Past year: ▲ 35%(6.17 – 8.62 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
28 Feb 2007drilling progress report● Neutral
Beach weekly report: Santos-operated Coonaberry-2, Dullingari-59 and Fly Lake-22 had production casing run, with Coonaberry-2 and Fly Lake-22 rigs released. Beach's Telowie-1 is drilling at 1,306 m. No new results.
22 Feb 2007farm in farm out agreement▲ GoodMajor
Third-party Sundance announcement: Santos can earn into three Cooper Basin tenements in Queensland (ATP 636P, 820P, 661P) and become operator. Santos funds about A$3m of seismic and a well in each of two tenements to reach 60%. The permits are not yet granted.
22 Feb 2007drilling progress report● Neutral
Third-party Drillsearch update: at Tintaburra (Santos 89% operator), Mulberry 26 (about 6 m net oil pay) and Mulberry 35 (about 5 m) were cased as future producers. The upper Birkhead test at Mulberry 35 recovered no oil.
21 Feb 2007drilling progress report● Neutral
Beach weekly report: Tunkalilla-1 (Beach-operated) plugged and abandoned at 1,422 m. Santos-operated Coonaberry-2 reached 2,833 m TD; Dullingari-59 at 1,828 m TD; Fly Lake-22 drilling in basement at 2,939 m. No new results.
15 Feb 2007drilling progress report▲ Good
Third-party Drillsearch update: at Tintaburra (Santos 89% operator), Endeavour 25 was cased as an oil producer. Mulberry 35 showed good oil in cores and will be tested.
15 Feb 2007drilling progress report● Neutral
Third-party Magellan report: Muthero-7 (Nockatunga, Santos 61.006% operator) was cased as a Murta oil producer, and Muthero-4 is drilling. Tunkalilla-1 is operated by Beach, not Santos.
15 Feb 2007resource reserve update▲ Good
Third-party Nexus report: an independent audit puts Longtom (Nexus 100%) at 435 PJ gas and 5.2 million barrels of condensate. Reserves of 350 PJ are expected to match gas contracted to Santos, with first gas in 2H 2008 via Santos's Patricia Baleen plant.
14 Feb 2007drilling progress report● Neutral
Third-party Beach weekly report: Dullingari-58 (Santos 67%) was cased and suspended after a test recovered 5 barrels of oil. Coonaberry-2 is at 116 m and Fly Lake 22 has stuck pipe. Tunkalilla-1 is a Beach-operated well, not Santos.
9 Feb 2007drilling progress report▲ Good
Third-party Drillsearch update: at Tintaburra (Santos 89% operator), Mulberry 29 (about 10 m net oil pay) was cased as a producer and Endeavour 35 as a water injector. Mulberry 35 is next.
9 Feb 2007drilling result● NeutralMajor
Caldita-2 (NT/P61, Santos 40%) reached 3,973 m and confirmed gas in the western Caldita structure, with the gas-water contact confirmed. It was not flow-tested and was plugged as planned. 3D seismic is due by end of Q1 2008 before resources are assessed.
8 Feb 2007drilling result▲ Good
Third-party Magellan report: Thungo 13 (Nockatunga, Santos 61.006%) reached 1,138 m, found 8 m of net pay in the Murta, and was cased as a future oil producer. The rig moves to Muthero for four wells.
7 Feb 2007drilling progress report● Neutral
Third-party Beach weekly report: Coonaberry-2 (Santos 61%) and Moorari 12 (Santos 67%) remain suspended; Dullingari-58 is logging at 1,822 m; Fly Lake 22 is drilling at 649 m. No results.
1 Feb 2007drilling progress report● Neutral
Third-party Magellan report: Thungo 13 (Nockatunga, Santos 61.006% operator) remained suspended at 56 m after widespread rain; drilling is expected to restart once roads reopen. No new result.
1 Feb 2007drilling progress report● Neutral
Third-party Drillsearch update: at Tintaburra (Santos 89% operator), Endeavour 36 showed oil and will be cased as a future producer or water injector; Mulberry 29 spudded 30 January. Work resumed after rain.
31 Jan 2007drilling progress report● Neutral
Third-party Beach weekly report: Wilpinnie-4 (Santos 33%) is cased and suspended at 1,587 m. Coonaberry-2 (Santos 61%) and Moorari 12 (Santos 67%) are suspended due to road closures. Routine.
29 Jan 2007drilling progress report● Neutral
Third-party Victoria Petroleum update: Wilpinnie-4 (Santos operator) was cased and suspended at 1,587 m for later completion and production testing; the rig was released on 26 January. No new results. Routine.
25 Jan 2007drilling progress report● Neutral
Third-party Magellan report: Santos-operated Thungo 10 (Nockatunga, Santos 61.006%) was cased as a future Murta oil producer with 10 m net pay. Thungo 13 spudded but was suspended at 56 m because of rain. Routine.
25 Jan 2007drilling result▲ Good
Third-party Impress report: Wilpinnie-4 (Santos operator, 33.3% after farm-out) found an 18 m oil column (1,476-1,494 m) in the mid Namur and will be cased as a future oil producer. Impress says results were within pre-drill estimates; no commercial flow proven yet.
25 Jan 2007drilling progress report● Neutral
Third-party Drillsearch update: at Santos's Tintaburra block (Santos 89%), Endeavour 17 (about 5 m net pay) and Endeavour 39 (about 6 m) were cased as future oil producers. Endeavour 36 and Mulberry 29 are next; rain slowed work. Routine.
25 Jan 2007drilling progress report● Neutral
Third-party Victoria Petroleum update: Wilpinnie-4 (Santos operator) is to be cased with 5.5 inch casing for later production testing of the 18 m mid Namur oil zone. Repeats earlier test results. Routine.
24 Jan 2007drilling progress report● Neutral
Third-party Beach weekly report: Cooper-Eromanga drilling was delayed by heavy rain and road closures. Santos-operated Coonaberry-2 (Santos 61%) was at 2,297 m, Wilpinnie-4 at 1,587 m waiting on cement, and Moorari 12 had spudded. Routine.
22 Jan 2007drilling result● Neutral
Third-party Victoria Petroleum report: Wilpinnie-4 (Santos operator) DST-2 plugged and gave no new information; the well reached 1,587 m. Logs show an 18 m gross oil zone (1,476-1,494 m) with an oil-water contact at 1,494 m. Resolves the earlier test uncertainty only partly.
18 Jan 2007drilling progress report▲ Good
Third-party Magellan report: Santos-operated Thungo 9 (Nockatunga, Santos 61.006%) reached 1,390 m, with about 8 m net pay in the Murta Member, and was cased as a future oil producer. Thungo 10 is drilling at 436 m. Routine.
18 Jan 2007drilling progress report▲ Good
Third-party Drillsearch update: at Santos's Tintaburra block, Endeavour 26 (about 8 m net pay) was cased as a future producer and Endeavour 33 as a future water injector. Endeavour 17 and 39 are drilling. Routine.
18 Jan 2007drilling progress report● Neutral
Third-party Victoria Petroleum update: Wilpinnie-4 (Santos operator) was running open hole test DST-1 over 1,475-1,487 m in the mid Namur Sandstone, where oil shows continue. No result yet. Routine.
17 Jan 2007drilling progress report● Neutral
Third-party Beach weekly report: Santos-operated Cowralli 8 (Santos 67%) was cased and suspended at 3,223 m, Wilpinnie-4 was at 1,469 m preparing to core, and Coonaberry-2 (Santos 61%) was preparing to run surface casing. Routine.
17 Jan 2007drilling progress report▲ Good
Third-party Victoria Petroleum update: Wilpinnie-4 (Santos operator) cut a 9 m core and has oil shows over 21 m (1,446-1,487 m) in the mid Namur Sandstone. An open hole test is next. Routine.
16 Jan 2007drilling progress report▲ Good
Third-party Victoria Petroleum update: Wilpinnie-4 (Santos operator) found oil shows at 1,466-1,469 m in the mid Namur Sandstone, about 17 m higher than shows in Wilpinnie-3. Drilling continues; no test result yet. Routine.
15 Jan 2007drilling progress report● Neutral
Third-party Victoria Petroleum update: Wilpinnie-4 (Santos operator) set surface casing at 306 m and was preparing to drill ahead at 1,098 m, following the earlier re-spud. Routine.
11 Jan 2007drilling progress report▲ Good
Third-party Drillsearch update: at Santos's Tintaburra block (Santos 89%), Endeavour 40 and 34 were cased as future oil producers (about 4 m and 6 m net pay). Endeavour 26 is logging. Campaign total 77 wells, 58 completed for production, 19 abandoned. Routine.
