Past year: ▲ 35%(6.17 – 8.62 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
4 Mar 2009drilling progress report● Neutral
Beach reports South July-1 in Egypt (Santos 40% operator) at 3,773 m, trying to free stuck drill pipe. Cooper wells Mudrangie Sth-1 reached 3,223 m to be cased as a gas producer. Beach's own Perlubie-1 flowed 2,600 bopd, with no Santos interest. Routine update.
26 Feb 2009drilling progress report● Neutral
Drillsearch says Chilla-3A (Santos 55.5% operator) hit oil shows in the Murta Formation, reached 1,528 m and was cased and suspended as a potential oil producer, completing the Naccowlah drilling program. Planet Downs-1 has no Santos interest. Routine update.
25 Feb 2009drilling progress report● Neutral
Beach reports Santos-operated Chilla-3A was successful and Muteroo-6 was unsuccessful. South July-1 in Egypt is at 3,757 m, completing wireline logs. Routine update.
19 Feb 2009drilling progress report● Neutral
Drillsearch says Chilla 3 (Santos 55.5% operator) was junked and abandoned at 230 m after a failed casing pressure test. Chilla 3A spudded 18 February targeting the Murta Formation. Routine update.
18 Feb 2009drilling progress report● Neutral
Beach reports Santos-operated Muteroo-6 and Chilla-3A are in progress. South July-1 in Egypt is at 3,647 m, preparing wireline logs and casing, short of its 3,970 m target. Routine update.
11 Feb 2009drilling progress report● Neutral
Beach reports Santos-operated Jackson East-2 was successful, cased as a Hutton oil producer, and Muteroo-6 is drilling. South July-1 in Egypt is at 3,324 m. Routine update.
5 Feb 2009drilling progress report● Neutral
Drillsearch says Jackson East 2 (Santos 55.5% operator) spudded 30 January, found oil shows and reached 1,616 m. Planet Downs-1, with no Santos interest, remains on hold for weather. Routine update.
4 Feb 2009drilling progress report● Neutral
Beach reports Santos-operated Jackson East-2 is in progress and Bindah-3 is to be cased as a future producer. South July-1 in Egypt is at 2,905 m. Beach's own Perlubie-1 found oil. Routine update.
29 Jan 2009drilling progress report● Neutral
Drillsearch says Jackson 58 was cased and suspended as a potential oil producer, and the rig is moving to Jackson East 2, due to spud 30 January. Rain delays continue. Routine update.
28 Jan 2009resource reserve update▲ GoodMajor
Santos lifted 2P reserves by 134 mmboe to a record 1,013 mmboe, passing 1 billion barrels, versus 879 mmboe a year earlier. GLNG CSG 2P reserves rose 142% to 3,246 PJ. Contingent resources rose to 2.85 billion boe, including a 590 mmboe Cooper unconventional gas booking.
28 Jan 2009drilling progress report● Neutral
Beach reports Santos-operated Jackson-58 was successful and Bindah-3 is in progress. Egypt's South July-1 is at 2,741 m, running casing. Routine update.
23 Jan 2009drilling progress report● Neutral
Drillsearch reports Santos-operated Jackson 58 (55.5%) reached 1,518 m with oil shows and is being cased as a potential producer. Planet Downs-1, a Drillsearch well with no Santos interest, is delayed by rain. Routine update.
21 Jan 2009drilling progress report● Neutral
Beach reports Santos-operated Jackson-58 and Bindah-3 are in progress. South July-1 in Egypt is at 2,670 m, with about six more weeks to its 3,970 m target. Beach's Fermat-1 was abandoned. Routine update.
15 Jan 2009drilling scheduled● Neutral
Drillsearch says Jackson 58, a Santos-operated (55.5%) Naccowlah appraisal well, is due to spud 16 January. This restarts Naccowlah drilling in line with the mid-January plan. Routine scheduling notice.
14 Jan 2009drilling progress report● Neutral
Beach reports Santos-operated Spencer West-3 and Tennaperra-2 were successful oil wells. Beach's Fermat-1 in the Otway Basin failed to find significant hydrocarbons and is being abandoned. Routine Santos Cooper update.
14 Jan 2009drilling result▼ Bad
Fletcher-4, the sidetrack from Fletcher-3 in WA-191-P, reached 3,252 m and found the target reservoir water-wet. Tap says this shows the complexity of the Fletcher accumulation. The well will be abandoned, and remapping will assess the field's potential.
7 Jan 2009drilling progress report● Neutral
Beach reports Santos-operated wells Spencer West-3 and Tennaperra-2 are drilling, and Egypt's South July-1 is at 1,114 m. Beach's Fermat-1 is at 3,585 m, and its partner Essential defaulted on a cash call. Routine update.
2 Jan 2009drilling result▲ Good
Fletcher-3 reached 3,014.7 m and found about 20 m of oil-bearing reservoir as predicted. Tap says results are in line with expectations. A sidetrack, Fletcher-4, will test a separate fault block, and the JV can decide commerciality earlier.
31 Dec 2008drilling progress report● Neutral
Beach reports Santos-operated Minos-1 was successful, with Spencer West-3 now drilling. Egypt's South July-1 is at 612 m. Routine Cooper and Egypt update with no new figures on the Santos wells.
24 Dec 2008drilling progress report● Neutral
Beach reports Santos-operated Gidgealpa-61 was unsuccessful and plugged, while Minos-1 is drilling. Egypt's South July-1 (Santos 40% operator, targeting ~100 million barrels) is about to spud. Routine update.
17 Dec 2008drilling progress report● Neutral
Beach's weekly report: Santos-operated Zeus-1 reached 1,771 m and is being cased for evaluation, and Gidgealpa-61 is drilling. Beach's Fermat-1 spudded in the Otway Basin. Routine Cooper update with no new Santos result.
16 Dec 2008drilling progress report● Neutral
Tap reports the Santos-operated Fletcher-3 appraisal well in WA-191-P was at 2,115 m, with about 4-5 days to reach its ~2,970 m target depth. A success would allow a tie-back to the Mutineer-Exeter FPSO. No result yet.
11 Dec 2008drilling progress report▲ Good
Drillsearch reports Santos-operated Watkins-1 found pay in the Westbourne, Hutton and Basal Jurassic, completing 2008 Naccowlah drilling. Drilling resumes in mid-January 2009. Beach's Canunda-1 gas/condensate discovery was suspended.
10 Dec 2008drilling progress report● Neutral
Beach reports Santos-operated Gidgealpa-60 and Watkins-1 succeeded and Zeus-1 is drilling. Beach's Burtocal-2B found at least 31 m of oil in Egypt. Routine Santos results.
9 Dec 2008drilling spud● Neutral
Tap reports Fletcher-3 appraisal well in WA-191-P (Santos operator 44.53% in the well) spudded 6 December, targeting about 2,970 m. A success could tie back to the Mutineer-Exeter FPSO. Follows the small Fletcher-1/2 oil find.
4 Dec 2008drilling progress report● Neutral
Drillsearch reports Santos-operated Watkins-1 is drilling at 1,289 m after a three-day weather delay. Canunda-1, Beach's well, is a gas/condensate discovery being cased. Routine update with no new Santos result.
3 Dec 2008drilling progress report● Neutral
Beach reports Canunda-1 will be cased as a gas discovery, while its PeeJay-1 was plugged and abandoned. Santos-operated Gidgealpa-60 and Watkins-1 are drilling. Routine Cooper update with no new Santos result.
1 Dec 2008drilling progress report● Neutral
Carbon Minerals reports Santos-operated Stoney Creek 1 coal seam gas corehole in PEL 1, Gunnedah Basin, reached 654.65 m on 30 November, on prognosis, with 21 coal intervals under test. Early data for Santos's Gunnedah CSG push.
27 Nov 2008drilling progress report▲ Good
Drillsearch reports Santos-operated Watson-4 was cased and suspended as a future oil producer, and Watkins-1, a near-field exploration well, spudded 25 November. Routine Naccowlah development drilling.
26 Nov 2008drilling progress report● Neutral
Beach reports Santos-operated Watson-4 was successful but Gidgealpa-59 (Beach 20.21%) was unsuccessful; Watkins-1 is drilling. Beach's Canunda-1 reached 2,799 m. Routine Cooper results; Gidgealpa-59 is a small dry-hole setback.
