23 Jan 2006drilling progress report● Neutral
Great Artesian reports Udacha-1 at 2188 m in the Nappamerri Formation, repeating Beach's update. It restates the prospect's up to 2.3 MMbbl oil or 10.5 BCF gas (P10) potential. Routine progress.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
23 Jan 2006drilling progress report● Neutral
Udacha-1 at 2188 m, drilling ahead in the Nappamerri Formation, heading toward the Patchawarra target. Routine progress.
20 Jan 2006drilling progress report● Neutral
Udacha-1 at 1862 m, drilling ahead in the Adori Sandstone, repeating the earlier 20 January update. Routine progress.
20 Jan 2006drilling progress report● Neutral
Udacha-1 at 1862 m, drilling ahead in the Adori Sandstone. The main Patchawarra target is expected near 2326 m. Routine progress.
19 Jan 2006drilling progress report● Neutral
Beach reports Udacha-1 at 1428 m in the Oodnadatta Formation. Routine progress.
19 Jan 2006drilling progress report● Neutral
Enterprise Energy reports Udacha-1 at 1428 m; a trip replaced a washed-out drill pipe. Routine progress.
19 Jan 2006drilling progress report● Neutral
Rawson's weekly report: Udacha-1 at 1428 m. Rawson would earn 10% of any production licence. Routine progress.
19 Jan 2006drilling progress report● Neutral
Udacha-1 at 1428 m after pulling out of the hole for a washout. Routine progress.
19 Jan 2006drilling progress report● Neutral
Magellan's weekly report: Udacha-1 at 1428 m, with 960 m drilled in the week and surface casing set at 732 m. Routine progress.
18 Jan 2006drilling spud● Neutral
Beach confirms Manta-2 spudded 17 January 2006, the second of five wells to develop Basker-Manta (Beach 50%). It is expected to take about 35 days; Basker-3, 4 and 5 follow with the same rig.
18 Jan 2006drilling progress report● Neutral
Udacha-1 at 1323 m in the Oodnadatta Formation after a bit change. Routine progress.
18 Jan 2006drilling progress report● Neutral
Beach reports Udacha-1 at 1319 m in the Oodnadatta Formation. Routine progress.
18 Jan 2006drilling spud▲ GoodMajor
Anzon says Manta-2 development well spudded 17 January, starting full field development of Basker-Manta (Beach 50%). Once all wells are done, peak output could reach 35,000 bopd. Manta-2 is due to complete mid-February.
17 Jan 2006drilling progress report● Neutral
Udacha-1 at 1160 m, drilling ahead in the Allaru Mudstone. Routine progress.
17 Jan 2006drilling progress report● Neutral
Enterprise Energy reports Udacha-1 at 1160 m, drilling on towards the first objective. Routine progress.
17 Jan 2006drilling progress report● Neutral
Beach reports Udacha-1 at 1160 m in the Allaru Mudstone. Routine progress.
16 Jan 2006drilling progress report● Neutral
Beach reports Udacha-1 at 901 m, drilling ahead in the Mackunda Formation. Routine progress.
16 Jan 2006drilling progress report● Neutral
Udacha-1 at 901 m, drilling ahead after setting surface casing. Routine progress.
16 Jan 2006drilling progress report● Neutral
Partner Enterprise Energy reports Udacha-1 at 901 m in the Mackunda Formation, surface casing run and tested. Routine progress.
13 Jan 2006drilling progress report● Neutral
Beach reports Udacha-1 at 736 m, preparing to run surface casing. Routine progress.
13 Jan 2006drilling progress report● Neutral
Udacha-1 at 736 m, preparing to run and cement surface casing. Routine progress.
12 Jan 2006drilling progress report● Neutral
Great Artesian's copy of the Udacha-1 report: 468 m, drilling ahead, with surface casing planned near 750 m. Nothing new beyond the operator's update.
12 Jan 2006production update▲ GoodMajor
Partner Anzon reports first oil cargo (300,000 barrels) shipped from Basker-Manta, in which Beach holds 50%. Basker-2 has averaged 8,000 barrels a day, with four more wells due onstream in the third quarter. Reserves are 30.1 million barrels proved and probable.
12 Jan 2006production update▲ GoodMajor
Beach announces its first offshore oil sale: over 121,000 barrels worth about A$10 million from Basker-Manta, where it now holds 50% (up from 25%). This more than doubles daily production from about 2,800 bopd onshore. Four more wells are planned.
12 Jan 2006drilling progress report● Neutral
Udacha-1 was at 468 m, drilling ahead in the Winton Formation. No new result.
12 Jan 2006drilling progress report● Neutral
Magellan's weekly report: Udacha-1 at 468 m. It also reports Currambar-1, a non-Beach well, cased and suspended. Nothing new for Beach.
11 Jan 2006drilling spud● Neutral
Partner Rawson Resources reports Udacha-1 spudded at 11.30am on 11 January 2006. Rawson would earn 10% of any production licence. Beach is operator with 15%. Duplicate of known news from a partner's perspective.
11 Jan 2006drilling spud● Neutral
Beach-operated Udacha-1 is due to start drilling on 11 January, targeting 2775 m in about 19 days. Beach holds 15% of any production licence. Great Artesian also reported Kiana-1, another oil discovery, produced 6,955 barrels by end-December.
11 Jan 2006drilling spud● NeutralMajor
Beach confirms Udacha-1 spudded 11 January 2006 at 11:30am, with a planned depth of 2775 m and about 19 days to drill. Beach is operator with 15%, subject to discovery. Middleton-1 (Beach 50%) is expected to follow around 5 February.
4 Jan 2006drilling scheduled● Neutral
Great Artesian says Udacha-1 will spud around 11-12 January 2006, with Beach as operator holding 15% of any production licence. Beach also funds and operates Middleton-1 next (due early February, 50% of any licence). Rossco-1 is being cased as a possible gas producer.