Past year: ▼ 10%(10.76 – 12.38 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
22 Jan 2008drilling progress report● Neutral
QGC weekly report: Origin-linked coal seam gas appraisal wells continue. Codie #8 (Origin 40.625%) reached 836m with 21.7m of coal, and Myrtle #1 (QGC 100%) is suspended. Bellevue #10 (Origin 29.375%) and Jen #1 (31.25%) are in progress.
17 Jan 2008drilling progress report● Neutral
Partner NZOG reports KS-8 at 1,809m in its 17-inch section, now planned to 2,200m, with KS-6 and KS-7 at 2,000m. Origin operates with 50%; five-month plan unchanged. Duplicates Origin's release.
17 Jan 2008drilling progress report● Neutral
Origin reports Kupe South 7 has reached 2,000m and KS-8 is at 1,809m in the 17-inch section, now planned to 2,200m. KS-6 and KS-7 are at 2,000m. 12-1/4 inch sections follow. Mid-2009 target unchanged.
16 Jan 2008drilling progress report▲ Good
Beach weekly report: Merrimelia-61 (Origin 13.19%) was cased as a future oil producer with 4.5m of interpreted oil pay. Coonatie-11, Mudera North-1 and Tirrawarra 73 are drilling. The Callawonga pipeline is due to be commissioned by mid-March.
10 Jan 2008drilling progress report● Neutral
Origin reports Kupe South 7 at 1,852m in its 17-inch section, heading to 2,000m, with KS-8 next. KS-6 is at 2,000m. Drilling continues toward about 3,400m per well.
10 Jan 2008drilling progress report● Neutral
Partner NZOG reports Kupe South 7 at 1,852m in its 17-inch section, heading to 2,000m. KS-6 is already at 2,000m. Origin operates with 50%; the five-month drilling plan and mid-2009 completion are unchanged. Duplicates Origin's release.
9 Jan 2008drilling progress report▲ Good
Beach weekly report: Coonatie-10 (Origin 10.54%) was cased and suspended as a future gas producer, with 6m of interpreted Permian gas pay at 3,104m. Merrimelia-61 and Tirrawarra 73 are drilling. A small Cooper gas addition.
3 Jan 2008drilling progress report● Neutral
Origin reports the Kupe South 6 well has reached its planned 2,000m depth for the 17-inch section, with casing next. KS-7 and KS-8 follow. Drilling remains on the five-month plan.
3 Jan 2008drilling result▲ Good
Emu Apple 2 (ATP 470P, Origin 90% via subsidiaries, Santos 10%) found good oil shows in the Boxvale Sandstone and was cased as a future oil producer at 1,493m. Emu Apple 3 spudded 2 January. Follows the suspended Emu Apple 1 appraisal.
3 Jan 2008drilling progress report● Neutral
Partner NZOG reports Kupe South 6 reached 2,000m in its 17-inch section, with casing to follow, then the same section on KS-7 and KS-8. Origin operates with 50%; the mid-2009 completion target is unchanged. Duplicates Origin's release.
2 Jan 2008drilling progress report● Neutral
Beach weekly report: Charo-3 (Origin 13.19%) was cased as a future oil producer, and Tartulla-8 (10%) was cased as a future gas producer. Zogg-1 (13.19%) was plugged and abandoned. Coonatie-10 (10.54%) is being logged at 3,104m. Mixed Cooper results.
28 Dec 2007drilling progress report● Neutral
NZOG reports Kupe development drilling is progressing: top-hole sections of all three wells are done, and Kupe South 6 is at 975m in its 17-inch section. Origin operates with 50%. Same content as Origin's own release.
28 Dec 2007drilling progress report● Neutral
Origin reports Kupe South 6 has reached 975m, with the top sections of all three wells completed (560-568m). Drilling continues in batches toward about 3,400m. No change to the mid-2009 target.
20 Dec 2007drilling spud▲ Good
Partner NZOG reports the Ensco 107 rig has started batch drilling three Kupe development wells, taking about five months. Kupe (Origin 50% operator) is still expected to be completed by mid-2009. Moves the project into its drilling phase.
20 Dec 2007drilling spud▲ GoodMajor
Origin, as Kupe operator (50%), confirms the Ensco 107 rig has started batch drilling three development wells, about 3,400m deep each, taking around five months. Platform installation went smoothly. Completion is still expected by mid-2009.
20 Dec 2007farm in farm out completion▲ GoodMajor
Geodynamics shareholders approved Origin's 30% geothermal joint venture at the 19 December meeting, leaving no outstanding conditions. Origin commits $96m, plus $9.6m if Stage One is completed on time and budget. Resolves the pending 29 October farm-in.
12 Dec 2007drilling progress report▲ Good
Beach weekly report: Charo-2 (Origin 13.19%) was cased as a future oil producer, with about 3m of interpreted oil pay. Coonatie-10 (10.54%), Ogg-1 (13.19%) and Tartulla-8 (10%) are drilling. A small Cooper oil addition.
11 Dec 2007drilling progress report▲ Good
QGC weekly report: Bellevue, Argyle and Poppy wells are being drilled, with several awaiting workover rigs. Argyle #22 (Origin CSG 40.625%) shows excellent permeability between Argyle/Kenya and Argyle East. No certified reserves figure yet.
5 Dec 2007drilling progress report● Neutral
Beach weekly report: Ikarumba-1 (Origin 13.19%) was plugged and abandoned, and Wellington-6 (16.74%) was also plugged and abandoned. Coonatie-8/ST1 (10.54%) is being cased as a future gas producer, with about 17m of interpreted gas pay. Beach's Parsons-1 oil find is not Origin's.
28 Nov 2007drilling progress report▲ Good
Beach weekly report: Merrimelia-60 was cased as a future oil producer (Origin 13.19%). Jena-25 was cased as a potential producer, though Beach opted out. Coonatie-8 sidetrack is at 3,073m. Small Cooper oil additions.
21 Nov 2007drilling progress report▲ Good
QGC weekly report: Lauren Monitor #1 (Origin CSG 40.625%) ran three tests, with indications of excellent permeability between the Lauren and Argyle areas. Kate Monitor #1 is testing. Supports the pending reserves certification, but no certified figure yet.
21 Nov 2007drilling result▼ BadMajor
Moana 1 (Origin one third) reached 3,674m with no significant hydrocarbon shows in the primary reservoir and will be plugged and abandoned. A dry hole for Origin's New Zealand exploration.
21 Nov 2007drilling progress report▼ Bad
Beach weekly report: Jena-21 (Origin 13.19%) was plugged and abandoned, and Coonatie-8 sidetrack is drilling at 2,484m. Beach says Warragon-1 testing is sub-economic. Origin is not named in Warragon. Small Cooper setback.
16 Nov 2007drilling progress report● Neutral
Operator OMV reports Moana 1 (Origin one third) was drilling ahead at 2,771m, toward a proposed 3,995m. No results yet.
14 Nov 2007drilling progress report▲ Good
Beach weekly report: Montegue-1 (Origin 16.74%) was cased as a future gas producer, with the operator interpreting 5m gas pay in the Toolachee and 7m in the Patchawarra. Coonatie-8 (10.54%) is being sidetracked after stuck pipe. A small Cooper gas addition.
9 Nov 2007drilling spud● Neutral
Operator OMV has begun drilling the Moana 1 exploration well offshore Taranaki Basin, New Zealand, to a proposed 3,995m. Origin holds one third of the permit. A new exploration well for Origin, with no result yet.
7 Nov 2007drilling progress report● Neutral
Beach weekly report: Coonatie-8 (Origin 10.54%) is waiting on rig parts after stuck pipe. Bugito-2 (13.19%) was plugged and abandoned, and Montegue-1 (16.74%) is drilling at 2,621m. No new positive Origin result.
5 Nov 2007drilling progress report● Neutral
QGC weekly report: Argyle #19 (673m) is cased awaiting a workover rig, and Argyle #18 is drilling at 65m (Origin CSG 40.625%). Poppy #1 core well (Origin 31.25%) is running casing. Berwyndale South wells have no Origin interest. Routine development drilling.
31 Oct 2007drilling progress report● Neutral
Beach weekly report: Merrimelia-58 (Origin 13.19%) was plugged and abandoned, a dry result; Coonatie-8 (10.54%) still has stuck pipe. Ulandi-16 (13.19%) was cased as a future oil producer. Small Cooper result for Origin.
30 Oct 2007drilling progress report● Neutral
QGC weekly report: Argyle #32 (644m) and new Argyle #39 (640m) are suspended awaiting workover rigs (Origin CSG 40.625%). Berwyndale South wells have no Origin interest. Routine development drilling.
