3 Feb 2006drilling progress report▼ Bad
Kyeen Creek 1 tested the Basal Rewan Sandstone at 2,347 to 2,358 metres. Gas reached surface but the rock has low permeability, and no main flow occurred. The well was drilling at 2,411 metres.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
27 Jan 2006drilling progress report● Neutral
Kyeen Creek 1 reached 1,893 metres, with surface casing set at 397 metres. No result yet; the well is still drilling toward a planned 2,543 metres.
27 Jan 2006drilling progress report● Neutral
ARC's Snottygobble 1 was running back in the hole after a tool failure repair, at 2,604 metres. Origin remains a non-participant. No result yet.
19 Jan 2006drilling progress report● Neutral
ARC's Snottygobble 1 well, which Origin is not participating in, was drilling ahead at 1,870 metres. The target Dongara Sandstone is expected at about 2,865 metres. No result yet.
19 Jan 2006drilling spud● Neutral
Origin's weekly report shows Kyeen Creek 1 started on 18 January 2006 in the Surat Basin (ATP470P) and reached 399 metres. Ausam funds about 68% of well costs to lift its stake to 45%, cutting Origin to 49.5% after the well.
12 Jan 2006drilling spud● Neutral
ARC Energy began drilling the Snottygobble 1 gas well in the Perth Basin's L1 licence, a 50/50 permit with Origin. Origin declined to join, so ARC carries the well alone as a sole-risk project. Target is about 20 BCF (P50).