) reached 2,804m TD and is running wireline logs. Gidgealpa-59 and Tirrawarra-76 are listed with Origin at 13.19%. Routine update.
12 Nov 2008drilling progress report● Neutral
Beach weekly report: Origin's only listed well, Vega-3 (16.74%), is drilling at 1,695m. Beach's Canunda-1 is due to spud around 14 November, and the PeeJay-1 rig is back on location after repairs. Routine update.
5 Nov 2008drilling progress report● Neutral
Beach weekly report: Yawa-2 (Origin 16.74%) cased and suspended as a future gas producer. Big Lake-91 (13.19%) reached 3,115m TD and is to be cased as a gas producer. Beach's Brownlow-1 is a gas discovery, with no Origin interest.
29 Oct 2008drilling progress report● Neutral
Beach weekly report: Origin's Yawa-2 (16.74%) reached 2,625m TD and Big Lake-91 (13.19%) is drilling at 2,451m. Other wells are Beach and Santos business with no Origin interest listed. Routine update.
22 Oct 2008drilling progress report● Neutral
Beach weekly report: Tickalara-19 (no Origin interest listed) cased as a future oil producer, and Beach's Brownlow-1 spudded. The listed Origin wells, Yawa-2 (16.74%) and Big Lake-91 (13.19%), are drilling. Routine update.
8 Oct 2008drilling progress report▲ Good
Beach weekly report: Munkah-12 (Origin 16.74%) reached 2,399m TD and is to be cased as a future gas producer. Big Lake-90 (13.19%) reached 3,065m TD. Routine update.
1 Oct 2008drilling progress report● Neutral
Beach weekly report: Iliad-1 successful (Beach 30%, no Origin interest listed). Origin's Big Lake-90 (13.19%) is at 2,552m and Munkah-12 (16.74%) is drilling. Routine update.
24 Sept 2008drilling progress report▲ Good
Beach weekly report: Galex-2 (Origin 16.74%) reached 2,442m TD and was cased and suspended as a future gas producer. Big Lake-90 (Origin 13.19%) is drilling. Routine update.
17 Sept 2008drilling progress report● Neutral
Beach weekly report: Big Lake-89 (Origin 13.19%) was cased and suspended as a future gas producer, and Galex-2 (Origin 16.74%) is in progress. Routine update.
10 Sept 2008drilling progress report● Neutral
Beach weekly report: Santos-operated Big Lake-89 (Origin 13.19%) reached 3,166m TD and was logging. Beach also lists its own Cooper drilling program from 8 October, none involving Origin. Routine update.
3 Sept 2008drilling progress report● Neutral
Beach weekly report: Naccowlah West-22 was successful, and Marabooka-15 (Origin 13.19%) reached 1,122m TD and will be cased as a gas well. Beach also plans a three-well offshore program from late September, none with Origin interests listed.
27 Aug 2008drilling progress report▼ Bad
Beach weekly report: James-2 (Origin 10.54%) has been plugged and abandoned at 2,456m, ending that Cooper appraisal well. The text gives no result detail. Other wells shown are routine.
20 Aug 2008drilling progress report● Neutral
Beach weekly report: in Santos-operated Cooper Basin wells, James-2 (Origin 10.54%) is logging at 2,456m and Marabooka-14 (Origin 13.19%) was cased as a gas producer. Routine update.
13 Aug 2008drilling progress report● Neutral
Beach Petroleum weekly report: Santos-operated James-2 (Origin 10.54%) is drilling ahead at 2,189m. Marabooka-13 is cased and suspended and Marabooka-14 (Origin 13.19%) is rigging to cement casing. Routine.
12 Aug 2008drilling progress report● Neutral
Origin, as Kupe operator, confirms the ENSCO 107 rig was released on 7 August once weather allowed. Duplicate of the NZOG notice, with no new results.
12 Aug 2008drilling progress report● Neutral
NZOG says the jack-up rig was released on 7 August after weather cleared, completing the Momoho 1 abandonment. The well found only a small gas condensate pool, so it closes out the Kupe exploration well.
8 Aug 2008drilling scheduled● NeutralMajor
Origin (100%) will enter Year 4 of Canterbury Basin permit PEP38262 on 21 August, which commits it to drill. The Carrack/Caravel prospect has a mean 750 million barrels of oil or 2.7 tcf gas if charged; high risk and a deepwater rig is hard to source. It is seeking partners.
31 July 2008drilling progress report● Neutral
NZOG reports the Momoho 1 rig is still waiting for suitable weather to set the final surface plug and do a seabed survey; a window is expected early next week. Well depths unchanged at 3,145m. No new results.
31 July 2008resource reserve update▲ GoodMajor
Origin lifts 2P reserves 66% to 5,770 PJe from 3,471 PJe, mostly Queensland CSG (4,751 PJe); CSG 3P reached 10,138 PJ (NSAI). Updates the May CSG figures. It is in talks with global energy companies about a CSG-to-LNG development.
31 July 2008drilling progress report● Neutral
Origin, as Kupe operator, says the Momoho 1 rig was still waiting for weather on 30 July to set the final surface plug and do a seabed survey, with a window expected early next week. Depth unchanged at 3,145m. No new results.
30 July 2008drilling progress report● Neutral
Beach Petroleum weekly report: Santos-operated Kirralee-2 is drilling ahead at 2,682m and Mudera-16 has reached 1,887m; James-2, where Origin holds 10.54%, is in surface hole. Origin holds 13.19% in the first two wells. Routine.
24 July 2008drilling progress report● Neutral
Origin, as Kupe operator, reports Momoho 1 plugging and abandonment is complete bar the final surface plug and seabed survey, awaiting weather. Well finished at 3,145m, as flagged earlier. No new results.
24 July 2008drilling progress report● Neutral
NZOG repeats that Momoho 1 has been plugged and abandoned with cement plugs from 3,145m back to 2,767m and casing cut below the seabed. The rig awaits good weather for the final plug. Confirms the earlier small find will not be developed from this well.
23 July 2008drilling progress report● Neutral
Beach Petroleum weekly report: Santos-operated Cooper Basin gas wells Mudera-15 (TD 1,139m) and Mudera-14 RE1 are cased and suspended as future gas producers, and Kirralee-2 is being drilled. Origin holds 13.19%. Routine.
17 July 2008drilling result● NeutralMajor
Momoho 1 found a small gas condensate pool in the Farewell Formation, with a gross column of 2,896 to 2,921m, after reaching 3,145m TD. The well will be plugged and abandoned. Origin calls it the third small hydrocarbon find on this trend; potential remains on the fault's downthrown side.