Past year: ▼ 10%(10.76 – 12.38 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
7 May 2008drilling progress report● Neutral
Beach weekly report: Coonatie-12 (Origin 10.54%) is cased and suspended as a future gas producer, and Bindah-2 (13.19%) is drilling ahead. Beach's own Bodalla South-19 and Basker-6 ST1 are not Origin wells.
1 May 2008drilling progress report● Neutral
NZOG reports production tubing and monitoring gear were installed on Kupe KS-7 ST1 on 30 April and the tree fitted. The rig has moved to KS-6 for completion work. Mid-2009 completion unchanged.
1 May 2008drilling progress report● Neutral
Origin reports Kupe KS-7 ST1 completion is done, with tubing installed and the tree fitted. The rig has moved to KS-6. Duplicates NZOG's notice.
30 Apr 2008drilling progress report● Neutral
Beach weekly report: Santos-operated McKinlay-9 (Origin 13.19%) is cased and suspended as a future oil producer. Coonatie-12 (Origin 10.54%) reached 3,165m TD and is preparing a drill stem test. Bindah-2 is drilling ahead.
24 Apr 2008drilling progress report▲ Good
NZOG reports Kupe KS-7 ST1 was logged and its 5 inch liner set and cemented on 23 April, completing the drilling phase of all three wells. Completion work starts on KS-7 ST1, then KS-8. Mid-2009 completion unchanged.
24 Apr 2008drilling progress report▲ Good
Origin reports the Kupe drilling phase is complete, with KS-7 ST1 logged and its 5 inch liner cemented on 23 April. Completion work (tubing and monitoring gear) now begins. This closes out the sidetrack delay. Duplicates NZOG's notice.
23 Apr 2008drilling progress report● Neutral
Beach weekly report: in Santos-operated Cooper wells, Cooba-3 (Origin 13.19%) is cased as a future gas producer and Mudera-14 is plugged and suspended. Coonatie-12 (Origin 10.54%) is drilling ahead. Coolangatta-1 is Beach's own, not Origin's.
17 Apr 2008drilling progress report▲ Good
Origin reports the Kupe KS-7 sidetrack reached 3,503m on 16 April, redrilling the reservoir section lost to the stuck pipe. This resolves the stuck-pipe problem; logging and a 5 inch liner follow.
17 Apr 2008drilling progress report● Neutral
NZOG reports the redrilled Kupe KS-7 sidetrack reached its final depth of 3,503m on 16 April, after the abandoned section was sidetracked. Logging and a 5 inch liner come next. Duplicates Origin's release.
16 Apr 2008drilling progress report● Neutral
Beach weekly report: Santos-operated McKinlay-7 (Origin 13.19%) will be a McKinlay oil producer, and Cook-13 (25%) found 13 feet of net oil pay. Mudera-13 is to be a gas producer. Beach's Basker-6 ST1 (not Origin) is a future oil producer.
10 Apr 2008drilling progress report▼ Bad
NZOG reports attempts to free the stuck pipe in Kupe KS-7 were abandoned by 9 April. The reservoir section will be sidetracked and redrilled. Mid-2009 completion is still stated. Duplicates Origin's release.
10 Apr 2008drilling progress report▼ Bad
Origin says efforts to recover the stuck pipe in Kupe KS-7 are abandoned and the reservoir section will be sidetracked and redrilled. This resolves the 2 April fishing attempt, but adds work to the campaign.
9 Apr 2008drilling progress report● Neutral
Beach weekly report: in Santos-operated Cooper wells, Cook-10 (Origin 25%) was plugged and abandoned at 2,042m. Mudera-12 (13.19%) is now cased as a gas producer after strong gas shows, and Coonatie-13 is suspended as a future gas producer.
3 Apr 2008drilling progress report▼ Bad
Origin reports pipe stuck at 3,454m in Kupe KS-7's reservoir section after the Farewell top was reached with gas shows; a fishing assembly is being run. The third and last Kupe development well is therefore delayed.
3 Apr 2008drilling progress report▼ Bad
NZOG reports Kupe KS-7 hit the Farewell reservoir top on 29 March with gas shows, but pipe stuck at 3,454m in the 8-1/2 inch section; fishing is under way. Mid-2009 completion unchanged. Duplicates Origin's release.
2 Apr 2008drilling progress report● Neutral
Beach weekly report: in Santos-operated Cooper wells, Fly Lake-24 (Origin 13.19%) is cased as a gas producer with 27m of gas pay, and McKinlay-8 was unsuccessful. Coonatie-13 (Origin 10.54%) reached 3,091m. Mudera-12 is still under rig repairs.
1 Apr 2008drilling progress report● Neutral
QGC weekly report: Matilda-John #1 (Origin CSG 40.625%) finished at 804.6m with 32.8m of coal, was released 29 March and is suspended for possible conversion to a monitoring well. Other wells listed are QGC-only.
28 Mar 2008drilling scheduled▲ GoodMajor
The Kupe JV (Origin 50% operator) will drill the Momoho exploration well from May, 6km south of the Kupe field, to about 3,150m, before the Ensco 107 rig is released. A discovery could possibly connect to the Kupe platform.
27 Mar 2008drilling progress report▲ Good
NZOG reports Kupe KS-8's 5 inch liner is set and cemented and the well suspended. The rig moves to KS-7 to drill its reservoir section. Mid-2009 completion unchanged. Duplicates Origin's release.
27 Mar 2008drilling progress report▲ Good
Origin reports Kupe KS-8 has its 5 inch liner set and cemented and is suspended; the rig moves to KS-7. Two of three development wells now have their reservoir sections drilled.
27 Mar 2008drilling progress report● Neutral
QGC weekly report: Jen #2 (Origin 31.25%) reached 625m with 37.8m coal and awaits a workover rig. Matilda-John #1 (Origin 40.625%) reached 804.6m with 32.8m coal and is logging. Woleebee Creek wells are QGC-only.
26 Mar 2008drilling progress report▲ Good
Beach weekly report: Santos-operated Cook-11 (Origin 25%) cased as a future oil producer with a 24m gross oil column, and Squalo-1 (13.19%) with 4.5m oil pay. Mudera-12 still awaits top drive parts.
20 Mar 2008drilling progress report▲ Good
Origin reports Kupe KS-8 hit the Farewell reservoir top with elevated gas shows, finished coring and reached its 3,834m planned depth. Logs and a 5 inch liner follow. Second Kupe development well nearing completion.
20 Mar 2008drilling progress report▲ Good
NZOG reports Kupe KS-8 intersected the Farewell reservoir top with elevated gas shows and reached 3,834m. Logging then a 5 inch liner come next. Mid-2009 completion unchanged. Duplicates Origin's release.
19 Mar 2008drilling progress report● Neutral
Beach weekly report: Santos-operated Cooper wells Cook-11 and Squalo-1 (Origin 25% and 13.19% respectively per the table) are in progress, with Fly Lake-24 and Mudera-12 also listed. Mudera-12 is still awaiting top drive repair parts.
13 Mar 2008drilling progress report▲ Good
Origin reports Kupe South 6 reached its planned 3,385m, with logs completed and the 5 inch liner cemented, and the well suspended. First of three development wells is finished; KS-8's 8-1/2 inch section is starting.
13 Mar 2008drilling progress report▲ Good
NZOG reports Kupe KS-6 reached its planned 3,385m, was logged, had its 5 inch liner set and cemented, and was suspended. Rig now drilling out KS-8's shoe-track. Mid-2009 completion unchanged. Duplicates Origin's release.
12 Mar 2008drilling progress report● Neutral
Beach weekly report: Santos-operated Mudlalee-5 (Origin 13.19%) was plugged and abandoned after a water-heavy test. Coonatie-9 (10.54%) was cased as a future gas producer. Cook-12 was a success, and Murrippi-1 is not an Origin well.
12 Mar 2008drilling progress report● Neutral
QGC weekly report: Bellevue #15 (Origin 29.375%) reached 527m with 33.9m coal and awaits a workover rig. Matilda-John #1 (Origin 40.625%) is coring at 504.7m. Teviot #1 and Woleebee Creek #4 are QGC-only wells.
6 Mar 2008drilling progress report▲ Good
NZOG reports Kupe South 6 (Origin 50% operator) drilled its 8-1/2 inch section to 3,313m with a hydrocarbon column in the Farewell Formation, as anticipated. Planned depth is 3,385m. Mid-2009 completion unchanged. Duplicates Origin's release.
