Past year: ▼ 10%(10.76 – 12.38 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
13 Jan 2010drilling progress report● Neutral
Beach's weekly report: Santos-operated Cooper Basin development wells drilling ahead, none with Origin's interest of note except Narcoonowie-10 (Origin 13.19%) spudded at 113m... Egyptian wells progressed. Minor update.
7 Jan 2010drilling progress report● Neutral
AWE (47.5%) relayed Origin's 7 January update that Rockhopper 1 logging is complete and a sidetrack 1.3km down-dip is being prepared. Duplicate of the operator's release.
7 Jan 2010drilling progress report● Neutral
Innamincka (5%) forwarded Origin's 7 January update confirming the Rockhopper 1 sidetrack will go ahead to appraise the discovery. Duplicate of the operator's release.
7 Jan 2010drilling progress report● Neutral
Origin as operator reported wireline logging at Rockhopper 1 is finished and the well plugged. A sidetrack will now go about 1.3km south and down-dip to help size the discovery, taking about two weeks to reach the reservoir and two more to finish. Confirms the sidetrack contemplated on 4 January.
6 Jan 2010drilling progress report● Neutral
Beach's weekly report: Santos-operated Mettika-6 (Origin 13.19%) at 2,579m is being cased and suspended as a future gas producer. Other Cooper Basin oil wells are cased and suspended, and an Egyptian well is rigging up. Minor update.
5 Jan 2010contract award▲ GoodMajor
Australia Pacific LNG (50:50 Origin/ConocoPhillips) signed pipeline and upstream facilities contracts with two contractor joint ventures, following the Savanna rig deal. Both are scalable to the full 450km pipeline. Final investment decision is still expected at end-2010. No contract values stated.
4 Jan 2010drilling result▲ GoodMajor
Rockhopper 1 was confirmed as a new oil and gas discovery in the Bass Basin: wireline data show multiple hydrocarbon columns, with oil recovered from some sands and liquids-rich gas from others. Reservoir quality appears variable, and a downflank sidetrack is being considered. Commercial significance is not yet known.
4 Jan 2010drilling result● Neutral
AWE (47.5%) relayed Origin's 4 January release confirming Rockhopper-1 as an oil and gas discovery in the Bass Basin, with oil and liquids-rich gas recovered, variable reservoir quality, and a possible downflank sidetrack. Commercial significance not yet known. Duplicate of the operator's release.
4 Jan 2010drilling result▲ Good
Innamincka (5%) forwarded Origin's announcement confirming the Rockhopper 1 oil and gas discovery, with a possible downflank sidetrack. It says it is too early to judge commercial significance. Duplicate of the operator's release.
29 Dec 2009drilling result▲ Good
AWE (47.5%) reported Rockhopper-1 at 3,522m with hydrocarbon shows in several zones of the main reservoir, confirmed by logs. Significance and next steps await wireline logging and testing. Partner's version of Origin's announcement.
29 Dec 2009drilling result▲ GoodMajor
Rockhopper 1 reached 3,522m, drilling through its target with several sand intervals between 2,827m and 3,421m showing good gas shows and elevated resistivity, indicating hydrocarbons. Type and commercial significance await wireline logs and samples. Encouraging early sign after the Trefoil 2 appraisal.
29 Dec 2009drilling result▲ Good
Innamincka (5%) forwarded Origin's Rockhopper 1 result, calling it encouraging, and linked it to the successful Trefoil 2 appraisal. It will report further after log interpretation and remapping. Duplicate of the operator's release.
24 Dec 2009drilling progress report● Neutral
Rockhopper 1 (Origin 39.0%, operator) was at 2,753m on 24 December after drilling 788m of 8.5in hole in the week, against planned 3,487m. No results yet.
24 Dec 2009drilling progress report● Neutral
Innamincka (5%) forwarded Origin's 24 December Rockhopper 1 update: 2,753m, performing a wiper trip before drilling ahead. Duplicate of the operator's release.
24 Dec 2009contract award▲ GoodMajor
Australia Pacific LNG (50:50 Origin/ConocoPhillips) awarded a $220m contract to Savanna for two drilling rigs and two workover rigs, five years from September 2010. Final investment decision is still expected at end-2010, with the environmental statement due in the March quarter 2010.
24 Dec 2009drilling progress report● Neutral
AWE (47.5%) relayed Rockhopper-1 at 2,753m on 24 December, up 788m on the week, noting the rig then goes to AWE's New Zealand campaign. Duplicate of the operator's release.
23 Dec 2009production update▼ Bad
Contact Energy (Origin 51.66% of quoted shares) extended the Otahuhu gas power station outage to end-February 2010 after cracks were found in welds in a steam generator. Repairs are being done ahead of winter 2010, and Taranaki maintenance is rescheduled.
23 Dec 2009drilling progress report● Neutral
Beach's weekly report: Santos-operated Cooper Basin wells where Origin holds 13.19% were cased and suspended, including one as a future gas producer at 2,581m TD. Oil wells Narcoonowie-8 and Tickalara-21 are cased and suspended as oil producers. Minor update.
18 Dec 2009material agreement● NeutralMajor
Origin, as BassGas operator, approved the $345m Yolla Mid-Life Enhancement: two new wells (Yolla-5, -6), crew accommodation and compression, with Origin's share $147m. Wells and accommodation due June quarter 2011, compression mid 2012. BassGas is offline for maintenance until late February 2010.
18 Dec 2009material agreement● Neutral
AWE announced the same $345m Yolla Mid-Life Enhancement decision, plus a BassGas maintenance campaign costing about $56m gross. AWE's 50% share assumes it buys a further 7.5% from CalEnergy, with Innamincka also buying part of CalEnergy's 15%.
17 Dec 2009drilling progress report● Neutral
Rockhopper 1 (Origin 39.0%, operator) drilled 722m of 12.25in hole in the week and set 9 5/8in casing at 1,965m. It was preparing to pressure test equipment before drilling the 8.5in section. No results yet.
17 Dec 2009drilling progress report● Neutral
Innamincka (5%) forwarded Origin's 17 December Rockhopper 1 update: casing set at 1,965m, preparing to drill the next hole section. Duplicate of the operator's release.
16 Dec 2009drilling progress report● Neutral
Beach's weekly report listed Cooper Basin wells in Santos-operated joint ventures where Origin holds 13.19%, including Burke-11 and Narcoonowie-8; Tickalara-21 is not an Origin well. It reported no new result for Origin.
16 Dec 2009other● Neutral
Contact Energy (Origin 51.66% of quoted shares) reported November average national wholesale price of $69.47/MWh, up from $44.48 a year earlier. Electricity customers held at 478,500. Routine monthly data, no new Origin-specific news.
15 Dec 2009material agreement▲ GoodMajor
Origin completed its gas transport agreement with Epic: up to 1,200 PJ over 22 years from January 2012, with extension options of up to 10 more years on some capacity. Origin did not exercise its option to help fund the expansion. Follows the conditional June 2009 deal.
15 Dec 2009material agreement▲ GoodMajor
Hastings (HDF) said financing for Epic Energy's South West Queensland Pipeline expansion is signed, with a total cost of $858m. Epic says Origin's gas transport contract is now firm and binding. Completion is targeted by 1 January 2012. Resolves the earlier conditional agreement.
11 Dec 2009production update▲ Good
Origin officially opened the $110m Mt Stuart power station expansion in Townsville, adding a 126MW gas turbine for a total of 414MW. It runs on kerosene initially but can use natural gas. Part of the plan to reach 2,800MW capacity by end-2010.
10 Dec 2009drilling progress report● Neutral
Rockhopper 1 (Origin 39.0%, operator) was drilling at 1,243m on 10 December, up 789m on the week, against a planned 3,487m. No results yet. Follows the 30 November spud.
10 Dec 2009drilling progress report● Neutral
Innamincka (5%) forwarded Origin's weekly Rockhopper 1 update: drilling at 1,243m on 10 December, up 789m on the week. Duplicate of the operator's release.
10 Dec 2009drilling progress report● Neutral
AWE (47.5%) relayed that Rockhopper-1 was at 1,243m on 10 December, up 789m on the week. No results yet. Duplicate of the operator's release.
