Past year: ▼ 10%(10.76 – 12.38 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
21 Feb 2013resource reserve update▼ BadMajor
APLNG's schedule and cost review lifts project cost 7% to $24.7bn from $23bn at the July 2012 FID. Train 2 start-up is pulled forward to Q4 2015, at least three months early. Origin's peak funding need rises to $4.4bn from $3.6bn.
6 Feb 2013drilling progress report● Neutral
Beach Energy's January drilling report covers Cooper Basin unconventional gas wells such as Moonta-1 (1.2 MMscf/d) and some dry or non-commercial exploration wells. Origin is not named; its only link is its 13.19% interest in the Santos-operated Cooper JV (e.g. Baryulah, Munkarie wells).
3 Jan 2013drilling progress report● Neutral
Beach Energy's December drilling report covers Cooper Basin unconventional gas stimulation and oil wells, including Moonta-1 flowing 2.1 MMscfd. Origin is not named; its only link is its 13.19% interest in the Santos-operated Cooper JV, e.g. Baryulah-15 (Beach 23.2%).
10 Dec 2012drilling result▲ Good
Geodynamics completed a 14-day major stimulation of Habanero 4, detecting over 24,000 micro-seismic events up to 1,500 m from the well. A third flow test is estimated for February 2013. Origin holds 30% of the JV but is not funding this program.
5 Dec 2012drilling progress report● Neutral
Beach Energy's November drilling report covers Cooper Basin oil discoveries such as Pennington and unconventional gas stimulation. Origin is not named; its only link is its 13.19% interest in the Santos-operated Cooper JV, where wells like Cooba-4 were cased for production.
21 Nov 2012farm in farm out agreement▼ BadMajor
Empire Oil & Gas says Origin gave notice terminating its farm-in agreements over North Perth Basin permits EP368 and EP426, citing the regulator's failure to approve work-timing variations. Empire disputes it and will seek legal advice. This is Empire's account only; Origin has not commented.
7 Nov 2012drilling progress report● Neutral
Beach Energy's October drilling report covers Cooper Basin oil discoveries and unconventional gas wells, plus Egypt. Origin is not named; its only listed link is its 13.19% interest in the Santos-operated Cooper JV, where Beach reports wells such as Waukatanna-5 (Beach 20.21%) cased for production.
11 Oct 2012drilling result▲ Good
Pancontinental gives a fuller update on Mbawa 1: 51.8 net metres of gas pay, ~24% porosity, gas interpreted as thermogenic. Size and commerciality are not yet known, and analysis continues into 2013. Origin holds 20%. Expands on the 12 September result.
3 Oct 2012drilling progress report● Neutral
Beach Energy's September drilling report covers its Cooper Basin and Egypt wells. Origin is not named in the visible text; Origin holds 13.19% in the Santos-operated SACB JV with Beach. No Origin-specific result is shown.
12 Sept 2012drilling result▲ GoodMajor
Origin confirms Mbawa 1 reached total depth of 3,150m with about 51.8 net metres of gas pay in three zones. Origin is encouraged, with detailed analysis over coming months to guide next steps. Origin holds 20%. Confirms the Pancontinental discovery report.
12 Sept 2012drilling result● Neutral
Pancontinental says Mbawa-1 reached final depth of 3,151m. The primary target holds about 52m of net gas pay, but the deeper secondary target had no hydrocarbons at this location. The well will be plugged after logging, and partners will plan next exploration.
10 Sept 2012drilling result▲ GoodMajor
Pancontinental reports Mbawa 1 found about 52 net metres of natural gas pay, the first substantive hydrocarbon discovery offshore Kenya. Drilling continues toward 3,275m. Resolves the 3 September mud gas readings. Origin holds 20% of the L8 block.
10 Sept 2012drilling result● Neutral
Geodynamics says the Habanero 4 completion has been run and the rig released on 8 September. Testing and stimulation follow, with milestone updates to resume. Origin holds 30%; this ends the drilling phase flagged on 23 August.
5 Sept 2012drilling progress report● Neutral
Beach Energy's August drilling report covers Cooper Basin wells, including a Bauer oil field extension. It has no new Origin-specific result; Origin's only link is a 20.21% stake in Santos-operated Cooper wells (Big Lake-93, Kanowana-8), which were cased for production.
3 Sept 2012drilling progress report● Neutral
Pancontinental says Mbawa 1 reached 2,553m with elevated mud gas readings seen in the section drilled. Logs are being run, and the significance is not yet known. Planned total depth is 3,275m. Origin holds 20% of the block.
27 Aug 2012drilling progress report● Neutral
Pancontinental reports Mbawa 1 offshore Kenya has reached 2,006m and a second casing string is being set. The main targets lie deeper, with planned total depth 3,275m. Operations are on plan, with about 60 days in total. Origin holds 20%.
23 Aug 2012drilling result▲ Good
Geodynamics says Habanero 4 reached its target depth of 4,204m, deeper than the 4,071m reported on 17 August. Drilling indications suggest the target fracture zone was intersected as expected. Logging, cement checks and completion come next. Origin holds 30%.
17 Aug 2012drilling progress report▲ Good
Geodynamics says the extra cementing at Habanero 4 succeeded and pressure testing shows enough integrity to continue. The well is drilling the final section at 4,071m. This follows the 10 August delay report; Origin holds 30%.
13 Aug 2012drilling spud● NeutralMajor
Mbawa 1 exploration well offshore Kenya spudded on 10 August 2012, operated by Apache. It targets 3,250m in 864m of water, taking about 60 days. Origin holds 20% of block L-8 and will report again when results are in.
1 Aug 2012drilling progress report● Neutral
Amended version of Beach's July drilling report. The only change visible is that Halifax-1 is now expected to spud on 2 August rather than having spudded 1 August. Not Origin's own news.
1 Aug 2012drilling progress report● Neutral
Beach Energy's July drilling report. Origin is a 13.19% partner in the Santos-operated South Australian Cooper Basin JV, which drilled Big Lake-92 and Kanowana-8 wells. Other results (Mustang-1, Bauer-5) are Beach's, not Origin's, from the text.
31 July 2012resource reserve update● Neutral
Media release on the annual reserves and June quarter: 2P reserves 6,807 PJe, up 9% before APLNG dilution. FY12 production 130 PJe (down 4%), revenue up 3% to $856m. Repeats the reserves report and quarterly figures already lodged on 31 July.
31 July 2012resource reserve update● NeutralMajor
Origin's 2P reserves at 30 June 2012 were 6,807 PJe, down 234 PJe because of the APLNG dilution from 50% to 42.5%; excluding that, up 648 PJe (9%). Sinopec's completed purchase cuts APLNG-related reserves a further 656 PJe to 4,917 PJe.
18 July 2012drilling progress report● Neutral
Geodynamics says 9⅞-inch casing is run and cemented at 4,025m using reverse cementing, a recommendation from the Habanero 3 failure. Cement logging comes next, then the final granite section. Origin holds 30%.
12 July 2012farm in farm out completion● NeutralMajor
Sinopec's purchase of an extra 10% of APLNG has completed, taking it to 25%. Origin and ConocoPhillips are each diluted from 42.5% to 37.5%. Sinopec injects about US$2.1 billion, and its LNG purchases rise by 3.3 mtpa to 7.6 mtpa from 2015.
10 July 2012resource reserve update▲ GoodMajor
NZOG reports the Kupe partners agreed the revised reserves Origin flagged on 27 June. Initial 2P reserves rise 13.4% to 489 PJe; sales gas up 18.3%, LPG up 22.8%, light oil down 1.8%. Origin holds 50% and operates.
10 July 2012resource reserve update▲ GoodMajor
Origin confirms Kupe initial 2P reserves rose to 83.8 million BOE (489 PJe), with 70.0 million BOE (408 PJe) remaining at 1 July 2012. Sales gas is up 18.3% and LPG up 22.8%. Origin holds 50% and operates; this is the second Kupe upgrade.
4 July 2012drilling progress report● Neutral
Geodynamics reports the 12¼-inch section of Habanero 4 is complete at 4,026m, now logging before casing and drilling the final granite section. Origin holds 30%. The well was originally planned to about 4,170m.
4 July 2012drilling progress report● Neutral
Beach's June report on Cooper Basin and Egypt wells. Origin is not mentioned, so there is no direct bearing on Origin. Routine monthly drilling report from another company, forwarded or filed under Origin's name.
27 June 2012resource reserve update▲ Good
NZOG says Origin, as Kupe operator, has given preliminary results of a reserves review suggesting Kupe's remaining reserves may need to be increased further. A figure is not given; partners aim to agree a position by mid July. Origin holds 50%.
