20 July 2007drilling progress report▲ Good
Third-party Drillsearch update: Talgeberry 18 (Santos 89%) showed oil and is cased as a future producer. Naccowlah West 20 (Santos 55.5%) found Hutton oil shows and is being prepared for casing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
20 July 2007drilling scheduled● Neutral
Third-party Tap announcement: Santos-operated Fletcher-1 (WA-191-P, Santos 33.4%) is about to start drilling, 15 km east of Mutineer. It targets oil in a large Cretaceous sandstone closure, with total depth about 3,000 m in around 13 days.
19 July 2007drilling progress report● Neutral
Third-party Mosaic update: Hurricane-2 reached total depth of 3,253 m and is being logged. Hydrocarbon shows were seen in the main sandstone reservoir, but no result has been given yet.
17 July 2007drilling progress report● Neutral
Third-party Mosaic update: Hurricane-2 (WA-208P, Santos-operated) reached the Eliassen reservoir close to prediction, with gas readings and oil fluorescence. Drilling ahead at 3,206 m; significance awaits logging. Pre-drill pitch was 40-50 million barrels recoverable.
12 July 2007drilling progress report▲ Good
Third-party Drillsearch update: Talgeberry 22 (Santos 89%) showed oil and is cased as a future producer/injector. Naccowlah South 15 (Santos 55.5%) found Hutton oil pay and is cased as a future producer; Naccowlah West 20 spudded 10 July.
12 July 2007drilling progress report● Neutral
Third-party Mosaic update: Santos-operated Hurricane-2 (WA-208P) was cementing casing at 2,162 m and expected to reach the Eliassen reservoir within days. Planned depth is about 3,280 m. No result yet.
11 July 2007drilling progress report▲ Good
Third-party Beach report: Cooper Oil Project wells, including Santos-operated Naccowlah South-15, Gambero-1 and Mudlalee-4, found oil. Beach reports 38 wells at 76% success. Hurricane-2 is nearing its 3,280 m depth.
6 July 2007drilling spud● Neutral
Third-party Entek update: Warragon-1 (ATP 269P, Santos 4.9%) spudded 5 July, the last of a three-well program. It targets Basal Jurassic and Toolachee oil and should take about 14 days.
6 July 2007drilling progress report▲ Good
Third-party Drillsearch update: Talgeberry 17 (Tintaburra, Santos 89%) showed about 7 m of net oil pay and is being cased as a producer. Naccowlah South 15 (Santos 55.5%) was drilling ahead at 1,300 m.
4 July 2007drilling progress report● Neutral
Third-party Beach weekly report: Marcoola-1 (Santos 4.9%) was cased and suspended as a potential oil producer. Santos-operated Hurricane 2, Naccowlah South 15, Alwyn-7 and Gambero-1 were all drilling or preparing.
2 July 2007drilling result▲ Good
Third-party Entek update: Marcoola-1 (Santos 4.9%) was cased and suspended as a new oil discovery, with oil recovered from two tests, both marred by packer failures. Warragon-1 is the next well.
28 June 2007drilling result▲ Good
Third-party Drillsearch update: Naccowlah South 16 (Santos 55.5%) found Hutton oil pay and was cased as a future producer. Talgeberry 19 (Santos 89%) recovered oil on test and is being cased as a producer.
27 June 2007drilling result▲ Good
Third-party Beach announcement: Marcoola-1 (ATP 269P, Santos 4.9%) is a new oil field discovery. A Hutton test recovered 6 barrels of oil before the packers failed. Santos's share is small.
27 June 2007drilling progress report● Neutral
Third-party Beach weekly report: Marcoola-1 test misrun after packer failure, recovering 6 barrels of oil. Santos-operated Naccowlah South 16 was cased as an oil producer; Hurricane 2 had stuck pipe at 153 m.
26 June 2007drilling result▲ Good
Third-party Entek update: Marcoola-1 (ATP 269P, Santos 4.9%) reached 1,348 m with oil fluorescence in several zones, including the Hutton. Logging will follow, with testing if needed.
25 June 2007drilling spud● Neutral
Third-party Beach report: Hurricane-2 (WA-208P, Santos group 31.31%, operator) spudded 24 June to test for an oil leg beneath the Hurricane-1 gas. Highside potential is about 40 million barrels; planned depth 3,280 m.
22 June 2007drilling progress report● Neutral
Third-party Drillsearch update: Talgeberry 19 (Tintaburra, Santos 89%) had oil shows while drilling, and Naccowlah South 16 (Santos 55.5%) was drilling ahead at 1,318 m. No results yet.
20 June 2007drilling progress report● Neutral
Third-party Beach weekly report: Nudgee 1 plugged and abandoned; Marcoola 1 (Santos 4.9%) drilling. Santos-operated Big Lake 85 and Moomba 178 were cased as potential gas producers, and Naccowlah South 16 was drilling.
19 June 2007drilling scheduled● Neutral
Third-party Mosaic update: Santos-operated Hurricane-2 (WA-208P) is due to spud about 25 June, targeting a possible oil leg below the 2005 Hurricane-1 gas find. Mosaic cites 40-50 million barrels potential gross.
18 June 2007drilling result▼ Bad
Third-party Entek update: Nudgee 1 (Santos 4.9%) was plugged and abandoned after logging, a dry hole. The rig moved to Marcoola 1, expected to spud 19 June.
18 June 2007farm in farm out agreement▲ GoodMajor
Santos signed a farm-in with Carbon Minerals' subsidiary over PELs 1 and 12 (Gunnedah Basin, NSW, over 7,000 sq km). Spending $10m earns 25%; a further $30m earns another 40%. Santos would operate.
15 June 2007drilling result▼ Bad
Third-party Drillsearch update: Jalapeno 1 (Naccowlah, Santos 55.5%) was water wet and abandoned, a dry hole. Takyah 2 (Santos 89%) had oil shows and was running a test over the Murta zone.
13 June 2007drilling progress report● Neutral
Third-party Beach weekly report: Jalapeno 1 (Santos 55.5%) was setting abandonment plugs. Santos-operated Big Lake 85 and Moomba 178 continued, and Nudgee 1 (Santos 4.9%) was at total depth.
7 June 2007drilling result▼ Bad
Third-party Drillsearch update: Enoggara 1 (Tintaburra, Santos 89%) showed only trace oil, no pay on logs, and was plugged and abandoned. Jalapeno 1 (Naccowlah, Santos 55.5%) was drilling ahead at 94.5 m.
6 June 2007drilling progress report● Neutral
Third-party Beach weekly report: Beach's own Bodalla South 17 flowed 4,617 barrels of oil a day. Santos-operated Golah Singh 1 (Santos 79.79%) was being abandoned and Moomba 178 was drilling.
31 May 2007drilling progress report● Neutral
Third-party Drillsearch update: Inspector 1 (Tintaburra, Santos 89%) found no oil pay and was abandoned. Enoggara 1 spudded and Jalapeno 1 (Naccowlah, Santos 55.5%) was waiting on rig repairs.
30 May 2007drilling progress report● Neutral
Third-party Beach weekly report: Santos-operated Bogala Central-1 and Narcoonowie 5 were cased as potential oil producers. Burke 10 was cased pending a well integrity review.
25 May 2007drilling progress report● Neutral
Third-party Drillsearch update: Kooroopa 2 (Tintaburra, Santos 89%) was abandoned with no significant oil. Bogala Central 1 (Naccowlah, Santos 55.5%) found oil pay and was cased as a future producer.
23 May 2007drilling progress report● Neutral
Third-party Beach weekly report: Santos-operated Moomba 31ST1 was cased as a gas producer and Boongala 2 (Santos 67%) was cased as a potential gas producer. Burke 10 was perforating casing.
17 May 2007drilling progress report▲ Good
Third-party Drillsearch update: Kooroopa 3 (Santos 89%) showed about 16 m of combined net oil pay and was cased as a future producer. Kooroopa 2 was running logs and Bogala Central 1 was starting.