Past year: ▼ 10%(10.76 – 12.38 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
6 Feb 2008drilling progress report● Neutral
Beach weekly report: Coonatie-11 (Origin 10.54%) reached 3,114m and was cased and suspended as a future gas producer. Tirrawarra-75 is drilling ahead at 2,005m; Mudera-12 remains stopped for accident investigation; Mudlalee-6 is drilling.
6 Feb 2008drilling result▲ GoodMajor
Emu Apple 3 reached 1,484m with good oil shows and was cased as a future producer. A test of the Hutton Sandstone recovered 6.1 barrels of oil, a new oil pool for the Emu Apple field. Origin holds 90% via subsidiaries, Santos 10%.
5 Feb 2008drilling progress report● Neutral
QGC weekly report: Bellevue #9 (Origin 29.375%) reached 562m with 27.9m coal and Codie #9 (40.625%) reached 846m with 16.6m coal; both suspended awaiting workover rigs. Lauren #48 and Jordan #1 are new wells spudded.
1 Feb 2008material agreement▲ GoodMajor
Origin commits $92m to add a 126MW GE gas turbine at the Mt Stuart peaking station in Townsville, a 45% rise on the existing 288MW. Planned completion by mid-2009. Adds to Darling Downs and Quarantine as part of Origin's new generation build.
31 Jan 2008drilling progress report● Neutral
NZOG reports KS-8 reached 3,429m in its 12-1/4 inch section, with casing to be run next, then KS-7 and KS-6. Origin operates with 50%; mid-2009 completion unchanged. Duplicates Origin's release.
31 Jan 2008drilling progress report● Neutral
Origin reports KS-8 reached 3,429m measured depth (2,973m vertical) in its 12-1/4 inch section, with 9-5/8 inch casing next. KS-7 and KS-6 follow. Five-month plan and mid-2009 completion unchanged.
31 Jan 2008quarterly activities report● Neutral
December quarter production fell 3% to 23.3 PJe on Cooper Basin decline, partly offset by 22% higher coal seam gas. Half-year production was 47.2 PJe (+6%), revenue $255.5m. Kupe on schedule for first-half 2009 gas; Beharra Springs restart now mid-February; Otway still shut in.
30 Jan 2008other● Neutral
Origin forwards Contact Energy's notice that it will release half-year results on 22 February 2008, with the interim dividend record date 7 March 2008. Administrative notice with no results.
30 Jan 2008drilling progress report▲ Good
Beach weekly report: Tirrawarra 73 (Origin 13.19%) was cased as a Permian oil and gas producer, and Mudera North-1 (13.19%) as a Coorikianna Sandstone gas producer. Coonatie-11 is logging; Mudera-12 and Mudlalee-6 are stopped, the former for an accident investigation.
30 Jan 2008drilling progress report● Neutral
QGC weekly report: Bellevue #10, #8 and Codie #8 and #10 are suspended awaiting workover rigs. Bellevue #10 found 34m of coal and Codie #10 found 34m. Bellevue #9, Codie #9 and Jen #1 continue. Origin holds 29.375% in Bellevue and 40.625% in Codie.
29 Jan 2008investor presentation● Neutral
Origin forwards Contact's presentation to Asian investors, restating plans: 225MW Te Mihi geothermal commissioning by 2011, Tauhara 245MW, 550MW Waikato wind from 2011, and a gas peaker near Stratford. Largely repeats known plans.
29 Jan 2008other● Neutral
Origin forwards Contact Energy's December 2007 quarter operating data. Electricity customers were 514,000, unchanged from September; gas customers were 74,000, down from 75,000. Only the customer table was provided in the text. Origin holds 51.36% of Contact.
24 Jan 2008drilling progress report● Neutral
NZOG reports KS-8 finished its 17-inch section at 2,184m with casing cemented. The 12-1/4 inch section of KS-8 is next, then KS-7 and KS-6. Origin operates with 50%; mid-2009 target unchanged. Duplicates Origin's release.
24 Jan 2008drilling progress report● Neutral
Origin reports KS-8 finished its 17-inch section at 2,184m with casing cemented, so all three wells now have their 17-inch sections done. 12-1/4 inch sections follow, KS-8 first. Mid-2009 target unchanged.
23 Jan 2008drilling progress report▲ Good
Beach weekly report: Tirrawarra 73 (Origin 13.19%) reached 2,996m with 11m of interpreted oil pay and 5m of gas pay. Mudera North-1 (13.19%) reached 1,856m and Coonatie-11 is drilling.
22 Jan 2008material agreement▲ GoodMajor
Origin takes an option over up to 590MW of Epuron wind projects, starting with building the 30MW Cullerin Range wind farm in NSW, with commissioning from 2009. It is Origin's first self-built wind farm and first NSW generation investment. No price is given.
22 Jan 2008drilling progress report● Neutral
QGC weekly report: Origin-linked coal seam gas appraisal wells continue. Codie #8 (Origin 40.625%) reached 836m with 21.7m of coal, and Myrtle #1 (QGC 100%) is suspended. Bellevue #10 (Origin 29.375%) and Jen #1 (31.25%) are in progress.
17 Jan 2008drilling progress report● Neutral
Partner NZOG reports KS-8 at 1,809m in its 17-inch section, now planned to 2,200m, with KS-6 and KS-7 at 2,000m. Origin operates with 50%; five-month plan unchanged. Duplicates Origin's release.
17 Jan 2008drilling progress report● Neutral
Origin reports Kupe South 7 has reached 2,000m and KS-8 is at 1,809m in the 17-inch section, now planned to 2,200m. KS-6 and KS-7 are at 2,000m. 12-1/4 inch sections follow. Mid-2009 target unchanged.
16 Jan 2008drilling progress report▲ Good
Beach weekly report: Merrimelia-61 (Origin 13.19%) was cased as a future oil producer with 4.5m of interpreted oil pay. Coonatie-11, Mudera North-1 and Tirrawarra 73 are drilling. The Callawonga pipeline is due to be commissioned by mid-March.
10 Jan 2008drilling progress report● Neutral
Origin reports Kupe South 7 at 1,852m in its 17-inch section, heading to 2,000m, with KS-8 next. KS-6 is at 2,000m. Drilling continues toward about 3,400m per well.
10 Jan 2008regulatory community update▲ Good
NZOG reports the Apache pipelaying vessel has arrived in Wellington to lay the Kupe gas pipeline to the onshore station near Hawera. It leaves 13 January and is due to finish by mid-February. A project milestone for Kupe (Origin 50% operator).
10 Jan 2008drilling progress report● Neutral
Partner NZOG reports Kupe South 7 at 1,852m in its 17-inch section, heading to 2,000m. KS-6 is already at 2,000m. Origin operates with 50%; the five-month drilling plan and mid-2009 completion are unchanged. Duplicates Origin's release.
9 Jan 2008drilling progress report▲ Good
Beach weekly report: Coonatie-10 (Origin 10.54%) was cased and suspended as a future gas producer, with 6m of interpreted Permian gas pay at 3,104m. Merrimelia-61 and Tirrawarra 73 are drilling. A small Cooper gas addition.
3 Jan 2008drilling progress report● Neutral
Origin reports the Kupe South 6 well has reached its planned 2,000m depth for the 17-inch section, with casing next. KS-7 and KS-8 follow. Drilling remains on the five-month plan.
3 Jan 2008drilling result▲ Good
Emu Apple 2 (ATP 470P, Origin 90% via subsidiaries, Santos 10%) found good oil shows in the Boxvale Sandstone and was cased as a future oil producer at 1,493m. Emu Apple 3 spudded 2 January. Follows the suspended Emu Apple 1 appraisal.
3 Jan 2008drilling progress report● Neutral
Partner NZOG reports Kupe South 6 reached 2,000m in its 17-inch section, with casing to follow, then the same section on KS-7 and KS-8. Origin operates with 50%; the mid-2009 completion target is unchanged. Duplicates Origin's release.
2 Jan 2008drilling progress report● Neutral
Beach weekly report: Charo-3 (Origin 13.19%) was cased as a future oil producer, and Tartulla-8 (10%) was cased as a future gas producer. Zogg-1 (13.19%) was plugged and abandoned. Coonatie-10 (10.54%) is being logged at 3,104m. Mixed Cooper results.
28 Dec 2007drilling progress report● Neutral
NZOG reports Kupe development drilling is progressing: top-hole sections of all three wells are done, and Kupe South 6 is at 975m in its 17-inch section. Origin operates with 50%. Same content as Origin's own release.
28 Dec 2007drilling progress report● Neutral
Origin reports Kupe South 6 has reached 975m, with the top sections of all three wells completed (560-568m). Drilling continues in batches toward about 3,400m. No change to the mid-2009 target.
