Past year: ▼ 10%(10.76 – 12.38 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
18 Feb 2010drilling result● Neutral
Rockhopper sidetrack testing finished: several sands were too tight to yield fluids, and two gave only filtrate and formation water. The well is being plugged and abandoned. Volumes will take some months to work out; commercial significance remains too early to call.
18 Feb 2010drilling progress report● Neutral
Innamincka (5%) forwarded Origin's 18 February Rockhopper update: testing complete, well being plugged and abandoned. Duplicate of the operator's release.
18 Feb 2010drilling progress report● Neutral
AWE (47.5%) relayed Origin's 18 February Rockhopper update, with plugging under way. Rig Kan Tan IV moves to New Zealand, where AWE will operate about four months of drilling starting with the Hoki-1 well.
17 Feb 2010drilling progress report● Neutral
Beach's weekly report: Santos-operated Coonatie-16 (Origin 10.54%) still at 1,132m, waiting on weather. Cooper Basin drilling suspended after heavy rain. Nothing new for Origin.
17 Feb 2010production update● Neutral
Contact Energy (Origin 51.66% of quoted shares) January 2010 data: generation 765 GWh, national wholesale price $40.39/MWh versus $25.79 a year earlier, electricity customers 481,000, up from 478,000 in December.
11 Feb 2010drilling result▲ Good
Innamincka (5%) relayed Origin's 11 February Rockhopper 1 sidetrack update: oil recovered from two sands. It adds that a volumetric assessment will take about six months and that the Gentoo structure is upgraded in its view (Innamincka's opinion, not Origin's).
11 Feb 2010drilling progress report● Neutral
AWE (47.5%) relayed Origin's 11 February update: Rockhopper 1 sidetrack sampling recovered oil from two sandstones, with more sampling to come. Duplicate of the operator's release.
11 Feb 2010drilling result● Neutral
Rockhopper 1 sidetrack sampling recovered oil from two sandstones and water from another. The reservoirs were 40-60m deeper than in Rockhopper 1, with sands 1-9m thick. Other, possibly tighter, sands are still to be sampled. Origin says commercial significance is still too early to call.
10 Feb 2010drilling progress report● Neutral
Beach's weekly report: Santos-operated Coonatie-16 (Origin 10.54%) was at 1,132m, waiting on weather after heavy rain. Beach's own Egyptian well hit the top of an oil column. Nothing of note for Origin.
4 Feb 2010drilling progress report● Neutral
The Rockhopper 1 sidetrack reached total depth of 3,482m on 3 February after cutting three cores of about 37m in total. Wireline logging and sampling will now help establish fluid contents and column heights. Origin says it is too early to speculate on commercial significance.
4 Feb 2010drilling progress report● Neutral
AWE (47.5%) relayed Origin's 4 February update: the Rockhopper 1 sidetrack reached total depth of 3,482m and is preparing to log. Duplicate of the operator's release.
4 Feb 2010drilling progress report● Neutral
Innamincka (5%) forwarded Origin's 4 February update: the Rockhopper 1 sidetrack reached total depth of 3,482m and is preparing to log. Duplicate of the operator's release.
3 Feb 2010drilling progress report● Neutral
Beach's weekly report: Santos-operated Coonatie-17 (Origin 10.54%) reached 3,104m TD and is to be cased as a future multi-zone Permian gas producer. Coonatie-16 (Origin 10.54%) was at 1,132m, preparing to run surface casing. Minor update.
29 Jan 2010quarterly activities report● Neutral
December quarter: Origin's exploration and production output rose 2% and sales revenue 16% on a year earlier. Half-year production was 14% lower, which Origin attributes mainly to the 50% dilution of its CSG interests in the APLNG deal. Half-year results are due 25 February 2010.
29 Jan 2010regulatory community update▲ GoodMajor
Australia Pacific LNG, Origin's 50:50 venture with ConocoPhillips, lodged its draft environmental impact statement with the Queensland Government. It covers the gas fields, the 450km pipeline and a four-train LNG plant on Curtis Island. Final investment decision is expected by December 2010, first export late 2014. The EIS milestone comes ahead of that decision.
28 Jan 2010drilling progress report● Neutral
The Rockhopper 1 sidetrack drilled 1,090m in the week, to 3,196m, and is running in to take core. No reservoir results were given. Continues the appraisal, with the volume of oil and gas still to be evaluated.
28 Jan 2010drilling progress report● Neutral
AWE (47.5%) relayed Origin's 28 January Rockhopper 1 sidetrack update: drilled to 3,196m, about to core. Duplicate of the operator's release.
28 Jan 2010drilling progress report● Neutral
Innamincka (5%) forwarded Origin's 28 January Rockhopper 1 sidetrack update: drilled to 3,196m, about to core. Duplicate of the operator's release.
27 Jan 2010drilling progress report● Neutral
Beach's weekly report showed Santos-operated Coonatie-17 (Origin 10.54%) drilling ahead at 2,388m. Chi-1 (no Origin interest) was at total depth of 1,521m, preparing a McKinlay Member drillstem test. Minor update for Origin.
22 Jan 2010other● Neutral
Contact Energy (Origin 51.66% of quoted shares) published December 2009 operating data. Average national wholesale price was $47.40/MWh against $27.27 a year earlier, and total generation was 789 GWh. Data only; no new result.
21 Jan 2010production update▲ GoodMajor
Australia Pacific LNG began commissioning Stage Two of the Talinga CSG plant, after Stage One in November. Capacity passes 30 TJ/d now, 90 TJ/d on completion. APLNG's CSG capacity rises to about 250 TJ/d, targeted at 350 TJ/d later in 2010.
21 Jan 2010drilling progress report● Neutral
The Rockhopper 1 sidetrack restarted on 19 January after crane repairs and has drilled 136m, to 2,106m. It should reach the main reservoir in about a week, then take two more weeks for data and plugging. Continues the post-discovery appraisal.
20 Jan 2010drilling progress report● Neutral
Beach's weekly report: Santos-operated Cooper Basin wells, including Narcoonowie-10 (Origin 13.19%), cased and suspended as a future McKinlay oil producer at 1,352m, and Coonatie-17 and Chi-1 (Origin interests of 10.54% in one) drilling. Minor update.
20 Jan 2010other● Neutral
Contact Energy (Origin 51.66% of quoted shares) will release half-year results on 23 February 2010, with an interim distribution record date of 9 March 2010, subject to board approval. Date notice only; no results.
15 Jan 2010production update▲ Good
New Zealand Oil & Gas (15% Kupe partner) relayed news that the first Kupe light crude shipment loads from 17 January. Production has proceeded as expected since early December. Duplicate of Origin's release.
15 Jan 2010production update▲ Good
The first Kupe light crude shipment (120,000-180,000 barrels, contracted to BP, bound for Kwinana) loads at Port Taranaki from 17 January. Gas, LPG and crude have flowed since early December; remaining plant testing continues over the next two months. Origin holds 50% and operates.
15 Jan 2010joint venture update● NeutralMajor
Origin and US semiconductor maker Micron formed a 50:50 joint venture to develop photovoltaic technology. The near-term aim is to combine Origin's solar work with Micron's capabilities and examine commercialisation. No funding or financial terms stated.
14 Jan 2010drilling progress report▼ Bad
Innamincka (5%) forwarded Origin's 14 January update: Rockhopper 1 sidetrack delayed about two weeks for rig crane repairs. Duplicate of the operator's release.
14 Jan 2010drilling progress report▼ Bad
The Rockhopper 1 sidetrack is delayed: damage to the Kan Tan IV rig's cranes halted operations, with repairs expected to take about two weeks. The rig is on zero rate meanwhile. The discovery well's drilling and data collection were already complete.
14 Jan 2010drilling progress report▼ Bad
AWE (47.5%) relayed Origin's 14 January update: Rockhopper 1 sidetrack delayed about two weeks for crane repairs on the Kan Tan IV rig. Duplicate of the operator's release.
