Past year: ▼ 10%(10.76 – 12.38 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
17 July 2008drilling result● Neutral
NZOG repeats Origin's Momoho 1 result: a small gas condensate pool in the Farewell Formation over 2,896 to 2,921m, TD 3,145m, with the well to be plugged and abandoned. Further studies will look at whether a combined development is possible.
16 July 2008drilling progress report● Neutral
Beach Petroleum's weekly report: Santos-operated Deparanie-2 was cased and suspended pending evaluation, and Big Lake-88 (TD 2,048m) was plugged and abandoned as unsuccessful. Origin holds 13.19% in both. Routine.
10 July 2008drilling progress report● Neutral
NZOG repeats Origin's Momoho 1 update: 12-1/4 inch section done at 2,898m, 9-5/8 inch casing being run, with the 8-1/2 inch section and logging due in the coming week. About 51 days expected. No new results.
10 July 2008drilling progress report● Neutral
Momoho 1 finished the 12-1/4 inch section at 2,898m and is running 9-5/8 inch casing. The 8-1/2 inch section and logging of the Farewell Formation come next. The 51-day estimate is unchanged. No new results.
9 July 2008drilling progress report● Neutral
QGC weekly report: Michelle #2 (ATP 648P, Origin CSG 31.25%) reached 845.65m with 29.8m of coal and awaits a completion decision. Lauren #25 (700m) is awaiting a workover rig, and Lauren #33 (642m) is under-reaming. Routine.
9 July 2008drilling progress report● Neutral
Beach Petroleum's weekly report: Santos-operated Cooper Basin well Narcoonowie-7 was successful (TD 1,678m, to be cased as a future oil producer), with Deparanie-2 and Big Lake-88 still in progress. Origin holds 13.19% in the Cooper wells. Routine.
7 July 2008drilling result▲ GoodMajor
Momoho 1 hit good gas shows at 2,896m in the primary Farewell Formation target, at a depth of 2,898m. NZOG says the commercial significance can't be judged until the full reservoir is drilled and logged. Encouraging but unproven for Origin's 50% Kupe partnership.
7 July 2008drilling result● Neutral
Same-day Origin release repeating the Momoho 1 good gas shows at 2,896m in the Farewell Formation, with the well at 2,898m before running 9-5/8 inch casing. Commercial significance can't be judged until the reservoir is drilled and logged. Origin operates with 50% of Kupe.
3 July 2008drilling progress report● Neutral
NZOG reports Momoho 1 drilled the 17 inch section to 1,845m and cemented 13-3/8 inch casing. The next section is the 12-1/4 inch hole. The 51-day estimate is unchanged; no results yet.
3 July 2008drilling progress report● Neutral
Origin's Momoho 1 update matches NZOG's: the 17 inch section reached 1,845m, slightly past plan, and 13-3/8 inch casing is cemented. The 12-1/4 inch section is next. Routine, no results.
1 July 2008drilling progress report● Neutral
QGC weekly report: Jammat #3 (745.1m), Codie #14 (854m) and Codie #15 (854m) are suspended awaiting workover rigs. Michelle #2 and Lauren #25 are being prepared. Origin CSG holds 31.25% of ATP 648P and 40.625% of ATP 620P. Routine.
26 June 2008drilling progress report● Neutral
Origin's own Momoho 1 update matches NZOG's: the 17 inch section is being drilled at 1,355m after the 18-5/8 inch casing was cemented. About 51 days in total are expected. Routine, no results.
26 June 2008drilling progress report● Neutral
NZOG reports Momoho 1 is drilling the 17 inch section at 1,355m, behind the planned 1,830m for that section. Casing (18-5/8 inch) is set, and about 51 days in total are still expected. No results yet.
25 June 2008drilling progress report● Neutral
Beach Petroleum's weekly report says Big Lake-87 (Origin 13.19%, Santos operator) reached 2,046m and was cased and suspended as a future Hutton oil producer. Granchio-3 is drilling. Routine Cooper Basin progress.
24 June 2008drilling progress report● Neutral
QGC weekly report: Jammat #4 (ATP 648P, Origin CSG 31.25%) is at 726m awaiting a workover rig. Jammat #3 reached 745.1m and is logging, and Codie #13 is at 854m awaiting a rig. Codie #14 is running casing. Routine.
19 June 2008drilling progress report● Neutral
Origin reports Momoho 1 (Kupe, Origin 50% operator) drilled to 561m, with casing next and the 17 inch section to follow. About 51 days of drilling are expected. Repeats the NZOG update of the same day; no results yet.
19 June 2008drilling progress report● Neutral
NZOG says Momoho 1 (Kupe, Origin 50% operator) has drilled to 561m, with casing set and the next section to follow. Drilling began 13 June, with about 51 days expected in total. Routine progress, no results yet.
18 June 2008drilling progress report● Neutral
Beach Petroleum's weekly report says Santos' Mama-1 (Origin 13.19%) reached 1,544m and is being cased and suspended, described as a successful well. Big Lake-87 is drilling. Routine Cooper Basin progress.
17 June 2008drilling spud● NeutralMajor
Drilling has started on Momoho 1, an exploration well six kilometres southeast of the Kupe field that could hold oil, gas or both. It sits between two earlier wells that found sub-commercial gas and oil; about 40 days of drilling are planned. Origin holds 50%.
17 June 2008drilling progress report● Neutral
QGC weekly report: Isabella #1 and Codie #12 are suspended awaiting workover rigs; Jammat #4 (ATP 648P) reached 726m; Codie #13 is drilling at 760m. Origin CSG holds 31.25% of ATP 648P and 40.625% of ATP 620P. Routine.
12 June 2008drilling scheduled● Neutral
Origin says the ENSCO 107 rig is moving to the Momoho 1 exploration well in the Kupe permit, with spud expected around 15 June and about 51 days to drill on a dry-hole basis to 3,142.5m. Origin operates with 50%.
12 June 2008drilling scheduled● Neutral
NZOG says the rig is moving to Momoho after weather cleared, with spud expected about 15 June and roughly 51 days to drill to 3,142.5m. This follows completion of Kupe development well testing; Origin operates with 50%.
11 June 2008drilling progress report● Neutral
QGC weekly report: Glendower #1 finished at 726m and is suspended; Isabella #1 (ATP 648P) reached 617m with 32.5m of coal; Codie #11 reached 845m with 21.5m coal and awaits a workover rig; Codie #12 is drilling at 334m. Routine CSG progress.
11 June 2008drilling progress report● Neutral
Beach Petroleum's weekly report shows Cowralli-9 (Origin 13.19%) cased and suspended as a future gas producer at 3,234m. Santos is drilling Mama-1 at 542m. Routine Cooper Basin progress.
4 June 2008drilling progress report● Neutral
Beach Petroleum's weekly report shows Santos-operated Cooper wells where Origin holds 13.19%: Mitchie-2 cased and suspended for oil and gas, Cowralli-9 drilling at 3,107m, and Mia-1 being plugged and abandoned. Routine.
3 June 2008drilling progress report● Neutral
QGC weekly report: Glendower #1 reached 726m and is being logged; Codie #7 is suspended awaiting a workover rig; Codie #11 reached 845m. Origin CSG holds 31.25% of ATP 648P and 40.625% of ATP 620P. Routine CSG progress.
30 May 2008resource reserve update▲ GoodMajor
Origin's independently assessed coal seam gas reserves rose: 2P up 91% to 4,715 PJ and 3P up 121% to 10,122 PJ as at 15 May 2008. It also reports 13,497 PJ of contingent resources. The review was brought forward given BG's proposal.
30 May 2008drilling result▼ Bad
Norwest relays Origin's confirmation that Freshwater Point 1 found no hydrocarbons and was plugged and abandoned on 29 May. Duplicate of Origin's release; Norwest held 1.278%.
30 May 2008drilling result▼ Bad
Victoria Petroleum relays Origin's report that Freshwater Point 1 reached 1,817m with no hydrocarbons interpreted in primary or secondary targets, then was plugged and abandoned. Duplicate of Origin's earlier release; Victoria holds 5% and shifts drilling to the Cooper Basin.
30 May 2008drilling result▼ Bad
ARC Energy relays Origin's report that Freshwater Point 1 reached 1,817m with no hydrocarbons interpreted and was plugged and abandoned on 29 May. Duplicate of Origin's release; ARC holds 44.141% alongside Origin's 49.189%.
