Past year: ▼ 10%(10.76 – 12.38 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
30 May 2008drilling result▼ BadMajor
Freshwater Point 1 was a dry hole: total depth 1,817m, with no hydrocarbons interpreted in the primary or secondary targets. It was plugged and abandoned on 29 May. This resolves the Perth Basin well Origin operates with 49.189%.
28 May 2008drilling progress report● Neutral
Beach Petroleum's weekly report lists Santos-operated Cooper wells in which Origin holds 13.19% (Mitchie-2, Cowralli-9) and Glenaire-1 ST1 in the Otway Basin (Origin 20%), which was plugged and abandoned with sub-commercial oil.
27 May 2008drilling progress report● Neutral
QGC weekly report: Glendower #1 coring at 618m, Jen #4 at 665m awaiting a workover rig, and Codie #7 drilling at 470m. Origin CSG holds 31.25% of ATP 648P and 40.625% of ATP 620P. Routine CSG progress.
27 May 2008drilling result▼ Bad
Victoria Petroleum relays Origin's report that Freshwater Point 1 reached 1,817m with no hydrocarbon shows in the primary or secondary targets. Duplicate of Origin's release; Victoria holds 5%.
26 May 2008drilling result▼ Bad
Origin's Freshwater Point 1 reached 1,817m in basement, past the 1,761m plan. The High Cliff Sandstone target was intersected at about 1,647m with no hydrocarbon shows. Logging is next; the result looks like a dry hole.
26 May 2008drilling result▼ Bad
Norwest relays Origin's report that Freshwater Point 1 reached 1,817m with no hydrocarbon shows in the High Cliff primary or secondary targets. Duplicate of Origin's release, which Norwest holds 1.278% of.
23 May 2008drilling progress report● Neutral
NZOG reports flow testing began 23 May on the three Kupe development wells (KS-8, then KS-6 and KS-7). Results will be announced per well, then wells are shut in and the rig moves to Momoho. Mid-2009 completion unchanged.
22 May 2008drilling progress report● Neutral
Norwest relays Origin's update that Freshwater Point 1 was at 1,158m in the Kockatea Shale on 22 May, with total depth expected in 2-3 days. Duplicate with no result.
22 May 2008drilling progress report● Neutral
Victoria Petroleum relays Origin's update that Freshwater Point 1 was at 1,158m in the Kockatea Shale, with total depth expected in 2-3 days. Duplicate of Origin's release; no result yet.
22 May 2008drilling progress report● Neutral
Origin reports Kupe KS-8 tubing and monitoring gear are installed, with the tree next. Batch testing of about one week follows, then the rig moves to Momoho. Duplicates NZOG's notice.
22 May 2008drilling progress report● Neutral
QGC weekly report: Jen #3 (643m, 32.9m coal) and Ross #1 are suspended awaiting workover rigs. Jen #4 reached 665m, and Glendower #1 spudded. Origin CSG holds 31.25% of ATP 648P. Routine CSG progress.
22 May 2008drilling progress report● Neutral
NZOG reports Kupe KS-8 tubing and monitoring gear are installed, with the tree next. Batch testing of the three wells will take about a week, then the rig moves to drill Momoho. Mid-2009 completion is unchanged.
22 May 2008drilling progress report● Neutral
Origin reports Freshwater Point 1 drilling resumed on 21 May and was at 1,158m in the Kockatea Shale, above the High Cliff target. Total depth of 1,761m is expected in 2-3 days. No result yet.
22 May 2008drilling progress report● Neutral
ARC forwards Origin's update that Freshwater Point 1 was at 1,158m in the Kockatea Shale on 22 May, with total depth expected in 2-3 days. Duplicate of Origin's release; no result yet.
15 May 2008drilling progress report● Neutral
NZOG reports Kupe KS-7 ST1 completion finished on 14 May and the rig moved to KS-8, which is being prepared for tubing. Batch testing of the three wells follows. Mid-2009 completion is unchanged.
15 May 2008drilling progress report● Neutral
ARC forwards Origin's update that Freshwater Point 1 has surface casing set at 412m and is preparing to drill ahead. Duplicate with no result.
15 May 2008drilling progress report● Neutral
Norwest relays Origin's update that Freshwater Point 1 has surface casing set at 412m and is about to drill ahead. Duplicate with no result.
15 May 2008drilling progress report● Neutral
Origin reports Freshwater Point 1 has 9-5/8 inch casing set at 412m and is about to drill ahead. No result yet.
15 May 2008drilling progress report● Neutral
Origin reports Kupe KS-7 ST1 completion finished on 14 May and the rig moved to KS-8, with batch testing of the three wells to follow. Duplicates NZOG's notice.
15 May 2008drilling progress report● Neutral
Victoria Petroleum relays Origin's update: Freshwater Point 1 has surface casing set at 412m and is preparing to drill ahead. No result yet.
14 May 2008drilling progress report▲ Good
Beach weekly report: Cook-14 (Origin 25% per earlier context; Beach lists Origin's share in Bindah-2 at 13.19%) is to be cased as a Hutton oil producer. Bindah-2 (Origin 13.19%) reached 3,044m and is to be cased as a future gas and oil producer.
13 May 2008drilling progress report● Neutral
QGC weekly report: Kenya East #4 in ATP 648P (Origin CSG 31.25%) reached 845m with 31.6m of coal and is suspended awaiting a workover rig. Further wells are in progress. Routine CSG appraisal progress.
13 May 2008drilling spud● Neutral
Norwest Energy (1.278%) repeats Origin's release that Freshwater Point 1 spudded on 11 May. Duplicate with no new information.
12 May 2008drilling scheduled● NeutralMajor
NZOG says the Momoho exploration well, about 5.5km from the Kupe platform, is due to start in late May after the Kupe development wells. NZOG's P50 estimate is 200 BCF equivalent if hydrocarbons are found, with no-hydrocarbon or sub-commercial outcomes possible.
12 May 2008drilling spud● Neutral
Victoria Petroleum (5%) repeats the Freshwater Point 1 spud. It adds that the prospect could hold a mean 9 BCF of gas or 6.1 million barrels of oil, if present, in a sandstone that is oil-productive at the offshore Cliff Head field.
12 May 2008drilling spud● Neutral
ARC Energy (44.141%) forwards Origin's release that Freshwater Point 1 spudded on 11 May in the Perth Basin. Duplicate of Origin's announcement.
12 May 2008drilling spud● Neutral
Origin spudded the Freshwater Point 1 exploration well in the onshore Perth Basin (EP413) on 11 May. Origin holds 49.189% as operator, ARC 44.141%. Planned depth is 1,761m, about 10 days, targeting the High Cliff Sandstone. Surface hole was at 414m.
9 May 2008resource reserve update● Neutral
Contact Energy (Origin 51.36%) says the Maui joint venture firmed 62 PJ of gas from P50 to P85 reserves, of which Contact's share is 38 PJ. Contact says it was expected and does not materially change supply outlook beyond about 2015.
8 May 2008drilling progress report● Neutral
NZOG reports production tubing and tree were installed on Kupe KS-6 on 7 May. The rig returns to KS-7 ST1 to finish completion, then moves to KS-8. Mid-2009 completion unchanged.
8 May 2008drilling progress report● Neutral
Origin reports Kupe KS-6 now has tubing and a production tree installed. The rig returns to KS-7 ST1, then KS-8. Duplicates NZOG's notice.
