Past year: ▼ 10%(10.76 – 12.38 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
19 Mar 2007drilling progress report● Neutral
QGC weekly report: Kenya #5 (PL 228, Origin CSG 40.625%) reached 734.8m with 30.1m of gassy coal and is cased, awaiting a workover rig. Completes the reserves-certification five-spot drilling; earlier it was delayed by rig mast damage. Other QGC wells reported; no flow results.
19 Mar 2007drilling result▲ Good
Victoria Petroleum says Origin's Jingemia-11 logs show the full 31m Dongara Sandstone, with a 23m oil column over an ~8m partly swept zone, 14m updip of the best producer. Casing is being run to complete it as a producer; field target is about 5,000 bopd from 3,000.
15 Mar 2007drilling progress report▲ Good
Victoria Petroleum: wireline logging under way at Jingemia-11 after reaching 2,606m TD. Preliminary logs still indicate oil-saturated Dongara Sandstone from 2,489 to 2,520m. No new result.
14 Mar 2007drilling result▲ Good
Victoria Petroleum says Jingemia-11 reached total depth of 2,606m and is being prepared for wireline logging. Preliminary logs suggest the whole Dongara Sandstone is likely oil-saturated, with the top 10m updip of the best producing well. Repeats Origin's update.
14 Mar 2007drilling progress report● Neutral
Beach weekly report: Moomba-177 (Origin 13%) cased and suspended at 2,371m for later deepening by a specialised rig. Epsilon-11 (13%) drilling ahead at 1,890m. No flow results.
13 Mar 2007drilling result▲ GoodMajor
Origin says Jingemia 11 hit the Dongara Sandstone at 2,489m, about 10m updip of the field's previous highest well. Early logs suggest the full ~31m reservoir is likely oil-saturated. Well will be drilled to 2,614m and connected to the Jingemia facility.
13 Mar 2007drilling result▲ Good
ARC Energy (44.141% partner) re-releases Origin's Jingemia 11 update: top Dongara Sandstone at 2,489m, 10m updip of previous highest well, full ~31m likely oil-saturated. No new information.
13 Mar 2007drilling result▲ Good
Victoria Petroleum reports good oil shows in the Dongara Sandstone target at Jingemia-11 (Origin 49.189%) over 2,489-2,520m. It expects completion could lift field output from 3,200 to about 5,000 bopd. Early, pre-testing indication.
12 Mar 2007drilling progress report● Neutral
Victoria Petroleum: Jingemia-11 changing the drill bit at 2,396m, approaching the target sandstone. No results yet.
9 Mar 2007drilling progress report● Neutral
Victoria Petroleum: Jingemia-11 changing the drill bit at 1,711m. No results yet.
8 Mar 2007drilling progress report● Neutral
Victoria Petroleum: Jingemia-11 drilling ahead at 1,686m toward about 2,614m. No results yet.
7 Mar 2007drilling progress report● Neutral
Victoria Petroleum: Jingemia-11 drilling ahead at 1,149m toward about 2,614m. No results yet.
7 Mar 2007drilling progress report● Neutral
Beach weekly report: Dullingari-59 (Origin 13%) cased and suspended at 1,828m for future completion as an oil producer. Moomba-177 (13%) drilling ahead at 1,813m. No flow results.
6 Mar 2007drilling progress report● Neutral
Victoria Petroleum reports Jingemia-11 (Origin operator, 49.189%) drilling ahead at 853m, toward planned depth of about 2,614m. No results yet.
2 Mar 2007drilling progress report● Neutral
Victoria Petroleum update: Jingemia-11 (Origin operator, 49.189%) was preparing to set casing at 534m. Repeats earlier planned depth of about 2,614m; no results yet.
1 Mar 2007drilling spud● Neutral
ARC re-releases Origin's announcement that Jingemia 11 (Origin 49.189%, operator) has started drilling. No new information.
1 Mar 2007drilling spud▲ Good
Origin spudded the Jingemia 11 oil development well (Origin 49.189%, operator) in L14 on 28 Feb, targeting the Dongara Sandstone at about 2,490m. Planned depth about 2,614m, roughly 18 days to drill and complete.
1 Mar 2007drilling spud▲ Good
Victoria Petroleum (5% holder) reports Jingemia-11 in L14 started drilling, targeting about 2,614m depth. It says success could lift field output to roughly 5,000 bopd; Origin operates with 49.189%. Largely duplicates Origin's own release.
28 Feb 2007drilling progress report● Neutral
Beach weekly report: Coonaberry-2 (Origin 16%) rig released with production casing set at 2,833m TD; Fly Lake-22 (13%) rig released at 2,941m TD, casing set; Dullingari-59 (13%) casing set. No flow results.
22 Feb 2007drilling result▲ Good
ARC says Eremia 7 (Origin 50%) is completed as an oil producer, with a total original oil column of 24.5m, about 10m partly swept. Clean-up flow under way before tie-in to Hovea-Eremia facilities; rig moves to Jingemia 11.
21 Feb 2007drilling progress report● Neutral
Beach weekly report: Coonaberry-2 (Origin 16%) reached 2,833m TD and is preparing for logging; Dullingari-59 (13%) at 1,828m TD; Fly Lake-22 (13%) drilling in basement at 2,939m after the stuck pipe. No results given.
20 Feb 2007drilling progress report● Neutral
QGC weekly report: Kenya #4 (Origin CSG 40.625%) reached 735m with 25.7m of gassy coal and is cased, awaiting a workover rig. Rig mast damaged in a road slip, 7-10 days to repair, delaying Kenya #5. Woleebee Creek #3 also awaits workover rig.
16 Feb 2007drilling result▲ Good
Origin's own update on Eremia 7 (Origin 50%, ARC operator): total depth 2,296m measured on 14 Feb, Dongara Sandstone 2m above the best previous intersection (Eremia 6). Preliminary logs show an 11m oil column over ~16m partly swept zone; to be cased as producer.
15 Feb 2007drilling result▲ GoodMajor
Eremia 7 (Origin 50%) reached 2,996m and hit the Dongara Sandstone about 12m high to prognosis, with an 11m oil column. It will be cased as an oil producer; a good sign for Eremia field reserves.
14 Feb 2007drilling progress report● Neutral
Beach weekly report: Dullingari-58 (Origin 13%) is cased and suspended after a test recovered 5 barrels of oil. Fly Lake-22 is jarring to free stuck drill pipe; Coonaberry-2 (16%) resumed drilling.
12 Feb 2007drilling progress report● Neutral
QGC weekly report: Kenya #2 (Origin CSG 40.625%) reached 735m with 26.3m of gassy coal; Kenya #4 is cased and waiting on cement. Routine drilling in the Surat CSG program.
8 Feb 2007drilling progress report● Neutral
Eremia 7 (Origin 50%) is drilling ahead at 542m. No hydrocarbon indications reported yet.
7 Feb 2007drilling progress report● Neutral
Beach weekly report: Dullingari-58 (Origin 13%) is at 1,822m TD, running logs. Fly Lake 22 (13%) is drilling surface hole; Coonaberry-2 (16%) remains suspended for road closures. No results.
6 Feb 2007drilling spud● Neutral
Origin's own release of the Eremia 7 appraisal well start (50% Origin, ARC operator), duplicating ARC's announcement. Targets the Dongara Sandstone near the field crest, planned depth about 2,263m.
6 Feb 2007drilling spud● Neutral
ARC spudded the Eremia 7 oil appraisal well (Origin 50%) in Perth Basin L1 on 3 February, targeting the Dongara Sandstone at about 2,117m. Planned total depth 2,263m; follows the Eremia 6 well.
