Past year: ▼ 10%(10.76 – 12.38 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
24 July 2007drilling progress report▲ Good
Origin reports Apium 2 (50%) was completed in the Dongara Sandstone and perforated at 2,760.7-2,765.7m. The rig was released 21 July and moves to ARC's Canning Basin program; surface facilities are being prepared for production testing.
19 July 2007drilling result▲ Good
ARC reports Apium 2 (Origin 50%) hit the Dongara Sandstone at 2,756.7m, about 7m higher than Apium 1, and reached total depth of 2,793m. Shows were seen from 2,757 to 2,781m; the well is preparing to run completion.
12 July 2007drilling progress report● Neutral
Origin repeats ARC's 12 July Apium 2 update: drilling ahead in Kockatea Shale at 2,547m measured depth, with the Dongara Sandstone target at 2,752m. No new information.
12 July 2007drilling progress report● Neutral
ARC reports the Apium 2 sidetrack (Origin 50%) was successful and is drilling ahead in the Kockatea Shale at 2,547m, above the Dongara Sandstone target at 2,752m. No hydrocarbon indications yet.
11 July 2007drilling result▲ Good
Beach reports Cooper Basin oil finds. Origin's 13.19% wells Gambero-1 (12m oil column) and Mudlalee-4 (15m oil column) were successful; Big Lake 84 reached 2,989m TD. Small additions to Origin's Cooper oil push.
9 July 2007drilling progress report● Neutral
QGC weekly report on Surat coal seam gas wells. Codie #2 (Origin CSG 40.625%) is not yet drilling, with the rig on site. Other wells reported are 100% QGC or QGC/SGA permits with no Origin interest stated.
5 July 2007drilling progress report● Neutral
ARC reports Apium 2 (Origin 50%) is preparing the wellbore for the sidetrack, running a casing scraper into the hole. No hydrocarbon indications yet; the well started on 29 June and was planned to take about 13 days.
4 July 2007drilling progress report● Neutral
Beach weekly report on Cooper Basin wells: Big Lake 84 (Origin 13.19%) is drilling ahead at 2,455m, Alwyn-7 is preparing to cement surface casing, and Gambero-1 is drilling at 888m. No results for Origin's interests yet.
2 July 2007drilling spud● Neutral
Origin repeats ARC's news that the Apium 2 gas appraisal sidetrack (Origin 50%) in L1 started on 29 June, targeting the Dongara Sandstone near 2,752m with planned total depth about 2,812m. No new information.
29 June 2007drilling spud● Neutral
ARC reports Apium 2 (Origin 50%) started on 29 June as a sidetrack of Apium 1 in L1, targeting the Dongara Sandstone near 2,752m, about 10m updip of Apium 1. It is expected to take 13 days.
27 June 2007drilling progress report● Neutral
Beach weekly report on Cooper Basin wells: Big Lake 84 (Origin 13.19%) is drilling ahead in the Bulldog Shale at 1,394m. No flow results for Origin's interests.
20 June 2007drilling result▼ BadMajor
ARC reports Drakea 2 (Origin 50%) found hydrocarbons in the High Cliff and Kingia Sandstones but with low permeability, so commercial production at this location is unlikely. The well is suspended for possible re-entry. This resolves the sidetrack hope from Drakea 1.
20 June 2007drilling progress report● Neutral
Beach weekly report on Cooper Basin wells: Big Lake 85 and Moomba 178 (Origin 13.19% each) have both reached total depth, at 2,917m and 2,727m, with no result stated. No flow results.
20 June 2007drilling result▼ Bad
Origin repeats the Drakea 2 result: hydrocarbons in the High Cliff and Kingia Sandstones, but all reservoir sections are low permeability and unlikely to produce commercially here. The well is suspended for possible re-entry, and the rig moves to Apium 2.
14 June 2007drilling progress report● Neutral
ARC reports the Drakea 2 sidetrack (Origin 50%) drilling ahead in the High Cliff Sandstone at 2,773m, with elevated gas readings and oil shows. Their significance will be assessed after total depth and logging.
13 June 2007drilling progress report● Neutral
Beach weekly report on Cooper Basin wells: Big Lake 85 (Origin 13.19%) is drilling ahead in basement at 2,907m, and Moomba 178 (Origin 13.19%) is at 2,727m conditioning the hole before casing. No flow results.
13 June 2007farm in farm out agreement▲ GoodMajor
Origin agrees a heads of agreement for ARC to take 40% of Bass Basin permit T/44P (granted 100% to Origin in the March quarter) by reimbursing Origin's back-costs, with an option for a further 10%. It is subject to formal documents and approvals; seismic is planned for early 2008 and a well later.
12 June 2007drilling progress report● Neutral
QGC weekly report: Argyle #15 (Origin CSG 40.625%) reached 667m with 24.9m of gassy coal and is cased awaiting a workover rig. Other wells are QGC-only. No flow results.
8 June 2007drilling progress report● Neutral
Origin repeats the Drakea 2 sidetrack update: drilled to 1,919m in the Eneabba Formation, with rig repairs under way. The target High Cliff Sandstone is expected near 2,716m. No new results.
7 June 2007drilling progress report● Neutral
ARC reports the Drakea 1 sidetrack, named Drakea 2 (Origin 50%), kicked off at 1,413m and was drilling the Eneabba Formation at 1,900m. This is the seven-day crestal sidetrack the joint venture was considering; no results yet.
6 June 2007drilling progress report● Neutral
Beach weekly report on Cooper Basin wells; Big Lake 85 (Origin 13.19%) is drilling ahead in the Nappamerri Group at 2,159m. No flow results for Origin's interests.
4 June 2007drilling progress report▲ Good
QGC weekly report: Argyle #15 (Origin CSG 40.625%) is about to start drilling, and Kenya East #3 (Origin 31.25%) hit 31.1m of gassy coal at 734m with encouraging permeability indications from drill stem tests. It is cased, awaiting a workover rig.
1 June 2007drilling result● Neutral
Origin repeats the Drakea 1 result: 3,080m depth and an oil column of about 3-5m in the 35m-thick High Cliff Sandstone. The joint venture is considering a seven-day sidetrack to a more crestal location where more oil may be found.
1 June 2007drilling result● NeutralMajor
ARC reports Drakea 1 (Origin 50%) reached 3,080m and found an oil column of about 3-5m at the top of the roughly 35m-thick High Cliff Sandstone. The joint venture is considering a seven-day sidetrack to a higher position.
30 May 2007drilling progress report● Neutral
Beach weekly report on Cooper Basin wells: Narcoonowie 5 (Origin 13.19%) is cased and suspended as a potential oil producer, and Big Lake 85 (Origin 13.19%) is preparing to run surface casing. No flow results.
24 May 2007drilling progress report● Neutral
ARC reports Drakea (Origin 50%) at 2,556m, close to the planned 2,589m target. Elevated gas and intermittent oil shows are seen in the shaly section above, and their significance will be assessed at total depth.
24 May 2007drilling progress report● Neutral
Origin's own report of Drakea 1 (Origin 50%) drilling in the Irwin River Coal Measures at 2,556m, with casing set at 800m. It repeats ARC's update and adds no new results.
23 May 2007drilling progress report● Neutral
QGC weekly report: Kenya #23 (Origin CSG 40.625%) reached 674m with 24.8m of gassy coal and is cased awaiting a workover rig. Argyle #13 reached 668m with 25.9m of coal. No flow results.
23 May 2007drilling progress report● Neutral
Beach weekly report on Cooper Basin wells: Burke 10 (Origin 13.19%) is cased and suspended as a potential gas producer, and Boongala 2 (Origin 13%) is perforating casing. No flow rates are given for either.
17 May 2007drilling progress report● Neutral
ARC reports Drakea (Origin 50%) at 1,426m on 17 May, with 244mm casing set at 800m and drilling ahead in the Cattamarra Coal Measures. No hydrocarbon indications yet.
