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.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
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.
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.
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 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.