19 Mar 2008drilling progress report● Neutral
Third-party Beach weekly report: Santos-operated Cook-11 and Squalo-1 are in progress in the Cooper Oil Project. Nothing new on results for Santos; remaining content covers Beach-only wells.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
12 Mar 2008drilling result▼ Bad
Third-party Beach weekly report: Mudlalee-5 (Santos operator) was plugged and abandoned after a test produced water and oil at a 90% water cut. Cook-12 was cased as a Hutton oil producer; Murrippi-1 (Beach 40%, not Santos) is also being abandoned.
5 Mar 2008drilling progress report▲ Good
Third-party Beach weekly report: Cook-12 (Santos operator) is being cased as a future oil producer with 8.5 m of oil pay in the Hutton. Beach's Murrippi-1 recovered 8 barrels of oil on a test; Fly Lake-25 and Mudlalee-5 are drilling.
27 Feb 2008drilling progress report● Neutral
Third-party Beach weekly report: Tirrawarra-75 (Santos operator) cased as a future gas and oil producer. Cook-12 and Mudlalee-5 are drilling; Coonatie-9 is at 2,520 m. Mudera-12 is in rig maintenance.
20 Feb 2008drilling progress report● Neutral
Third-party Beach weekly report: no Cooper Oil activity this week. Tirrawarra-75 reached 3,090 m and is being logged; Cook-12 is rigged up, and Beach's own Murrippi-1 is about to spud. Nothing new on Santos's results.
18 Feb 2008drilling result● Neutral
Third-party Origin report: Riverslea Southeast 1 (PL 30, Surat Basin) found only weak oil shows and will be plugged and abandoned. Santos holds 15% of the permit but did not participate in the well, so no direct cost is stated.
13 Feb 2008drilling progress report▲ Good
Third-party Beach weekly report: Mudlalee-6 (Santos operator) cased as a future oil producer, with 4.8 m of oil pay in the Birkhead and 1.2 m in the Hutton. Tirrawarra-75 is being cored; Mudera-12 is still under accident investigation.
6 Feb 2008drilling progress report● Neutral
Third-party Beach weekly report: Coonatie-11 (Santos operator) cased as a future gas producer. Tirrawarra-75 and Mudlalee-6 are drilling; Mudera-12 is still under accident investigation.
6 Feb 2008drilling result▲ Good
Third-party Origin report: Emu Apple 3 (Santos QNT 10%) found oil in the Hutton Sandstone, a new oil pool for the Emu Apple field, plus Boxvale and Evergreen shows. Cased as a future producer. Tests recovered small volumes (6.1 bbl Hutton, 1.7 bbl Boxvale).
30 Jan 2008drilling progress report● Neutral
Third-party Beach weekly report: Tirrawarra 73 cased as an oil and gas producer; Mudera North-1 cased as a gas producer. Coonatie-11 is logging; Tirrawarra-75 is drilling. Mudera-12 is under accident investigation, and Mudlalee-6 operations are suspended.
23 Jan 2008drilling progress report▲ Good
Third-party Beach weekly report: Tirrawarra 73 (Santos operator) found 11 m of oil pay and 5 m of gas pay. Mudera North-1 reached 1,856 m and is being evaluated; Coonatie-11 is drilling.
16 Jan 2008drilling progress report▲ Good
Third-party Beach weekly report: Merrimelia-61 (Santos operator) cased as a future oil producer with 4.5 m of oil pay. Coonatie-11, Tirrawarra 73 and Mudera North-1 are drilling. Callawonga pipeline is due mid-March.
14 Jan 2008drilling progress report● Neutral
Third-party Drillsearch update: casing Jackson 55 ended the current Naccowlah (Santos 55.5% operator) drilling phase. The campaign resumes in May 2008 with at least ten wells. Fits the scaled-back 2008 Cooper plan.
14 Jan 2008drilling progress report● Neutral
Third-party Bow update, mostly on its own coal seam gas wells. It repeats that the first two wells of the Santos-operated ATP 752P farm-in (Bow 15%) are due to start in February.
9 Jan 2008drilling progress report▲ Good
Third-party Beach weekly report: Coonatie-10 (Santos operator) cased as a future gas producer, with 6 m of gas pay. Merrimelia-61 and Tirrawarra 73 are drilling.
8 Jan 2008drilling progress report● Neutral
Third-party Bow update, mainly on its own coal seam gas wells. It confirms the first two wells of the Santos-operated ATP 752P farm-in (Bow 15% after the farm-in) are due to start in February, as flagged in October.
3 Jan 2008drilling progress report▲ Good
Third-party Origin update on the Emu Apple oil appraisal wells (Santos QNT 10%): Emu Apple 2 found good oil shows and was cased as a future oil producer. Emu Apple 3 was drilling surface casing.
3 Jan 2008drilling progress report● Neutral
Third-party Drillsearch update: Jackson 54 and 55 (Santos 55.5% operator) cased as future oil producers. The rig is under routine maintenance. Repeats Beach's results.
2 Jan 2008drilling progress report● Neutral
Third-party Beach weekly report: Jackson-54, Jackson-55 and Charo-3 cased as future oil producers; Tartulla-8 cased as a future gas producer; Zogg-1 (Santos operator) plugged and abandoned. Merrimelia-61 is drilling.
20 Dec 2007drilling progress report▲ Good
Third-party Drillsearch update: Jackson 53 (Santos 55.5% operator) found pay in the Murta and Mid Birkhead formations and was cased as a future oil producer. Jackson 54 has spudded.
19 Dec 2007drilling progress report● Neutral
Third-party Drillsearch update: Jackson 52 (Santos 55.5% operator) cased and suspended as a future oil producer; Jackson 53 spudded 12 December. Repeats results already reported by Beach a week earlier.
19 Dec 2007drilling progress report● Neutral
Third-party Beach weekly report: Jackson-53 (Santos operator) cased as a future oil producer; Ogg-1 (Santos operator) plugged and abandoned. Charo-3 is drilling. Ballaparudda-1, Beach's own well with no Santos interest, was dry. No weekly report next week.
12 Dec 2007drilling progress report● Neutral
Third-party Beach weekly report: Charo-2 and Jackson-52 (Santos operator) were cased as future oil producers, with about 3 m of oil pay in each. Ogg-1 is drilling; Coonatie-10 and Tartulla-8 have spudded.
6 Dec 2007drilling progress report● Neutral
Third-party Drillsearch update: Jackson 56 (Santos 55.5% operator) found oil pay in several intervals and was cased as a future producer. Jackson 52 spudded 4 December.
5 Dec 2007drilling progress report● Neutral
Third-party Beach weekly report: Jackson-56 cased as an oil producer; Ikarumba-1 and Wellington-6 (Santos operator) plugged and abandoned. Coonatie-8/ST1 is being cased as a gas producer. Parsons-1, Beach's own discovery, flowed 3,362 bopd.
28 Nov 2007drilling progress report● Neutral
Third-party Beach weekly report: Merrimelia-60 and Jackson-48 were successful; Jena-25 was cased though Beach opted out; Ikarumba-1 is drilling. Beach's own Parsons-1 (no Santos interest stated) is a new oil discovery with a 12 m gross oil column.
23 Nov 2007drilling progress report● Neutral
Third-party Drillsearch update: Jackson 49 (Santos 55.5% operator) found oil pay and was cased as a future producer. Jackson 48, the fourth of nine Westbourne development wells, has spudded.
21 Nov 2007drilling progress report● Neutral
Third-party Beach weekly report: Jackson-49 cased as a future oil producer, Jena-21 (Santos operator) plugged and abandoned. Jena-25, Merrimelia-60 and Jackson-48 are in progress. Warragon-1 (ATP 269P, Santos 4.9%) flowed 140 bbl/d at 87% water, judged sub-economic.
14 Nov 2007drilling progress report● Neutral
Third-party Beach weekly report: Merrimelia-59 and Jackson-50 were cased as future oil producers. Montegue-1 (ATP 259P, Santos operator) was cased as a future gas producer with about 5 m and 7 m of gas pay. Coonatie-8 is being sidetracked after stuck pipe.
8 Nov 2007drilling progress report● Neutral
Third-party Drillsearch update: Jackson 51 (Santos 55.5% operator) found oil pay and was cased as a future producer. Jackson 50, the second of nine Westbourne development wells at Jackson, spudded 5 November.