Past year: ▼ 10%(10.76 – 12.38 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
30 May 2008drilling result▼ BadMajor
Freshwater Point 1 was a dry hole: total depth 1,817m, with no hydrocarbons interpreted in the primary or secondary targets. It was plugged and abandoned on 29 May. This resolves the Perth Basin well Origin operates with 49.189%.
30 May 2008regulatory community update▲ Good
Queensland regulator approved a 5.38% rise in residential and small business electricity tariffs from 1 July 2008. Origin will also lift Queensland retail gas prices by an average 12% from 1 July. Origin says the electricity rise does not yet fully reflect retailers' cost increases.
29 May 2008joint venture update● Neutral
Geodynamics says Jolokia 1 is at 3,425m, with about 635m left in the current section and a 4,250m target. The closed loop flow test is delayed to about three weeks away by late equipment; Origin holds 30% of the JV.
28 May 2008drilling progress report● Neutral
Beach Petroleum's weekly report lists Santos-operated Cooper wells in which Origin holds 13.19% (Mitchie-2, Cowralli-9) and Glenaire-1 ST1 in the Otway Basin (Origin 20%), which was plugged and abandoned with sub-commercial oil.
28 May 2008regulatory community update▲ Good
Contact Energy, 51.36% owned by Origin, will recommission one 100MW unit at its New Plymouth station, closed since December 2007 over asbestos, to help with low hydro storage. It expects to return to service in early June.
28 May 2008well test result▲ Good
Kupe KS-7 ST1 flowed 41.8 million cubic feet a day of gas and 6,393 barrels a day of condensate. This completes testing of all three wells, which stay shut in as the rig heads to Momoho.
27 May 2008drilling progress report● Neutral
QGC weekly report: Glendower #1 coring at 618m, Jen #4 at 665m awaiting a workover rig, and Codie #7 drilling at 470m. Origin CSG holds 31.25% of ATP 648P and 40.625% of ATP 620P. Routine CSG progress.
27 May 2008well test result▲ Good
Kupe KS-6 flowed 41 million cubic feet a day of gas and 6,000 barrels a day of condensate over 92m. KS-7 ST1 testing began the morning of 27 May.
27 May 2008drilling result▼ Bad
Victoria Petroleum relays Origin's report that Freshwater Point 1 reached 1,817m with no hydrocarbon shows in the primary or secondary targets. Duplicate of Origin's release; Victoria holds 5%.
26 May 2008drilling result▼ Bad
Origin's Freshwater Point 1 reached 1,817m in basement, past the 1,761m plan. The High Cliff Sandstone target was intersected at about 1,647m with no hydrocarbon shows. Logging is next; the result looks like a dry hole.
26 May 2008well test result▲ Good
Kupe KS-8 flowed 33 million cubic feet a day of gas and 3,840 barrels a day of condensate over 62m. This is the first of three development well tests; KS-6 testing starts next.
26 May 2008drilling result▼ Bad
Norwest relays Origin's report that Freshwater Point 1 reached 1,817m with no hydrocarbon shows in the High Cliff primary or secondary targets. Duplicate of Origin's release, which Norwest holds 1.278% of.
23 May 2008drilling progress report● Neutral
NZOG reports flow testing began 23 May on the three Kupe development wells (KS-8, then KS-6 and KS-7). Results will be announced per well, then wells are shut in and the rig moves to Momoho. Mid-2009 completion unchanged.
22 May 2008drilling progress report● Neutral
Norwest relays Origin's update that Freshwater Point 1 was at 1,158m in the Kockatea Shale on 22 May, with total depth expected in 2-3 days. Duplicate with no result.
22 May 2008drilling progress report● Neutral
Victoria Petroleum relays Origin's update that Freshwater Point 1 was at 1,158m in the Kockatea Shale, with total depth expected in 2-3 days. Duplicate of Origin's release; no result yet.
22 May 2008drilling progress report● Neutral
Origin reports Kupe KS-8 tubing and monitoring gear are installed, with the tree next. Batch testing of about one week follows, then the rig moves to Momoho. Duplicates NZOG's notice.
22 May 2008drilling progress report● Neutral
QGC weekly report: Jen #3 (643m, 32.9m coal) and Ross #1 are suspended awaiting workover rigs. Jen #4 reached 665m, and Glendower #1 spudded. Origin CSG holds 31.25% of ATP 648P. Routine CSG progress.
22 May 2008drilling progress report● Neutral
NZOG reports Kupe KS-8 tubing and monitoring gear are installed, with the tree next. Batch testing of the three wells will take about a week, then the rig moves to drill Momoho. Mid-2009 completion is unchanged.
22 May 2008drilling progress report● Neutral
Origin reports Freshwater Point 1 drilling resumed on 21 May and was at 1,158m in the Kockatea Shale, above the High Cliff target. Total depth of 1,761m is expected in 2-3 days. No result yet.
22 May 2008drilling progress report● Neutral
ARC forwards Origin's update that Freshwater Point 1 was at 1,158m in the Kockatea Shale on 22 May, with total depth expected in 2-3 days. Duplicate of Origin's release; no result yet.
20 May 2008investor presentation● Neutral
COO Karen Moses presents on sustainability at the Citi conference. Origin says it is not a response to BG's proposal, and the board has recommended shareholders take no action. The visible text covers climate and gas-versus-coal themes; the rest was truncated.
15 May 2008drilling progress report● Neutral
NZOG reports Kupe KS-7 ST1 completion finished on 14 May and the rig moved to KS-8, which is being prepared for tubing. Batch testing of the three wells follows. Mid-2009 completion is unchanged.
15 May 2008drilling progress report● Neutral
ARC forwards Origin's update that Freshwater Point 1 has surface casing set at 412m and is preparing to drill ahead. Duplicate with no result.
15 May 2008drilling progress report● Neutral
Norwest relays Origin's update that Freshwater Point 1 has surface casing set at 412m and is about to drill ahead. Duplicate with no result.
15 May 2008drilling progress report● Neutral
Origin reports Freshwater Point 1 has 9-5/8 inch casing set at 412m and is about to drill ahead. No result yet.
15 May 2008drilling progress report● Neutral
Origin reports Kupe KS-7 ST1 completion finished on 14 May and the rig moved to KS-8, with batch testing of the three wells to follow. Duplicates NZOG's notice.
15 May 2008drilling progress report● Neutral
Victoria Petroleum relays Origin's update: Freshwater Point 1 has surface casing set at 412m and is preparing to drill ahead. No result yet.
14 May 2008drilling progress report▲ Good
Beach weekly report: Cook-14 (Origin 25% per earlier context; Beach lists Origin's share in Bindah-2 at 13.19%) is to be cased as a Hutton oil producer. Bindah-2 (Origin 13.19%) reached 3,044m and is to be cased as a future gas and oil producer.
13 May 2008drilling progress report● Neutral
QGC weekly report: Kenya East #4 in ATP 648P (Origin CSG 31.25%) reached 845m with 31.6m of coal and is suspended awaiting a workover rig. Further wells are in progress. Routine CSG appraisal progress.
13 May 2008drilling spud● Neutral
Norwest Energy (1.278%) repeats Origin's release that Freshwater Point 1 spudded on 11 May. Duplicate with no new information.
