27 Feb 2008drilling progress report● Neutral
This is ROC's release, not FAR's. It reports Wei 6-12E-1A drilled to 986 m with casing cemented, before BOP testing. FAR holds 5%. The rest covers ROC's other wells.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
27 Feb 2008drilling progress report● Neutral
Wei 6-12E-1A has cemented casing at 986 m. Schwing #2 (FAR 5% to 14,500 ft) is at 13,912 ft, changing the bit, with shows still to be logged at total depth.
20 Feb 2008drilling progress report▼ Bad
This is ROC's release, not FAR's. It reports Wei 6-12E was re-spudded as 6-12E-1A after stuck pipe, with total depth now expected early March. FAR holds 5%. The rest covers ROC's other wells.
20 Feb 2008drilling progress report▼ Bad
Wei 6-12E was re-spudded as 6-12E-1A after stuck drill pipe, delaying total depth to early March. Schwing #2 (FAR 5% to 14,500 ft) is drilling ahead at 13,085 ft.
13 Feb 2008drilling spud● Neutral
Wei 6-12E-1, the second well in the China program (FAR 5%), began drilling on 12 February, 1.7 km east of the Wei 6-12S-1 discovery. Target depth is about 2,520 m by end February.
13 Feb 2008drilling progress report● Neutral
This is ROC's release, not FAR's. It reports Wei 6-12E-1 started drilling on 12 February, targeting about 2,520 m by end February. FAR holds 5%. The rest covers ROC's other wells.
5 Feb 2008drilling progress report● Neutral
Schwing #2 is at 12,532 ft with a 5,100-unit gas show to be logged. At Kicker, FAR lifts its interest to 10% for an uphole Alliance 2 completion, before a possible sidetrack to the Alliance 3 oil pay.
29 Jan 2008drilling result▼ BadMajor
Wei 6-12W-1 (FAR 5%) found no hydrocarbons at 2,333 m and was plugged and abandoned. Wei 6-12E-1 is next. Schwing #2 logs show the Upper Bol Mex sand wet, leaving only the Marg Tex pay so far.
29 Jan 2008drilling result▼ Bad
This is Petsec's release, not FAR's. It repeats that Wei 6-12W-1 found no commercial hydrocarbons and was abandoned. Wei 6-12E-1 is next, and the third well appraises the 1993 12-2-1 oil discovery. FAR holds 5%.
25 Jan 2008resource reserve update▲ GoodMajor
Processing of the 2,086 sq km Senegal 3D (FAR 30%) is complete, showing stacked Santonian fan amplitude anomalies and a large shelf-edge closure up to 178 sq km. No volumes are estimated yet. Partner marketing is planned for February.
24 Jan 2008drilling scheduled▲ GoodMajor
Wild River 3D processing is complete and a Wabamun gas prospect of up to 50 Bcf is mapped. FAR's interest is now about 29.12% (earlier ~36%). It will be marketed for farm-out in February, with a well possible from Q2 2008.
23 Jan 2008drilling progress report● Neutral
Wei 6-12W-1 has set casing at 1,837 m and is drilling at 2,106 m toward 2,425 m. Schwing #2 shows gas at the Upper Bol Mex sand at 12,088 ft; commerciality awaits logs.
23 Jan 2008resource reserve update▲ GoodMajor
Initial 3D interpretation at NE Waller (FAR 34%) shows multiple leads and prospects, including two Lower Wilcox gas prospects at about 11,000 ft. FAR sees over 50 BCFE potential and will show them to partners in February, with drilling planned 2008.
16 Jan 2008drilling result▲ Good
Logs on Schwing #2 (FAR 5% to 14,500 ft) indicate 11 ft of gas pay in the Upper Marg Tex and a probable 5 ft in the Lower Marg Tex. The wellbore will no longer be used for a later Wilcox test; FAR keeps 17.7% below 14,500 ft.
16 Jan 2008drilling progress report● Neutral
This is ROC's release, not FAR's. It reports Wei-6-12W-1 drilling at 1,684 m, with casing planned at 1,860 m. FAR holds 5%. No results yet.
9 Jan 2008drilling progress report● Neutral
Schwing #2 (FAR 5% to 14,500 ft) is at 12,014 ft with elevated gas readings at the Bolmex level, needing logging to evaluate. Wei 6-12W-1 is running casing. No confirmed result yet.
9 Jan 2008drilling progress report● Neutral
This is Petsec's release, not FAR's. It reports 13-3/8 inch casing run to 800 m on Wei-6-12W-1 and BOP testing next. FAR holds 5%. No results yet.
9 Jan 2008drilling progress report● Neutral
This is ROC's release, not FAR's. It reports the rig is preparing to run 13-3/8 inch casing to 800 m on Wei-6-12W-1. FAR holds 5%. No results yet.
2 Jan 2008drilling spud● NeutralMajor
ROC reports the China drilling program began 1 January 2008 with Wei 6-12W-1, targeting about 2,425 m, after a two-week rig delay. Three wells are planned plus a possible fourth, finishing by end of Q1 2008. FAR holds 5%.
2 Jan 2008drilling progress report● Neutral
FAR's 5% China exploration program is under way, with Wei 6-12W-1 drilling at 560 m toward about 2,425 m. Wei 6-12 East and Wei 12-2-2 follow, with a possible fourth well. The program is due to finish by end Q1 2008.
28 Dec 2007drilling progress report● Neutral
Schwing #2 (FAR 5% to 14,500 ft) is drilling ahead at 10,628 ft, with the 11,800 ft Bolmex bail-out zone not yet reached. No results yet.
20 Dec 2007drilling progress report● Neutral
Schwing #2 (FAR 5% to 14,500 ft) has deepened from 8,244 ft to 9,265 ft, with a new bottom-hole assembly being run before drilling resumes. No results yet.
20 Dec 2007director officer appointment● Neutral
Company secretary Albert Brindal, in the role since April 2000, joins the FAR board as a non-executive director. FAR lists 2008 highlights: China wells, the Wei 6-12 South development plan, Senegal 3D results, and Wild River and NE Waller outcomes.
13 Dec 2007drilling progress report● Neutral
Schwing #2 (FAR 5% to 14,500 ft) is drilling ahead at 8,244 ft, after a bit change and directional drilling. No results yet.
6 Dec 2007drilling progress report● Neutral
Schwing #2 (FAR 5% to 14,500 ft) has run surface casing and deepened from 3,007 ft to 6,437 ft, still drilling ahead. No results yet.
4 Dec 2007well test result▼ BadMajor
FAR (8%) reports Stokes Bay-1 testing is suspended and equipment removed because of seasonal rain, with resumption expected around April 2008. The nature of the reservoir fluid is still unknown, so the result is delayed about four months.
4 Dec 2007drilling progress report● Neutral
This is Empire's announcement, not FAR's. The operator suspended Stokes Bay-1 testing and removed equipment because of seasonal rain, planning to resume around April 2008. The reservoir fluid and pressure source remain undetermined.
27 Nov 2007contract award▲ Good
The Block 22/12 joint venture has contracted the Premium Murmanskaya jack-up rig for four wells in China from mid-December. The first two test Wei 6-12 West and East near the 2006 Wei 6-12 South discovery. FAR holds 5%. Schwing #2 is at 3,007 ft.
26 Nov 2007drilling progress report● Neutral
This is Pancontinental's announcement, not FAR's. It repeats the operator's report that Stokes Bay-1 swabbing recovered 29% of lost fluid, rain has halted operations, and the reservoir fluid is still unknown.
23 Nov 2007drilling progress report● Neutral
This is Empire's announcement, not FAR's. It repeats the operator's report that swabbing at Stokes Bay-1 has recovered 29% of lost fluid, work is halted by heavy rain, and the reservoir fluid is still unidentified.