Past year: ▼ 22%(28.0c – 62.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
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.
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 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.
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.
23 Nov 2007drilling progress report● Neutral
FAR (8%) reports Stokes Bay-1 swabbing has recovered 3,644 barrels, about 29% of the roughly 12,400 barrels of fluid lost. Heavy rain suspended work. The reservoir fluid type and the source of pressure are still undetermined.
23 Nov 2007drilling progress report● Neutral
This is Emerald's announcement, not FAR's. It repeats the operator's report that Stokes Bay-1 swabbing has recovered 3,644 barrels (29% of lost fluid) and work is suspended for rain. The reservoir fluid is still undetermined.
23 Nov 2007drilling spud● Neutral
Schwing #2 (South Grosse Tete) has spudded, a 14,500 ft gas test costing about US$6m over 52 days. FAR holds 5% to 14,500 ft and keeps 17.7% below that. It follows the dry Schwing A-1.
20 Nov 2007drilling progress report▲ Good
Several US updates: Lake Long SL 328 #9 now flows about 3.36 mmcfd plus 78 barrels of condensate a day; Lindsey 109A #1R started oil at 136 bopd (FAR 4.64%); a Kicker sidetrack is planned. Schwing #2 rig is on location.
15 Nov 2007drilling progress report● Neutral
This is Pancontinental's announcement, not FAR's. It repeats the operator's report that Stokes Bay-1 testing restarted 14 November and the first flow attempt failed, with swabbing to follow. It adds that similar wells can take up to 30 days of flow.
15 Nov 2007drilling progress report● Neutral
This is Empire's announcement, not FAR's. It repeats the operator's report that Stokes Bay-1 testing restarted 14 November, the first flow attempt was unsuccessful, and swabbing equipment is being mobilised.
15 Nov 2007drilling progress report● Neutral
FAR (8%) reports Stokes Bay-1 testing restarted 14 November, but the first attempt to flow the well failed and swabbing equipment is being mobilised. Pressure readings were described as encouraging; the fluid type remains unknown.
15 Nov 2007drilling progress report● Neutral
This is Emerald's announcement, not FAR's. It repeats the operator's report that Stokes Bay-1 testing resumed 14 November, the first flow attempt failed, and swabbing equipment is being brought in.
15 Nov 2007drilling progress report● Neutral
This is ARC's announcement, not FAR's. Testing at Stokes Bay-1 restarted 14 November with a small crew, but the first attempt to flow the well failed and swabbing equipment is being brought in. Pressure data gave some encouragement; clean-up may take time.
7 Nov 2007drilling progress report● Neutral
This is Pancontinental's announcement, not FAR's. It repeats the operator's report that the rig was released from Stokes Bay-1 on 6 November, with testing to resume in one to two weeks. Fluids recovered still appear to be drilling mud.
6 Nov 2007drilling progress report● Neutral
This is ARC's announcement, not FAR's. The operator released the drilling rig from Stokes Bay-1 on 6 November; testing is expected to resume in one to two weeks. About 24% of the 12,000 barrels of lost drilling fluid is recovered, with no formation fluid identified.
6 Nov 2007drilling progress report● Neutral
This is Empire's announcement, not FAR's. It repeats the operator's report that the rig was released from Stokes Bay-1 on 6 November and testing should resume in one to two weeks. About 24% of the 12,000 barrels of lost fluid is recovered.
