Past year: ▼ 10%(10.76 – 12.38 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
6 Mar 2008drilling progress report▲ Good
Origin reports Kupe KS-6 coring finished and drilling at 3,313m, with the expected hydrocarbon column in the Farewell Formation. Planned section depth is 3,385m, then logging and a 5 inch liner. Continues the batch drilling of KS-6/7/8.
5 Mar 2008drilling progress report▲ Good
Beach weekly report: Cook-12 (Origin 13.19%, Santos-operated) is being cased as a future oil producer with 8.5m of net Hutton oil pay. Coonatie-9 (10.54%) reached 3,104m. Murrippi-1 is not an Origin well.
28 Feb 2008drilling progress report● Neutral
NZOG reports Kupe KS-6 has intersected the top of the Farewell Formation reservoir with elevated gas shows, and the first of three cores is complete at 3,042m. Mid-2009 completion unchanged. Duplicates Origin's release.
28 Feb 2008drilling progress report▲ Good
Origin reports Kupe KS-6 has reached the top of the reservoir (Farewell Formation) with elevated gas shows, and the first of three cores is done in the 8-1/2 inch section at 3,042m. Planned section depth is 3,381m. Encouraging; schedule unchanged.
27 Feb 2008drilling progress report▲ Good
Beach weekly report: Santos-operated Tirrawarra-75 (Origin 13.19%) at 3,090m was cased and suspended as a future gas/oil producer. Coonatie-9 (10.54%) is at 2,520m; Mudera-12 is in rig maintenance. Murrippi-1 is not an Origin well.
26 Feb 2008drilling progress report● Neutral
QGC weekly report: Sean #3 (Origin 31.25%) reached 518m with 28.8m coal; Bellevue #13 and new Bellevue #17 (29.375%, 25.5m coal) are suspended awaiting workover rigs. Michelle #1 reached 804.5m with 46.1m coal and is running its third drill stem test.
21 Feb 2008drilling progress report● Neutral
Origin reports Kupe KS-6's 12-1/4 inch section reached 2,862m of a planned 2,935m, with 9-5/8 inch casing to follow. Origin operates with 50%; no change to schedule.
21 Feb 2008drilling progress report● Neutral
NZOG reports Kupe KS-6's 12-1/4 inch section reached 2,862m of a planned 2,935m, with 9-5/8 inch casing next. KS-7 and KS-8 unchanged; five-month plan and mid-2009 completion unchanged. Duplicates Origin's release.
20 Feb 2008drilling progress report● Neutral
Beach weekly report: Santos-operated Cooper wells (Origin 10.54-13.19%) continue, with Tirrawarra-75 at 3,090m logging and Mudera-12 still stopped for accident investigation. Murrippi-1 (no Origin interest) is about to spud. No new results.
19 Feb 2008drilling progress report● Neutral
QGC weekly report: Jordan #1 (Origin 31.25%) finished at 580m with 23.6m coal after three drill stem tests and is suspended awaiting a completion decision. Sean #3 and Bellevue #13 (Origin 29.375%) drilled; Michelle #1 coring at 795.5m.
18 Feb 2008drilling result▼ Bad
Mosaic Oil confirms Origin-operated Riverslea Southeast-1 will be plugged and abandoned as a dry hole, with the Boxvale Sandstone interpreted water wet. Repeats Origin's result; also notes Mosaic's own 2008 drilling program.
18 Feb 2008drilling result▼ BadMajor
Riverslea Southeast-1 reached 1,585m with only weak oil shows in poorly developed upper Boxvale Sandstone and will be plugged and abandoned. A dry hole for Origin (88.2% of the well incl. subsidiaries) in a small near-field exploration test.
14 Feb 2008drilling progress report● Neutral
Origin reports Kupe KS-7's 9-5/8 inch casing was cemented at 3,107m and the rig skidded to KS-6, which is starting its 12-1/4 inch section. Origin operates with 50%; schedule unchanged.
14 Feb 2008drilling progress report● Neutral
NZOG reports Kupe KS-7's 9-5/8 inch casing was cemented at 3,107m and the rig moved to KS-6, now starting its 12-1/4 inch section (planned 2,935m). Mid-2009 completion unchanged. Duplicates Origin's release.
13 Feb 2008drilling progress report▲ Good
Beach weekly report: Mudlalee-6 (Origin 13.19%) was cased and suspended as a future oil producer with 4.8m oil pay in the Birkhead and 1.2m in the Hutton. Tirrawarra-75 is coring; Mudera-12 still stopped; Coonatie-9 rigging up.
13 Feb 2008drilling progress report● Neutral
QGC weekly report: Lauren #48 (Origin 40.625%) hit 808m with 28m coal and is suspended awaiting a workover rig. Jordan #1 (31.25%) reached 580m with 23.6m coal; Sean #4 reached 501m with 24.7m coal.
13 Feb 2008drilling progress report● Neutral
Origin update on Riverslea Southeast-1 (Origin 88.2% of the well incl. subsidiaries, Mosaic 11.8%): surface casing set at 192m and drilling ahead at 210m. No result yet.
11 Feb 2008drilling spud● Neutral
Mosaic Oil reports Origin-operated Riverslea Southeast-1 spudded 10 February, 1.4km from the Riverslea field. Targets Boxvale Sandstone, P10 up to 172,000 barrels, planned depth 1,625m. Mosaic holds 11.8% of the well; this is a small exploration well.
7 Feb 2008drilling progress report● Neutral
NZOG reports KS-8 9-5/8 inch casing was run and cemented, and KS-7's 12-1/4 inch section reached 2,176m of a planned 3,107m. KS-6 follows. Five-month plan and mid-2009 completion unchanged. Duplicates Origin's release.
7 Feb 2008drilling progress report● Neutral
Origin reports Kupe KS-8's 9-5/8 inch casing was run and cemented, and KS-7's 12-1/4 inch section reached 2,176m of a planned 3,107m. KS-6 is next. Origin operates with 50%.
6 Feb 2008drilling progress report● Neutral
Beach weekly report: Coonatie-11 (Origin 10.54%) reached 3,114m and was cased and suspended as a future gas producer. Tirrawarra-75 is drilling ahead at 2,005m; Mudera-12 remains stopped for accident investigation; Mudlalee-6 is drilling.
6 Feb 2008drilling result▲ GoodMajor
Emu Apple 3 reached 1,484m with good oil shows and was cased as a future producer. A test of the Hutton Sandstone recovered 6.1 barrels of oil, a new oil pool for the Emu Apple field. Origin holds 90% via subsidiaries, Santos 10%.
5 Feb 2008drilling progress report● Neutral
QGC weekly report: Bellevue #9 (Origin 29.375%) reached 562m with 27.9m coal and Codie #9 (40.625%) reached 846m with 16.6m coal; both suspended awaiting workover rigs. Lauren #48 and Jordan #1 are new wells spudded.
31 Jan 2008drilling progress report● Neutral
NZOG reports KS-8 reached 3,429m in its 12-1/4 inch section, with casing to be run next, then KS-7 and KS-6. Origin operates with 50%; mid-2009 completion unchanged. Duplicates Origin's release.
31 Jan 2008drilling progress report● Neutral
Origin reports KS-8 reached 3,429m measured depth (2,973m vertical) in its 12-1/4 inch section, with 9-5/8 inch casing next. KS-7 and KS-6 follow. Five-month plan and mid-2009 completion unchanged.
30 Jan 2008drilling progress report▲ Good
Beach weekly report: Tirrawarra 73 (Origin 13.19%) was cased as a Permian oil and gas producer, and Mudera North-1 (13.19%) as a Coorikianna Sandstone gas producer. Coonatie-11 is logging; Mudera-12 and Mudlalee-6 are stopped, the former for an accident investigation.
30 Jan 2008drilling progress report● Neutral
QGC weekly report: Bellevue #10, #8 and Codie #8 and #10 are suspended awaiting workover rigs. Bellevue #10 found 34m of coal and Codie #10 found 34m. Bellevue #9, Codie #9 and Jen #1 continue. Origin holds 29.375% in Bellevue and 40.625% in Codie.
24 Jan 2008drilling progress report● Neutral
NZOG reports KS-8 finished its 17-inch section at 2,184m with casing cemented. The 12-1/4 inch section of KS-8 is next, then KS-7 and KS-6. Origin operates with 50%; mid-2009 target unchanged. Duplicates Origin's release.
24 Jan 2008drilling progress report● Neutral
Origin reports KS-8 finished its 17-inch section at 2,184m with casing cemented, so all three wells now have their 17-inch sections done. 12-1/4 inch sections follow, KS-8 first. Mid-2009 target unchanged.
23 Jan 2008drilling progress report▲ Good
Beach weekly report: Tirrawarra 73 (Origin 13.19%) reached 2,996m with 11m of interpreted oil pay and 5m of gas pay. Mudera North-1 (13.19%) reached 1,856m and Coonatie-11 is drilling.
