Past year: ▼ 10%(10.76 – 12.38 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
2 July 2014drilling progress report● Neutral
Beach's June drilling report shows more Cooper Basin gas wells cased and suspended or drilling, including Big Lake-116, -117 and Vega-5, in joint ventures where Origin holds 13.19% (SA) and 16.5% (Qld). Routine development drilling.
30 June 2014farm in farm out completion▲ GoodMajor
Origin and Senex completed the two Cooper Basin tight gas farm-ins announced 24 February 2014, after conditions were met. Origin funds $65m for 40% of Area A and $36m-$40m for up to 45% of Area B Deeps, in programs worth up to $252m in total. Resolves the pending completion.
30 June 2014farm in farm out agreement▲ Good
Planet Gas agreed to be free carried for its share of the $80m Area B Deeps (PEL 638) work program, cutting its interest to 10%. Origin's Stage 1 interest rises to 33.75% (from 30%), and to 45% after Stage 2. Work program unchanged.
4 June 2014drilling progress report● Neutral
Beach's May report lists further Cooper Basin gas wells cased and suspended, including Big Lake-105, -109, -110 and -115 and Vega-4 in the Queensland JV (Origin 16.5%). Cocinero-1 (Origin 25%) was cased and suspended as an oil well. Routine development drilling.
7 May 2014drilling progress report● Neutral
Beach's April drilling report shows further Cooper Basin gas wells cased and suspended in the South Australian JV (Origin 13.19%), including Big Lake and Gooranie, and Baryulah-17 in the Queensland JV (Origin 16.5%). Routine development drilling; other results lie outside Origin's interests.
2 May 2014farm in farm out agreement▲ GoodMajor
Origin and Sasol signed a conditional farm-in with Falcon for three Beetaloo Basin permits in the Northern Territory (over 18,500 km2). Origin and Sasol each take 35%. Origin pays about $11m, becomes operator and contributes $32m over three years. This is a new shale gas exploration position.
2 Apr 2014drilling progress report● Neutral
Beach's March drilling report covers the Cooper Basin, including Big Lake gas wells cased and suspended in the South Australian JV (Origin 13.19%) and Baryulah-18 in the Queensland JV (Origin 16.5%). The oil discovery at Stunsail-1 is outside Origin's interests.
13 Mar 2014drilling result▼ BadMajor
Caravel-1 in New Zealand's Canterbury Basin reached 2,692m and is being plugged and abandoned after encountering only gas shows. Origin holds 45%. Analysis will guide future activity; this resolves the well Origin began on 10 February.
13 Mar 2014resource reserve update● Neutral
Partner NZ Oil & Gas said an independent assessment, published for the Genesis IPO, estimated extra contingent and prospective resources at Kupe. Origin operates Kupe with 50%. The work is conceptual, expected to take about 12 months, and no volumes are given.
5 Mar 2014drilling progress report● Neutral
Beach's February drilling report covers Cooper Basin work in which Origin holds 13.19% (South Australia) and 16.5% (Queensland). Barrolka-11 to 13 were all cased as gas wells, and Moomba-193 ST1 reached 3,996m with a roughly 1,000m lateral. Routine partner update.
24 Feb 2014farm in farm out agreement● Neutral
Planet Gas, which holds 20% of PEL 514, announced the Origin-Senex farm-out of the deep Permian section. Origin earns 30% from Stage 1 and a further 10% from Stage 2; Planet Gas keeps its 20%. Partner's version of the same deal.
24 Feb 2014farm in farm out agreement▲ GoodMajor
Origin signed two farm-ins with Senex for unconventional gas blocks in South Australia's Cooper Basin. It invests $97m in Stage 1 for 40% of Area A and 30% of Area B, with an option to add 10% each for $72m. Completion by about 30 June 2014.
24 Feb 2014farm in farm out agreement● Neutral
Senex announced the Cooper Basin farm-out to Origin, a work program of up to $252m covering Area A and Area B in South Australia, with at least 15 wells. Senex is free-carried for the first $185m. Completion is expected by 30 June 2014.
12 Feb 2014drilling spud● NeutralMajor
Drilling began on 10 February 2014 on the Caravel-1 exploration well offshore Canterbury Basin, New Zealand. Origin holds 45% alongside operator Anadarko (45%) and Discover (10%). Expected to take about 40 days to reach 2,800m in 1,105m of water.
5 Feb 2014drilling progress report● Neutral
Beach's January drilling report, a partner document. In the SACB JV (Origin 13.19%), Moomba-202 and Big Lake wells were cased as gas producers; Moomba-193 needed a side-track. Barrolka-12 (Origin 16.5% Qld JV) cased as a gas producer. Routine update.
8 Jan 2014drilling progress report▲ Good
Beach's December drilling report, a partner document. Marama West-1 (Origin 10%) was a gas discovery, completing a three-well Queensland program where all three wells found gas. Several SACB JV (Origin 13.19%) wells were cased as gas producers.
4 Dec 2013drilling progress report● Neutral
Beach Energy's November drilling report, a partner document, shows Cooper Basin activity where Origin has interests. Kaiden-1 was a gas discovery in the Queensland gas JV (Origin 16.5%), and several SACB JV (Origin 13.19%) wells were cased as gas producers. Routine drilling update.
2 Oct 2013drilling progress report● Neutral
Beach Energy's September drilling report covers its own wells plus Santos-operated Cooper Basin wells where Origin holds 13.19% or 16.5%, including Cowralli gas wells cased for fracture stimulation and Langmuir-1 suspended. Nothing Origin-specific.
4 Sept 2013drilling progress report● Neutral
Beach Energy's August drilling report covers its own wells plus Santos-operated Cooper Basin wells where Origin holds 13.19%, 16.5% or 25%, such as Cowralli gas wells and Cook-27 (suspended as a future oil producer). Nothing Origin-specific; the Egypt discovery is Beach's.
7 Aug 2013drilling progress report● Neutral
Beach Energy's July drilling report covers its own wells plus Santos-operated Cooper Basin wells where Origin holds 13.19%, 16.5% or 25%, such as Cowralli-17/-27, Cook-24 (suspended as oil producer) and Cook-25 (abandoned). Nothing Origin-specific.
31 July 2013resource reserve update● NeutralMajor
Origin's 2P reserves ended June 2013 at 6,201 PJe, down 607 PJe mainly because its APLNG share was diluted from 42.5% to 37.5%; excluding that, up 49 PJe. APLNG is about 45% complete. FY13 production was 123 PJe (-5%); June quarter 32 PJe (+9%).
23 July 2013drilling result▼ BadMajor
Origin's Ca Voi-1X well in Vietnam's Block 121 reached its planned 3,750 m depth and was plugged and abandoned, finding only wet gas shows in a secondary objective. This is a disappointing exploration result for Origin's 45% interest.
22 July 2013farm in farm out agreement▲ GoodMajor
Origin agreed to take 50% and operatorship of offshore permit WA-454-P from MEO Australia, paying A$5.6m of back costs and funding 80% of the Breakwater-1 exploration well, capped at A$35m. Subject to regulatory approvals and a joint operating agreement.
3 July 2013drilling progress report● Neutral
Beach Energy's June drilling report covers its own wells plus Santos-operated Cooper Basin wells where Origin holds 13.19%, 16.5% or 25%, such as Cowralli, Karmona-6 and Cook-26, mostly cased and suspended for future production. Nothing Origin-specific.
17 June 2013drilling progress report● Neutral
Partner Pan Pacific Petroleum repeats the Ca Voi-1X spud in 270 m of water, testing the Whale prospect (Oligocene reservoirs) to about 3,771 m; the well was at 342 m on 16 June. Origin holds 45% as operator. No new result.
17 June 2013drilling spud● NeutralMajor
Origin, operator with 45%, spudded the Ca Voi-1X exploration well in Block 121 off central Vietnam on 15 June 2013, targeting 3,771 m. Partners are Premier Oil 40% and Pan Pacific 15%. Origin will update only on completion.
5 June 2013drilling progress report● Neutral
Beach Energy's May drilling report covers its own Cooper Basin oil and deep gas wells. Origin appears only through non-operated Santos-led wells, such as Cowralli development wells (13.19%) and Juno-6 (16.5%). Several cased and suspended as future producers; nothing Origin-specific.
8 May 2013drilling progress report● Neutral
Beach Energy's April drilling report covers its own Cooper Basin oil wells, such as the Kalladeina-2 discovery, plus Santos-operated wells where Origin holds 13.19%, such as Van der Waals-1. Origin is not the operator and no Origin-specific result is reported.
3 Apr 2013drilling progress report● Neutral
Beach Energy's March drilling report covers its own wells, such as Halifax-1 and Holdfast-2, plus Santos-operated Cooper wells including Achilles-1 (dry). Origin is not named; its link is its 13.19% interest in the Santos-operated Cooper JV.
6 Mar 2013drilling progress report● Neutral
Beach Energy's February drilling report covers its own Cooper and Otway wells, such as Halifax-1 (up to 4.2 MMscf/d). Origin is not named; its only link is its 13.19% interest in the Santos-operated Cooper JV.
