Past year: ▲ 35%(6.17 – 8.62 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
23 Dec 2009drilling progress report▲ Good
Beach's weekly report: Cooper Basin oil wells Narcoonowie-8 and Tickalara-21 were cased and suspended as oil producers, with Narcoonowie-8 flowing 50.4 barrels of oil in a 4-hour test. Santos-operated development wells; modest, routine results.
22 Dec 2009farm in farm out completion● Neutral
Apollo Gas says Santos finished Phase 1 of its PEL 456 farm-in and earned 15% of the CSG rights, after drilling three coreholes totalling 3,326 m. Brawboy-1 was encouraging, while Rouchel Rouchel-2 and Oakdale-1 had high CO2. Santos has until 22 January 2010 to elect Phase 2 for a further 35%.
16 Dec 2009drilling progress report● Neutral
Beach's weekly report: the Paralana-2 geothermal well was cased to 3,725 m and the rig released, with evaluation to continue in 2010. Santos-operated Cooper wells are drilling. No Santos results of note.
16 Dec 2009drilling progress report● Neutral
ESG's bimonthly report on Narrabri PEL 238 (Santos 35%): Dewhurst 17H reached 2,048 m and connected to Dewhurst 14, and 16H is drilling at 1,277 m. Rosevale 1A and Gwydir 1 continue. Routine pilot progress.
8 Dec 2009farm in farm out completion▲ GoodMajor
PNG LNG co-venturers took final investment decision on 8 Dec, subject to buyer agreements and financing. Santos's share falls to 13.5% after PNG government nominees join; its share of cost is US$2bn. 218 mmboe moves to 2P reserves (+22%); about 9 mmboe a year at plateau. Resolves the pending FID.
2 Dec 2009drilling progress report● Neutral
Beach's weekly report: Santos-operated Dullingari-36DW1 reached 2,607 m and is being cased as a future Patchawarra gas producer. Beach says the Teen well in Egypt will spud 4 December with no further results released. Routine for Santos.
1 Dec 2009drilling progress report● Neutral
ESG's update on Narrabri PEL 238 (Santos 35%): Dewhurst 18H reached 2,035 m and connected to the Dewhurst 15 vertical well. Dewhurst 17H is drilling, and Rosevale 1 was redrilled as 1A after a casing obstruction. Routine pilot progress.
25 Nov 2009drilling progress report● Neutral
Beach's weekly report: Egypt NS377-3 production testing is finished, with flow constrained to about 1,400 bbl/d. Full production is expected in Q2 2010 (this pushes back the earlier 'early 2010' timing). The rig moves to the Teen exploration well. Santos-operated Dullingari-36DW1 is drilling.
23 Nov 2009drilling result▲ Good
Drillsearch reports Santos-operated Ipundu North-13 (Tintaburra, Santos 89%) found about 7 m of oil pay in the Birkhead Formation plus up to 1.5 m in the Murta. It will be cased as a future producer. Preliminary interpretation; testing to follow.
18 Nov 2009drilling progress report● Neutral
Beach's weekly report: no Santos results of note. Santos-operated Dullingari-40DW1 (2,623 m) is cased and suspended as a future gas producer. Beach-operated Chiton-1 flowed 2,434 bbl/d of oil in a short test. NS 394-3 was plugged and abandoned.
16 Nov 2009drilling progress report▲ Good
ESG's update on Narrabri PEL 238 (Santos 35%): Dewhurst 14 and 13 have 11.4 m and about 11 m of Bohena coal and await laterals; Dewhurst 11 hit 22.6 m of Bohena coal. Lateral drilling at Dewhurst 18H began. Routine.
12 Nov 2009drilling result▲ Good
Drillsearch reports Santos-operated Ipundu-16 in the Tintaburra Block (Santos 89%) was drilled successfully and will be cased as a future oil producer. Ipundu North-13 is next. Resolves the well that started on 8 November.
11 Nov 2009drilling progress report● Neutral
Beach's weekly report: Egypt exploration well NS 394-3 reached 3,659 m and is being plugged and abandoned, with no significant hydrocarbons. NS 377-3 is being perforated. Paralana-2 reached 4,012 m. Santos-operated Dullingari-40DW1 is drilling. Routine for Santos.
9 Nov 2009drilling spud▲ Good
Drillsearch reports Santos spudded the Ipundu-16 development well in the Tintaburra Block (Santos 89%, Drillsearch 11%), targeting up to 350,000 bbl of bypassed oil (P10). Development drilling there resumes. Small, routine well.
4 Nov 2009drilling progress report● Neutral
Beach's weekly report: Egypt well NS 377-3 (Beach 20%) hit a 140 m gross oil column and is being cased as a producer, with production due early 2010. Santos-operated Kercummurra-2 (1,535 m) is cased and suspended as a potential oil producer.
2 Nov 2009drilling progress report● Neutral
ESG's update on Narrabri PEL 238 (Santos 35%): Dewhurst 15 reached 1,205 m with about 9 m of Bohena coal, and Dewhurst 14 is being cased. Dewhurst 11 and Coogal 2 report coal intersections. Continues the Dewhurst lateral pilot. Routine.
28 Oct 2009drilling progress report● Neutral
Beach's weekly report: Santos-operated Daralingie-27 reached TD of 2,294 m and will be cased as a future Patchawarra gas producer. Kercummurra-2 reached TD of 1,535 m and is being logged. Routine.
21 Oct 2009drilling progress report● Neutral
Beach's weekly report: Santos-operated Daralingie-27 is pressure testing at 756 m and Kercummurra-2 is drilling at 191 m. No results for Santos. Routine.
16 Oct 2009drilling progress report▲ Good
ESG's bimonthly update on Narrabri PEL 238 (Santos 35%): Tintsfield-1 finished at 988.6 m and the area is now a candidate for a Hoskissons seam pilot. Dewhurst-11 and Coogal-2 are underway, with a Dewhurst lateral pilot to follow. Routine.
14 Oct 2009drilling progress report● Neutral
Beach's weekly report: Santos-operated Bobs Well-2 is cased and suspended as a Patchawarra gas producer, Wareena-5 is being cased as a Toolachee producer, and Moomba-183 was plugged and abandoned at 2,092 m. Routine.
7 Oct 2009drilling progress report● Neutral
Beach's weekly report: Santos-operated Bobs Well-2 is drilling in pre-Permian at 2,849 m, Wareena-5 is at 898 m and Moomba-183 at 463 m. No results for Santos. Routine.
1 Oct 2009drilling progress report● Neutral
Beach's weekly report: Wakefield-1 is cased and suspended pending evaluation, ending Beach's nine-well Eromanga campaign. Santos-operated Surlow-2 is cased and suspended as a future gas producer, and Bobs Well-2 is at 2,530 m. Routine.
1 Oct 2009drilling progress report▲ Good
ESG's bimonthly update on Narrabri PEL 238 (Santos 35%): lateral well Bibblewindi 21H reached 2,378 m, hit about 1,111 m of coal and connected to Bibblewindi 27; both shield wells are due to start production. Tintsfield-1 showed excellent permeability in a test. Routine.
23 Sept 2009drilling progress report● Neutral
Beach's weekly report: Wakefield-1 reached TD of 2,298 m with fair hydrocarbon shows. Santos-operated Surlow-2 is drilling at 2,023 m and Bobs Well-2 has set surface casing. No Santos result. Routine.
16 Sept 2009drilling progress report● Neutral
Beach's weekly report: Spikey Beach-1 found no significant hydrocarbon shows and is being abandoned. Santos-operated Charo-7 and Okotoko West-2 are cased and suspended as future producers. No Santos exploration result. Routine.
15 Sept 2009drilling progress report▲ Good
ESG's bimonthly update on Narrabri PEL 238 (Santos 35%): lateral well Bibblewindi 28H reached 2,360 m and connected to Bibblewindi 29, with about 990 m of coal intersected. Bibblewindi 21H and Tintsfield-1 are drilling. Routine.
9 Sept 2009drilling progress report● Neutral
Beach's weekly report: Spikey Beach-1 and Wakefield-1 progress, with no Santos result. Santos-operated Charo-7 is at TD of 1,880 m and Okotoko West-2 at 2,465 m, both being logged. Routine.
3 Sept 2009drilling progress report● Neutral
Beach's weekly report: Marino-1 was plugged and abandoned after recovering about 3.5 barrels of oil, not commercial. Santos-operated Cooper wells Charo-6 and Wackett-16 were cased and suspended as future producers. Routine.
1 Sept 2009drilling progress report▲ Good
ESG's bimonthly update on Narrabri PEL 238 (Santos 35%): Yallambee-1 cut 35.2 m of Bohena coal, the thickest seen in the permit. Shield wells Bibblewindi 27 and 29 were drilled, and Bibblewindi 28H and Tintsfield-1 are underway. Routine update.
26 Aug 2009drilling progress report● Neutral
Beach's weekly report covers its own wells (Marino-1 spudded, Basker-7 cased). Santos-operated Cooper wells Charo-6 and Wackett-16 are at total depth, being logged. No Santos result. Routine.
