24 Nov 2006drilling spud● Neutral
Origin relays the start of Lyginia 1 (50%) in the Perth Basin: Dongara Sandstone target at about 2,215m, planned total depth about 2,325m, around 17 days. Duplicates ARC's release.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
24 Nov 2006drilling spud● Neutral
ARC spudded Lyginia 1 (Origin 50%) in the Perth Basin L1 licence on 24 November. It targets the Dongara Sandstone, expected at about 2,215m, with total depth about 2,325m in roughly 17 days. First of the planned exploration wells.
21 Nov 2006drilling progress report▲ Good
QGC's weekly report: Kenya #19 in PL 228 (Origin CSG 40.625%) spudded 17 November as the first of a ten-well program for the Incitec Pivot contract. It reached 667m with 24.6m of gassy coal and is being cleaned out before casing.
16 Nov 2006drilling result▲ Good
ARC re-releases Origin's 15 November Eremia 6 update: a 23m oil column in the Dongara Sandstone, with the well being cased for testing. Nothing new beyond the earlier releases.
15 Nov 2006drilling progress report● Neutral
Beach's weekly report lists Cooper Basin wells where Origin holds 25%: Yanda-23 was cased and suspended as a Murta oil producer. No new Origin-specific result; the other wells listed are not Origin's.
15 Nov 2006drilling result▲ Good
Origin repeats the Eremia 6 result: a 23m oil column in the Dongara Sandstone, 8m above the previous highest field intersection, in an area interpreted as undrained. Hole conditions blocked wireline logs; the well is being cased for testing.
14 Nov 2006drilling result▲ GoodMajor
ARC reports Eremia 6 (Origin 50%) reached 2,315m and, on early logging-while-drilling data, found a 23m oil column in the Dongara Sandstone, 8m higher than any prior field intersection. Suggests an undrained part of the field, resolving the Eremia 5 miss; wireline confirmation still needed.
13 Nov 2006drilling progress report● Neutral
QGC's weekly report: Kenya #1 in PL 228 (Origin CSG 40.625%) reached 743m with 20.5m of gassy coal and is cased, awaiting a workover rig. Berwyndale South #49 (no Origin interest) is also drilled. Adds data for reserves certification.
9 Nov 2006drilling progress report● Neutral
ARC reports the Eremia 5 sidetrack, now named Eremia 6 (Origin 50%), is drilling ahead at 1,652m after plugging back. No hydrocarbon indications are reported yet.
6 Nov 2006drilling progress report● Neutral
QGC's weekly report: Kenya East #2 (Origin CSG 31.25%) hit 740m with 29.5m of gassy coal and is cased, awaiting a workover rig. Berwyndale South #62 (no Origin interest) is also cased. Feeds QGC's reserves certification.
2 Nov 2006drilling progress report▼ Bad
ARC reports Eremia 5 (Origin 50%) reached 2,306m but landed about 45m east of, and on the low side of, the Eremia bounding fault. A sidetrack to a revised target is under way, which ARC says had been planned as a possibility.
26 Oct 2006drilling progress report● Neutral
ARC's report: Eremia 5 (Origin 50%) drilled to 1,595m before a mechanical malfunction; the rig is awaiting repair, expected within 24 hours. No oil indications yet reported.
20 Oct 2006drilling spud● Neutral
ARC spudded the Eremia 5 development well in the Perth Basin's L1 licence on 19 October, with Origin holding 50%. It targets the Dongara Sandstone near the Eremia oil field crest, to 2,331m over about 18 days.
20 Oct 2006drilling spud● Neutral
Origin's release repeats that ARC spudded Eremia 5 (Origin 50%) on 19 October, planned to 2,331m in about 18 days, now drilling at 425m. Nothing new beyond the earlier spud announcement.
18 Oct 2006drilling progress report● Neutral
Beach's weekly report: Glenaire 1 sidetrack (Origin 20%) is at 3,386m on a wiper trip. Baryulah-11 reached 2,600m and Yanda-18 is cased and suspended (both Origin 25%). Kiana-2 is abandoned (Origin not a participant). No Glenaire result yet.
16 Oct 2006farm in farm out agreement● Neutral
Victoria Petroleum's group will pay for Tomcat-1 in the Cooper Basin's PPL 93 to earn 50% of the Wilpinnie North Block if it is commercial. Origin's interest would fall to 6.595% from that block; the well is due late December 2006. Partner's release.
12 Oct 2006drilling progress report▲ Good
ARC reports Hovea 12 (Origin 50%) has casing cemented at 2,473m and is being completed for clean-up and production testing. Logs show a 22m oil column, and the northern field looks less depleted than modelled. This continues the earlier result.
11 Oct 2006drilling progress report● Neutral
Beach's weekly report: Glenaire 1 sidetrack (Origin 20%) is at 3,119m, waiting on rig repairs. Origin's 25% Yanda-17 is cased and suspended after a misrun test, and Baryulah-11 and Yanda-18 are drilling. No new result.
10 Oct 2006drilling progress report● Neutral
QGC's weekly report: Bellevue 7 (540m, 34.8m gassy coal) and Bellevue 6 (520m, 29.4m gassy coal) are cased and awaiting pumps. Origin holds 29.375% of the permit. Both feed QGC's reserves upgrade.
4 Oct 2006drilling progress report▼ Bad
Beach's weekly report: Glenaire 1 (Origin 20%) is being sidetracked from a plugged-back 3,028m because of deviation problems. Origin also holds interests in Yanda-17, which is at 1,923m total depth and preparing a test. No result yet.
3 Oct 2006farm in farm out completion▲ GoodMajor
Origin confirms Kenya approved the deeds for Blocks L8/L9, so its farm-in is complete and it holds 75%. It must fund at least US$4m of 2D seismic, due to start December 2006. A 3,000m well is required if it continues.
3 Oct 2006farm in farm out completion▲ GoodMajor
Pancontinental says Kenya's government executed the deeds for Blocks L8/L9, satisfying the farm-in condition so Origin now holds 75%. Origin must fund at least US$4m of 2D seismic by October 2007. It can drop out of drilling by 14 July 2007.
3 Oct 2006drilling result▲ Good
ARC reports Hovea 12 (Origin 50%) reached 2,473m, with logs showing a 22m oil column above the field's oil-water contact. The reservoir was deeper than expected, and water has risen less than predicted. The well will be completed for production.
3 Oct 2006drilling result▲ Good
Origin confirms Hovea 12 (50%) reached 2,473m and found a 22m oil column above the oil-water contact. The reservoir was deeper than expected, but water rise is less than predicted. It will be completed and tied into Hovea facilities.
28 Sept 2006drilling progress report● Neutral
ARC reports Hovea 12 (Origin 50%) is drilling ahead at 1,908m after setting casing at 1,596m. Target is the Dongara Sandstone, with total depth planned at 2,476m. No hydrocarbon results yet.
26 Sept 2006drilling progress report● Neutral
Beach's weekly report: Glenaire 1 (Origin 20%) reached 3,002m, with 7-inch casing set before drilling the final section toward 3,945m. No result yet. Beach's Somerton 1 found no hydrocarbons.
20 Sept 2006drilling spud● Neutral
Origin announces the Hovea 12 oil development well (Origin 50%, ARC operator) began drilling on 19 September. It aims for the Dongara Sandstone at about 2,274m, with a planned total depth of about 2,476m, taking 24 days.
20 Sept 2006drilling spud● Neutral
ARC Energy, operator with Origin holding 50%, spudded the Hovea 12 development well in the Perth Basin on 19 September. It targets the Dongara Sandstone near the crest of the Hovea oil field, with about 24 days planned. Partner's release.
19 Sept 2006drilling scheduled▲ Good
QGC, operator of coal seam gas permits where Origin holds interests, plans at least 11 new wells plus core, monitoring and workover wells in the eastern Surat Basin. It aims to lift 2P reserves to at least 1,000 PJ.
19 Sept 2006drilling progress report● Neutral
QGC weekly report: Bellevue 3, 4 and 5 (Origin 29.375%) hit 29-35m of gassy coal and were cased, awaiting a workover rig before pumping. Bellevue 2 is producing mostly water with small gas volumes. No reserve change yet.