Past year: ▼ 10%(10.76 – 12.38 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
3 June 2010drilling result▲ GoodMajor
AWE reports Redback-2 intersected the Wagina reservoir at 3,861m: about 14m thick and gas charged on initial log analysis. AWE calls it encouraging but says it is too early to comment on size or commercial significance. Origin holds 67%.
27 May 2010drilling progress report● Neutral
AWE's update repeats Origin's: Redback-2 coring in the Kockatea Shale at 3,808m, 199m progress in the week. Nothing new.
27 May 2010drilling progress report● Neutral
Redback 2 (Origin 67%, operator) was coring the basal Kockatea Shale at 3,808m on 27 May, above the Wagina target. Progress was 199m in the week. No results yet.
26 May 2010regulatory community update● Neutral
Australia Pacific LNG (50:50 with ConocoPhillips) opened its Gladstone project centre, with Queensland's Premier attending. ConocoPhillips' president said it looks forward to working with the Federal Government on the RSPT. No new project decisions.
25 May 2010regulatory community update▲ Good
Contact Energy (Origin 51.80% of quoted shares) completed its $100m, 23MW Tauhara One geothermal plant three weeks early and under budget. Stratford peaker construction is due to finish end of May, with testing complete by October; Ahuroa phase one on track for end-2010.
20 May 2010drilling progress report● Neutral
Redback 2 (Origin 67%, operator) was drilling at 3,609m on 20 May, 550m progress in the week. Target Wagina reservoir is 3,715m sub-sea. No results yet.
20 May 2010drilling progress report● Neutral
AWE's update repeats Origin's: Redback-2 drilling at 3,609m, 550m progress in the week. Wolf-1 still to follow. Nothing new.
18 May 2010investor presentation● Neutral
Grant King presented to the APPEA Conference in Brisbane on the role of natural gas in meeting future energy needs. The visible text covers Australian gas demand and climate policy background; no new announcements are visible.
13 May 2010drilling progress report● Neutral
AWE's update repeats Origin's: Redback-2 drilling at 3,059m, 761m progress in the week. Wolf-1 remains the next well. Nothing new.
13 May 2010other● Neutral
Contact Energy (Origin 51.80% of quoted shares) April 2010 operating data: average national wholesale price $79.29/MWh versus $39.12 a year earlier. North Island storage fell to 49% of mean; the energy hedge price dropped to $66/MWh from $123/MWh. Routine data release.
13 May 2010drilling progress report● Neutral
Redback 2 (Origin 67%, operator) had reached 3,059m on 13 May, with 9 5/8-inch casing at 2,049m. Target is 3,715m sub-sea. No results yet.
6 May 2010drilling result● Neutral
Salamander reported Bang Nouan-1 (Laos, Origin 30%) reached 3,400m. Up to 25m of potential gas pay was seen in the secondary Kuchinarai sandstone; the main Pha Nok Khao target zones were water-bearing. The well is suspended ahead of a test.
6 May 2010drilling progress report● Neutral
Redback 2 (Origin 67%, operator) had 9 5/8-inch casing set at 2,049m and was drilling at 2,298m on 6 May. Target is 3,715m sub-sea. No results yet.
6 May 2010drilling progress report● Neutral
AWE's update repeats Origin's: Redback-2 drilling at 2,298m after casing at 2,049m, 288m progress in the week. Wolf-1 remains the next well. Nothing new.
5 May 2010investor presentation● Neutral
Grant King presented to the Macquarie Connections conference under the 'decade of growth' theme. The visible text covers climate policy and funding capacity; it shows no new announcements.
30 Apr 2010quarterly activities report▲ Good
March quarter 2010 production rose 9% to 24.0 PJe and sales revenue rose 19% to $142.4m versus the March 2009 quarter, helped by Kupe, Otway and CSG growth. Year-to-date production is down 7% on APLNG dilution; adjusted, about 5% higher.
30 Apr 2010regulatory community update● Neutral
Contact Energy said its Ahuroa gas storage facility is on track to operate by December 2010 after the final three wells were drilled. Injection is paused until compressor reconfiguration finishes by September. It will supply the $250m, 200MW Stratford peaker due this winter.
29 Apr 2010drilling progress report● Neutral
AWE's update repeats Origin's: Redback-2 at 2,010m, 1,938m drilled in the week. It adds that Redback South-1 has since tested at a stabilised 11.5 million cubic feet a day, limited by test facilities, versus the earlier 38.4 peak.
29 Apr 2010investor presentation● Neutral
Karen Moses presented to the UBS Australian Utilities Conference under the 'decade of growth' theme. The visible text covers industry context and renewable energy target demand; no new announcements are visible.
29 Apr 2010drilling progress report● Neutral
Redback 2 (Origin 67%, operator) was drilling at 2,010m on 29 April, up from 72m a week earlier. The target depth is 3,715m sub-sea. No results yet.
27 Apr 2010half year report● Neutral
The half-year report to shareholders for the period to 31 December 2009 was lodged for those who elected to receive it. It restates known results: underlying profit up 28% to $355m, 25c interim dividend, and full-year profit guidance of around 15% growth. Nothing new.
23 Apr 2010drilling spud● Neutral
Origin (67%, operator; AWE 33%) began drilling Redback 2 on 23 April 2010, onshore Perth Basin, targeting the Wagina reservoir at 3,715m sub-sea. It follows the Redback South-1 gas discovery of 2009. Result is not yet known.
23 Apr 2010drilling spud● Neutral
AWE (33%) repeats Origin's news that Redback-2 has started drilling, to about 3,980m measured depth. It adds that Redback-1 (2004) missed the Wagina Sandstone, a shale core will be taken, and Wolf-1 is the next well. Nothing new on results.
22 Apr 2010other● Neutral
Contact Energy (Origin 51.80% of quoted shares) March 2010 operating data: average national wholesale price $112.09/MWh versus $35.56 a year earlier; hydro generation 212 GWh versus 261 GWh. North Island hydro storage was below mean. Routine data release.
21 Apr 2010contract award● Neutral
Service Stream announced contracts including field services for Origin's installation of solar PV and solar hot water systems. It is a third-party announcement; Origin's contract value is not stated, though the three Service Stream contracts combined are expected to add over $30m of revenue in 2010/11.
13 Apr 2010joint venture update● Neutral
Geodynamics (operator, 70%; Origin 30%) updated the Innamincka 'Deeps' program: Jolokia 1 restarts around June after floods, then Habanero 4/5 wells, a 1MW plant by early 2012 and a final decision on a 25MW demonstration plant by early 2013. Rig 100 then moves to the Origin-operated 'Shallows' JV's two ~2,200m wells.
13 Apr 2010joint venture update● Neutral
Geodynamics' media release repeats the updated Innamincka work program: 1MW plant operating by early 2012, a decision on a 25MW demonstration plant by early 2013 backed by $90m of federal funding, and a second rig due October 2010. Nothing new beyond the ASX announcement.
9 Apr 2010annual report● Neutral
Origin's 2009 Sustainability Report, covering the 12 months to 30 June 2009, was lodged for shareholders who elected to receive it. The visible text is front matter and contents with no new financial or operating news.
8 Apr 2010production update● Neutral
AWE's release repeats Origin's: BassGas has restarted after maintenance, with Yolla-4 at about 50 TJ/d and Yolla-3 to follow. It restates that AWE has agreed to buy CalEnergy's 15%, taking AWE to 57.5%; that deal is still not completed.
8 Apr 2010production update▲ Good
BassGas (Origin 42.5%, operator) restarted after a maintenance shutdown that began 22 November 2009. Yolla-4 is producing about 50 TJ/d during ramp-up; Yolla-3 awaits wireline work before it can resume. Facility had been expected back in late February.
