Past year: ▼ 10%(10.76 – 12.38 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
16 May 2007drilling progress report● Neutral
Beach weekly report on Cooper Basin wells. Narcoonowie 6 (Origin 13%) was cased and completed as a Hutton oil producer, and Moomba 31ST1 flowed gas at 1.22 MMscfd. Burke 10 (Origin 13.19%) was plugged and abandoned.
15 May 2007drilling progress report● Neutral
QGC weekly report: Argyle #14 (Origin CSG 40.625%) reached 677m with 24.5m of gassy coal and is cased awaiting a workover rig. Kenya #23 is drilling at about 399m, and Berwyndale South #64 reached 624.7m. No flow results.
14 May 2007drilling spud● NeutralMajor
Origin confirms its own notice that Drakea 1 (Origin 50%, ARC operator) started drilling 11 May 2007 in Perth Basin L1, targeting the High Cliff Sandstone at about 2,589m, with planned total depth of about 2,839m. Repeats ARC's release.
11 May 2007drilling spud● Neutral
ARC, operator of L1 (Origin 50%), reports the Drakea exploration well spudded 11 May 2007 after rig maintenance. Planned depth is about 2,839m, with the High Cliff Sandstone expected near 2,589m. Continues the Drakea 1 plan noted earlier.
9 May 2007drilling progress report● Neutral
Beach's weekly report showed Goyder 5 (Origin 13%) cased and suspended as a potential gas producer. Moomba 177 was cased and suspended as a gas producer and flowed 0.14 MMscfd of gas.
8 May 2007drilling progress report● Neutral
QGC weekly report: Kenya #12 and #21 (Origin CSG 40.625%) are cased with 25m of gassy coal each, awaiting workover rigs. Berwyndale South #64 is drilling and Argyle #14 is rigging up. No flow results.
4 May 2007drilling progress report● Neutral
Beharra Springs 4 (Origin 67%) reached intermediate depth of 3,269m on 26 April and was cased and suspended. The Century 18 rig is released. The underbalanced reservoir section to about 3,374m is now planned for June 2007, a month later than previously indicated.
2 May 2007drilling progress report▲ Good
Beach weekly report on Santos-operated Cooper Basin wells: Moomba 176 (Origin 13%) flowed 11.3 MMscfd and was cased as a gas producer. Caroowinnie 1 is cased as a potential oil producer after a DST recovered 45.5 bbl oil.
1 May 2007drilling progress report● Neutral
QGC weekly report: Kenya #13 and #14 (Origin CSG 40.625%) reached about 687-688m with 21-22m of gassy coal, and both were cased and awaiting workover rigs. Kenya #12 reached 696m with 25m of coal and was preparing to underream. No flow results.
30 Apr 2007resource reserve update▲ Good
Contact Energy (Origin 51.36%) gains 37.5 PJ of firmer reserves after the Maui JV moved 60.8 PJ from P50 to P85 status. This confirms the gas right Contact secured in October 2006 under its right of first refusal.
24 Apr 2007drilling progress report● Neutral
Beach weekly report on Santos-operated Cooper Basin wells: Thurakinna-6 and Moomba-39 ST1 (Origin 13%) are successful gas wells, cased and suspended. Cooba-2 and Goyder-5 (13%) are drilling or waiting on repairs. No flow rates.
19 Apr 2007drilling progress report● Neutral
ARC Energy (33% partner) re-releases Origin's 19 April Beharra Springs 4 update. No new information.
19 Apr 2007drilling progress report● Neutral
Beharra Springs 4 (Origin 67%) is drilling at 3,086m, 456m since the last report, close to the planned 3,240m intermediate casing point. The May coil tubing section to 3,374m is unchanged.
18 Apr 2007drilling progress report● Neutral
Beach weekly report on Santos-operated Cooper Basin wells: Fly Lake-21 (Origin 13%) TD 2,965.5m, cased and suspended as a successful gas well; Thurakinna-6 (13%) cementing production casing at 2,417m. No flow rates.
18 Apr 2007drilling progress report● Neutral
QGC weekly report: Kenya #20 (Origin CSG 40.625%) reached 702m with 19.6m of gassy coal and awaits a workover rig; Kenya #13 is drilling at about 201m. No flow results.
13 Apr 2007drilling progress report● Neutral
Beharra Springs 4 (Origin 67%) is drilling at 2,630m, 1,300m deeper than the 5 April report, heading for intermediate casing at 3,240m. The May coil tubing section to 3,374m is unchanged.
13 Apr 2007drilling progress report● Neutral
ARC Energy (33% partner) re-releases Origin's 13 April Beharra Springs 4 update. No new information.
11 Apr 2007drilling progress report● Neutral
Beach weekly report on Santos-operated Cooper Basin wells: Fly Lake-21 (Origin 13%) drilling at 2,377m; Moomba-36 ST1 a successful sidetracked gas well; Thurakinna-6 (13%) drilling at 1,052m. No flow results.
11 Apr 2007drilling progress report● Neutral
QGC weekly report: Kenya #6 (Origin CSG 40.625%) reached 702m with 25.3m of gassy coal and awaits a workover rig; Kenya #20 is drilling at about 315m. Berwyndale #6 is cased, awaiting workover. No flow results.
10 Apr 2007farm in farm out agreement● NeutralMajor
AWE will take an extra 7.4% of the Trefoil/White Ibis T/18P permit from Origin, lifting it to 30% and carrying part of Origin's forward exploration spend. Origin also buys AWE's 24.29% onshore Otway Basin interests for $5m cash.
5 Apr 2007drilling progress report● Neutral
ARC Energy (33% partner) re-releases Origin's 5 April Beharra Springs 4 update. No new information.
5 Apr 2007drilling progress report● Neutral
Beharra Springs 4 (Origin 67%) has surface casing set at 1,004.6m and was drilling at 1,330m, 1,100m of progress in the week. Target is intermediate casing at about 3,240m, then a May coil tubing section to 3,374m.
4 Apr 2007drilling progress report● Neutral
Beach weekly report on Santos-operated Cooper Basin wells: Fly Lake-23 (Origin 13%) cased and suspended; Barina 8 (13%) reached 2,277.5m and was cased and suspended as a successful gas development well. No flow rates given.
2 Apr 2007drilling progress report● Neutral
QGC weekly report: Berwyndale #7 and Berwyndale South #47 are cased, awaiting workover rigs; Berwyndale #6 is drilling at 564m. Kenya #6 (Origin CSG 40.625%) is rigging up for Incitec Pivot gas supply. No flow results.
29 Mar 2007drilling spud● Neutral
ARC Energy (33% partner) re-releases Origin's announcement that Beharra Springs 4 began drilling on 28 March. No new information.
29 Mar 2007drilling spud● Neutral
Origin began Beharra Springs 4 (L11, Origin 67%, ARC 33%) on 28 March to appraise gas in a compartment seemingly separate from the main field. Target is the Wagina Sandstone; the final section is to be drilled in May 2007 to about 3,374m.
28 Mar 2007drilling progress report▼ Bad
Beach weekly report on Santos-operated Cooper Basin wells: Dullingari-60 (Origin 13%) plugged and abandoned after a Murta test recovered only 0.5 bbl of oil; Fly Lake-23 running logs at 2,944m; Barina 8 drilling. No commercial result.
21 Mar 2007drilling result● Neutral
ARC Energy (44.141% partner) re-releases Origin's 21 March Jingemia 11 update: 31m of oil-saturated Dongara Sandstone, preparing to perforate and connect. No new information.
21 Mar 2007drilling progress report● Neutral
Beach weekly report on Santos-operated Cooper Basin wells: Epsilon-11 (Origin 13%) cased and suspended as a gas well at 2,221m; Fly Lake-23 and Dullingari-60 (13%) still drilling. No flow results.
21 Mar 2007drilling result▲ Good
Origin confirms Jingemia 11 (49.189%) intersected 31m of oil-saturated Dongara Sandstone, 14m updip of Jingemia 4, though the lower 8m looks partly swept by existing producers. It is preparing to perforate and connect to the facility. Production result still pending.
