8 June 2012drilling progress report● Neutral
Lakes Oil's version of the same update: Holdgate-1 at 1,312m, drilling ahead. Duplicate of Armour's release.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
7 June 2012drilling progress report● Neutral
Armour's version of the same update: Holdgate-1 at 1,225m, drilling ahead. Duplicate of Lakes Oil's release.
7 June 2012drilling progress report● Neutral
Lakes Oil reports Holdgate-1 at 1,225m and drilling ahead. No results yet.
6 June 2012drilling progress report● Neutral
Holdgate-1 was at 1,120m and drilling ahead. No results yet.
6 June 2012drilling progress report● Neutral
Lakes Oil's version of the same update: Holdgate-1 at 1,120m, drilling ahead. Duplicate of Armour's release.
5 June 2012drilling progress report▲ Good
Cow Lagoon 1 has approval to deepen from 1,300m to 1,800m, with gas shows from 342m down, including a 3-minute show near 1,000m. Drilling was hard earlier but eased with new techniques. A decision on the well's future comes within about a week.
5 June 2012drilling progress report● Neutral
Holdgate-1 was at 973m and drilling ahead toward a proposed 2,500m. No results yet.
5 June 2012drilling progress report● Neutral
Lakes Oil's version of the same update: Holdgate-1 at 973m, drilling ahead. Duplicate of Armour's release.
4 June 2012drilling progress report● Neutral
Armour's version of the same update: Holdgate-1 at 846m, drilling ahead. Duplicate of Lakes Oil's release.
4 June 2012drilling progress report● Neutral
Lakes Oil reports Holdgate-1 at 846m and drilling ahead. No results yet.
1 June 2012drilling progress report● Neutral
Holdgate-1 was at 640m and drilling ahead toward a proposed 2,500m. No results yet.
31 May 2012drilling progress report● Neutral
Armour's version of the same update: Holdgate-1 at 491m and drilling ahead. Duplicate of Lakes Oil's release.
31 May 2012drilling progress report● Neutral
Holdgate-1 was at 491m and drilling ahead after casing was set at 427m. Proposed total depth remains 2,500m.
30 May 2012asset acquisition disposition▲ GoodMajor
Armour is preferred tenderer for Queensland permit ATP 1107, next to ATP 1087, doubling its Queensland ground from about 1.8 to 3.6 million acres. Native title and environmental clearances are still needed. ATP 1087 has a 22.5 TCF mean prospective resource estimate.
29 May 2012drilling progress report● Neutral
Armour's version of the same update: casing cemented at 427m in Holdgate-1, with drilling to restart toward a proposed 2,500m. Duplicate of Lakes Oil's release.
29 May 2012drilling progress report● Neutral
Lakes Oil reports 9 5/8" casing cemented at 427m in Holdgate-1. Drilling is due to restart the next day toward a proposed 2,500m total depth, unless basement is hit earlier.
28 May 2012drilling progress report● Neutral
Holdgate-1 reached 429m; crews are running casing to 427m and cementing it. No results yet.
28 May 2012drilling progress report● Neutral
Lakes Oil's version of the same update: Holdgate-1 at 429m, running and cementing casing at 427m. Duplicate of Armour's release.
25 May 2012drilling progress report● Neutral
Lakes Oil's version of the same update: Holdgate-1 at 254m, drilling ahead. Duplicate of Armour's release.
25 May 2012drilling progress report● Neutral
Holdgate-1 was at 254m and drilling ahead. No results yet; Armour continues funding the well to earn 51% of PEP166.
24 May 2012drilling progress report▲ GoodMajor
Cow Lagoon 1, Armour's first McArthur Basin well, hit gas shows in the Reward Dolomite at 342–540m, in tight rock with poor porosity. Main targets lie deeper. Armour cites an independent 18.6 TCF mean prospective resource for the permits.
24 May 2012drilling progress report● Neutral
Holdgate-1 in PEP166 (Gippsland Basin) was at 160m and drilling ahead. Targets are the Strzelecki Group tight gas and the deeper Rintouls Creek Sandstone/Tyers Conglomerate. Armour is funding the well to earn 51% of the permit. No results yet.
23 May 2012drilling spud● NeutralMajor
Lakes Oil reports Holdgate-1 was spudded in the Gippsland Basin's PEP166, testing the Strzelecki Group for tight gas on the Baragwanath Anticline. Armour funds the well as part of earning 51% of PEP166.
23 May 2012drilling spud● Neutral
Armour confirms Holdgate-1 was spudded in PEP166, Gippsland Basin, targeting the Strzelecki Group tight gas and a deeper Rintouls Creek Sandstone oil prospect. Armour funds it to earn 51% of the permit. Duplicate of Lakes Oil's release.
18 May 2012drilling progress report● Neutral
Cow Lagoon #1 in EP 176 has surface casing set at 240m. The rig is preparing to drill to a planned 850m, targeting the Barney Creek Shale and Reward and Coxco Dolomites. No results yet.
10 May 2012director officer appointment● Neutral
Matthew Stubbs, an investment banker and founder of Allier Capital, is appointed alternate director for non-executive director Bill Stubbs, who is overseas until 6 July 2012. A temporary appointment.
10 May 2012drilling result● NeutralMajor
Moreys 1 flowed gas and condensate from the Eumeralla Formation (1,985.5–1,995.5m), but the primary Waarre C target appears tight. Armour has completed its $2.5m spend and earned 51% of PEP169. Holdgate 1 is next.
10 May 2012drilling result● NeutralMajor
Lakes Oil reports Moreys-1 found tight gas and condensate in the Eumeralla Formation; the Waarre C primary target appears tight. Armour has now earned its 51% of PEP169. Holdgate-1 in PEP166 is due to spud about 20 May.
8 May 2012drilling scheduled▲ Good
Cow Lagoon #1 is due to spud 9 May, and the 56km Abner Range seismic survey is finished. Kilgour North #1 (about 1,800m) is planned for late May and Glyde #1 for June. Three more wells follow July to early September.
8 May 2012drilling progress report● Neutral
Lakes Oil's version of the same update: logs assessed at 2,300m total depth, and the 1,987–2,005m interval will be retested. Duplicates Armour's release.