Past year: ▼ 22%(28.0c – 62.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
24 Oct 2007drilling result▲ GoodMajor
The Lindsey 109A #1R sidetrack (FAR 4.64%) logged 20 ft of oil pay and will be completed for production. Separately, a rig is contracted for South Grosse Tete's Schwing #2, a 14,500 ft well (FAR 5% shallow, 17.7% deep) following the dry Schwing A-1, with US$6m estimated cost.
18 Oct 2007drilling progress report● Neutral
This is Emerald's announcement, not FAR's. It repeats the operator's report of Anderson oil and gas shows, deepening to 2,755 m, and total mud loss in the Nullara. Emerald holds 12.75% in the deeper section.
18 Oct 2007drilling progress report● Neutral
This is Pancontinental's announcement, not FAR's. It repeats the operator's report: Stokes Bay-1 reached 2,589 m in the Anderson, was deepened to 2,755 m, and lost mud returns in the Nullara. Pancontinental (10%) participates in the deepening.
18 Oct 2007drilling progress report▲ Good
This is ARC's announcement, not FAR's. Stokes Bay-1 hit its Anderson target at 2,589 m with elevated gas and minor oil shows, then was deepened to 2,755 m into the Nullara carbonates, where total mud loss occurred. FAR 8% joined the deepening.
18 Oct 2007drilling result▲ GoodMajor
FAR (8%) reports Stokes Bay-1 found gas and minor oil shows in the lower Anderson Formation. It joined the deepening to 2,755 m, where total mud loss indicates a porous, permeable zone. Logging and possible testing follow.
18 Oct 2007drilling progress report● Neutral
This is Empire's announcement, not FAR's. Empire reports oil and gas shows in two lower Anderson sands and wants to test them. It went non-consent on the deepening to the Nullara, calling that play very high risk.
11 Oct 2007drilling progress report● Neutral
FAR (8%) reports Stokes Bay-1 is at 1,841 m, preparing to drill ahead after a bit change. The well targets the Point Torment-1 gas accumulation, about 90 m updip of Valentine-1. No new results.
11 Oct 2007drilling progress report● Neutral
This is Empire's announcement, not FAR's. It summarises Valentine-1 as having excellent Anderson gas shows, possibly at the edge of the accumulation. Empire says deepening Stokes Bay-1 to the Nullara carbonates is under JV consideration.
11 Oct 2007drilling progress report● Neutral
This is Emerald's announcement, not FAR's. It repeats the operator's drilling report: Stokes Bay-1 at 1,841 m after a bit change and stuck pipe, no hydrocarbon indications. No new results.
11 Oct 2007drilling progress report● Neutral
This is ARC's announcement, not FAR's. Operator reports Stokes Bay-1 drilled to 1,841 m after a stuck-pipe incident and bit change, with no hydrocarbon indications. Planned depth is about 2,505 m.
11 Oct 2007drilling progress report● Neutral
This is Pancontinental's announcement, not FAR's. It repeats the operator's report that Stokes Bay-1 is at 1,841 m after a stuck-pipe incident and bit change. No new results.
4 Oct 2007drilling spud● Neutral
This is Empire's announcement, not FAR's. It repeats that Stokes Bay-1 spudded on 3 October and is at 1,226 m toward 2,505 m. Empire maps it about 150 m updip of the Valentine gas shows and sees possible oil as well as gas.
4 Oct 2007drilling spud▲ GoodMajor
Operator ARC reports Valentine-1 was plugged and Stokes Bay-1 was sidetracked on 3 October from 975 m; it is drilling at 1,226 m toward about 2,500 m. Target is about 90 m updip of the strong Valentine gas shows.
4 Oct 2007drilling spud▲ GoodMajor
FAR (8%) reports Stokes Bay-1 was sidetracked from Valentine-1 at 975 m on 3 October and is drilling ahead at 1,226 m toward about 2,500 m. It targets the gas accumulation found at Point Torment-1 in 1992 (4.3 mmcfd). FAR calls the Valentine shows very positive.
4 Oct 2007drilling spud● Neutral
This is Emerald's announcement, not FAR's. It repeats that Stokes Bay-1 was sidetracked on 3 October and is drilling at 1,226 m. Emerald says the target is about 100 m updip of the strong Valentine gas shows.
4 Oct 2007drilling spud● Neutral
This is Pancontinental's announcement, not FAR's. It repeats that Valentine-1 operations are complete and the Stokes Bay-1 sidetrack began on 3 October, planned to 2,500 m.
27 Sept 2007drilling progress report● Neutral
This is Empire's announcement, not FAR's. It repeats that Valentine-1 is being logged at 3,430 m. Empire says Stokes Bay-1 is 5.5 km along strike and 120-150 m updip of the Point Torment-1 discovery, which flowed 4.3 mmcfd.
27 Sept 2007drilling progress report● Neutral
This is Pancontinental's announcement, not FAR's. It repeats that Valentine-1 logging has begun at 3,430 m. Pancontinental looks forward to the Stokes Bay-1 sidetrack, citing the strong Anderson and Laurel gas shows.
27 Sept 2007drilling progress report● Neutral
This is ARC Energy's announcement, not FAR's. Valentine-1 at 3,430 m has finished hole conditioning and wireline logging is under way. No new results.
27 Sept 2007drilling progress report● Neutral
This is Emerald's announcement, not FAR's. It repeats the operator's report that Valentine-1 is at 3,430 m with wireline logging under way. No new results.
27 Sept 2007drilling progress report● Neutral
FAR (8%) reports Valentine-1 wireline logging is under way. It repeats that Stokes Bay-1 will be sidetracked from the wellbore to about 2,500 m. No new results.
25 Sept 2007drilling result● Neutral
This is Empire's announcement, not FAR's. It repeats that Valentine-1 reached final depth of 3,430 m. Empire says the strong Anderson and Fairfield gas shows significantly upgrade gas prospectivity at the updip Stokes Bay-1 location.
25 Sept 2007drilling result▼ Bad
This is Pancontinental's announcement, not FAR's. It repeats that Valentine-1 reached final depth of 3,430 m with tight Virgin Hills sandstones and no significant shows. Stokes Bay-1 sidetrack is to follow logging.
25 Sept 2007drilling result▼ BadMajor
FAR (8%) reports Valentine-1 final depth of 3,430 m, called for lack of porosity and significant hydrocarbon shows in the Virgin Hills target. It will be sidetracked as Stokes Bay-1 (about 2,500 m), tested via the 1992 Point Torment gas flow of 4.3 mmcfd.
25 Sept 2007drilling result▼ Bad
This is Emerald's announcement, not FAR's. It repeats the operator's report that Valentine-1 reached final depth of 3,430 m with tight Virgin Hills sandstones and no significant shows. Stokes Bay-1 sidetrack follows logging.
25 Sept 2007drilling result▼ BadMajor
Operator ARC called final depth on Valentine-1 at 3,430 m: the Virgin Hills target sandstones were tight with no significant porosity or hydrocarbons. The well will be sidetracked to Stokes Bay; operator calls the earlier Anderson and Laurel gas shows highly encouraging.
24 Sept 2007drilling progress report● Neutral
This is Emerald's announcement, not FAR's. It repeats the operator's report of Valentine-1 drilling ahead at 3,382 m after the top drive repair, in tight dolomites with minor gas. The Virgin Hills sandstones have not been reached.
24 Sept 2007drilling progress report● Neutral
This is Pancontinental's announcement, not FAR's. It repeats that Valentine-1 is drilling ahead below 3,382 m after rig repairs through hard interbedded rock. The Virgin Hills target sandstones are yet to be penetrated.
24 Sept 2007drilling progress report● Neutral
This is ARC Energy's announcement, not FAR's. Valentine-1 reached 3,377 m, then stopped for a top drive hydraulic breakdown, and was drilling again at 3,382 m. The porous Virgin Hills sandstones have not yet been intersected.
24 Sept 2007drilling progress report● Neutral
Valentine-1 (FAR 8%) is drilling ahead at 3,382 m after a brief top drive repair. Rock is mostly tight dolomite and the porous Virgin Hills sandstones have not yet been reached. No new results.
