Past year: ▼ 22%(28.0c – 62.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
24 Sept 2007drilling progress report● Neutral
This is Empire's announcement, not FAR's. It repeats the operator's report of Valentine-1 drilling ahead at 3,382 m after a top drive repair. The porous Virgin Hills sandstones have not yet been intersected.
20 Sept 2007drilling progress report● Neutral
This is Empire's announcement, not FAR's. It repeats the operator's report of Valentine-1 at 3,241 m. The Virgin Hills target is now expected at about 3,315 m, deeper than the earlier 3,222 m.
20 Sept 2007drilling progress report● Neutral
This is ARC Energy's announcement, not FAR's. Valentine-1 is at 3,241 m after a bit change. The Virgin Hills top is now expected deeper, at about 3,315 m, which the operator says is not structurally significant.
20 Sept 2007production update▲ GoodMajor
Lake Long SL 328 #9 (FAR 10.1875%) began production at 1.825 mmcfd plus 50 bc/d on a restricted choke; the operator plans 4 mmcfd. Kicker Marceaux #1 (FAR 5%) went to sales 14 September but sanded up; coiled tubing cleanout is being mobilised.
17 Sept 2007drilling progress report● Neutral
This is Emerald's announcement, not FAR's. It repeats Valentine-1 at 3,234 m in tight Devonian limestones with minor gas. The Virgin Hills target has not yet been reached.
17 Sept 2007drilling progress report● Neutral
This is Empire's announcement, not FAR's. It repeats the operator's report of Valentine-1 drilling ahead at 3,234 m through tight limestones with minor gas. The Virgin Hills target is not yet reached.
17 Sept 2007drilling progress report● Neutral
Valentine-1 (FAR 8%) is drilling ahead at 3,234 m. The Virgin Hills target has not yet been intersected. No new results.
17 Sept 2007drilling progress report● Neutral
This is Pancontinental's announcement, not FAR's. It repeats Valentine-1 at 3,234 m in tight limestone and claystone with minor gas. It says the porous Virgin Hills sandstones have not yet been reached.
17 Sept 2007drilling progress report● Neutral
This is ARC Energy's announcement, not FAR's. Valentine-1 is drilling ahead at 3,234 m through tight limestones with only minor gas. The Virgin Hills target has not yet been reached.
13 Sept 2007admin correction● Neutral
This is ARC Energy's announcement, not FAR's. It corrects the reporting time on its 13 September Valentine-1 report to 0600 hrs on 13 September from 10 September. The well data is unchanged at 3,038 m.
13 Sept 2007drilling progress report● Neutral
Valentine-1 (FAR 8%) is at 3,038 m, pulling out for a bit change, still heading for the Virgin Hills target. Gas readings in the Clanmeyer Formation are unevaluated until logging at total depth. Stokes Bay-1 follows.
13 Sept 2007drilling progress report● Neutral
This is Empire's announcement, not FAR's. It repeats the operator's report of Valentine-1 at 3,038 m with a bit change under way. Empire says it will give details of further elevated gas readings between 2,695 and 3,038 m.
13 Sept 2007drilling progress report● Neutral
This is Pancontinental's announcement, not FAR's. It repeats Valentine-1 at 3,038 m with a bit change. It says elevated gas readings continue intermittently, with their significance to be judged after final logging.
13 Sept 2007drilling progress report● Neutral
This is Emerald's announcement, not FAR's. It repeats the operator's report of Valentine-1 at 3,038 m, pulling out for a bit change. Gas readings remain unevaluated. No new results.
13 Sept 2007drilling progress report● Neutral
This is ARC Energy's announcement, not FAR's. Valentine-1 is at 3,038 m, pulling out for a bit change, still drilling toward the Virgin Hills target at 3,222 m. Elevated gas readings are repeated; significance awaits final logging.
10 Sept 2007drilling progress report● Neutral
This is Empire's announcement, not FAR's. It repeats the operator's finding of low hydrocarbon saturations in Valentine-1's Anderson sands, which it says enhance Stokes Bay-1's prospects. Drilling continues at 2,695 m.
10 Sept 2007drilling progress report● Neutral
This is Emerald's announcement, not FAR's. It says Valentine-1 logs show low hydrocarbon saturations and the gas shows are likely residual hydrocarbons. Drilling continues at 2,695 m toward the primary target.
10 Sept 2007drilling progress report● Neutral
This is Pancontinental's announcement, not FAR's. It reports low hydrocarbon saturations in Valentine-1's Anderson sands and drilling at 2,695 m. It says the deeper Laurel gas shows need further evaluation in Stokes Bay-1.
10 Sept 2007half year report▼ Bad
Half-year to 30 June 2007: loss A$1.80m (prior A$1.36m); North American oil and gas revenue A$847k, down 53%. Four wells drilled, all called successful. China development plan due to Chinese authorities before year end; Kicker production expected 2H 2007.
10 Sept 2007drilling result● Neutral
This is ARC Energy's announcement, not FAR's. Logs show porous Lower Anderson sands (15%) with low hydrocarbon saturations, including the strong gas-show zone at 2,240-2,260 m. The operator calls this encouraging for the Stokes Bay-1 sidetrack. Drilling has resumed, now at 2,695 m toward the 3,222 m target.
10 Sept 2007drilling result● Neutral
Valentine-1 (FAR 8%) logging found porous Anderson sands (15%) but low hydrocarbon saturations. The operator says this supports the Stokes Bay-1 sidetrack. The well is deepening at 2,695 m toward the 3,222 m Virgin Hills target.
6 Sept 2007drilling progress report● Neutral
Valentine-1 (FAR 8%) is at 2,589 m, wireline logging 808 to 2,589 m after the gas shows. Stokes Bay-1 is still to be sidetracked afterwards. No new results.
6 Sept 2007drilling progress report● Neutral
This is Emerald's announcement, not FAR's. It repeats the operator's report that Valentine-1 is at 2,589 m and being wireline logged. No new results.
6 Sept 2007drilling progress report● Neutral
This is Empire's announcement, not FAR's. Wireline logs have been run in Valentine-1 and interpretation is under way. No results yet.
6 Sept 2007drilling progress report● Neutral
This is ARC Energy's announcement, not FAR's. Valentine-1 remains at 2,589 m while wireline logging runs over 808 to 2,589 m. The gas shows are still being evaluated.
4 Sept 2007drilling progress report● Neutral
This is ARC Energy's announcement, not FAR's. Valentine-1 is at 2,589 m, with five further elevated gas readings between 2,295 and 2,470 m. A wiper trip precedes intermediate logging to judge their significance.
4 Sept 2007drilling progress report● Neutral
This is Empire's announcement, not FAR's. It reports Valentine-1 at 2,589 m with five more elevated gas readings, pending logging. It repeats Empire's estimates of 1,200 BCF of gas or up to 200 million barrels of oil.
4 Sept 2007drilling progress report● Neutral
This is Emerald's announcement, not FAR's. It repeats the operator's 4 September Valentine-1 report: 2,589 m, five more elevated gas readings, wiper trip before logging. No new results.
4 Sept 2007drilling progress report● Neutral
This is Pancontinental's announcement, not FAR's. It repeats the six gas shows between about 2,250 and 2,470 m in Valentine-1. It calls them encouraging, and says the primary target is about a week away.
30 Aug 2007drilling progress report● Neutral
This is Empire's announcement, not FAR's. It repeats the operator's Valentine-1 report: drilling at 2,340 m, with a minor gas show near 2,250 m whose significance awaits logging.
