Past year: ▼ 22%(28.0c – 62.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
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 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.
30 Aug 2007drilling progress report● Neutral
This is Emerald'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 awaiting logging. No new results.
30 Aug 2007drilling progress report● Neutral
This is ARC Energy's announcement, not FAR's. Valentine-1 is drilling at 2,340 m. Elevated gas readings over 2-3 m near 2,250 m are in a non-primary zone, and their significance awaits logging at total depth.
30 Aug 2007drilling result● NeutralMajor
Lindsey 109A #1R (FAR 4.64%) reached 12,280 ft and tested oil with no water over a 6 ft net interval, but permeability is low. A sidetrack nearer the 1997 discovery well is planned and FAR will participate. Kicker's Marceaux #1 (FAR 5%) began oil sales, about 4,500 barrels in 6 days.
30 Aug 2007drilling progress report● Neutral
This is Pancontinental's announcement, not FAR's. It repeats the gas show near 2,250 m in Valentine-1 and says the primary target is 4-5 days away if drilling rates hold. It calls the show encouraging, as it is not the primary target.
23 Aug 2007drilling progress report● Neutral
This is Empire's announcement, not FAR's. Valentine-1 is at 1,566 m in a section where no hydrocarbons are expected. Empire repeats its estimates of up to 1,200 BCF of gas or 200 million barrels of oil.
23 Aug 2007drilling progress report● Neutral
This is ARC Energy's announcement, not FAR's. Valentine-1 has 9 5/8 inch casing set at 808 m and is drilling ahead at 1,566 m. No hydrocarbon indications reported.
23 Aug 2007drilling progress report● Neutral
Lindsey 109A #1R (FAR 4.64%) reached 12,280 ft, with logs and an open hole drill stem test planned within 24 hours. Kicker's Marceaux #1 (FAR 5%) is being fracture treated and is unloading fluid. Valentine-1 is drilling at 1,566 m.
23 Aug 2007drilling progress report● Neutral
This is Emerald's announcement, not FAR's. It repeats the Valentine-1 drilling report: drilling ahead at 1,566 m, with no hydrocarbon indications. No new results.
23 Aug 2007drilling progress report● Neutral
This is Pancontinental's announcement, not FAR's. Valentine-1 (FAR 8%) is drilling at 1,566 m, with the target about 3,222 m. Pancontinental says the well is on trajectory and close to its 25-day timeline.
16 Aug 2007drilling progress report● Neutral
This is Emerald's announcement, not FAR's. It repeats the Valentine-1 drilling report: 644 m, drilling ahead, no hydrocarbon indications. No new results.
16 Aug 2007drilling progress report● Neutral
Lindsey 109A #1R (FAR 4.64%) is drilling at 11,425 ft toward 12,300 ft. Valentine-1 (FAR 8%) is drilling at 644 m, with no hydrocarbon indications. No new results.
16 Aug 2007drilling progress report● Neutral
This is Pancontinental's announcement, not FAR's. Valentine-1 (FAR 8%) is drilling ahead at 644 m, with 13 3/8 inch casing set at 112 m. No hydrocarbon indications.
16 Aug 2007drilling progress report● Neutral
This is Empire Oil & Gas's announcement, not FAR's. It repeats the operator's report of Valentine-1 drilling ahead at 644 m with no hydrocarbon indications. No new results.
16 Aug 2007drilling progress report● Neutral
This is ARC Energy's announcement, not FAR's. As operator it reports Valentine-1 drilling ahead at 644 m with no hydrocarbon indications. No new results.
13 Aug 2007drilling spud● Neutral
This is Pancontinental's announcement, not FAR's. It repeats that Valentine-1 spudded 12 August, with Stokes Bay-1 to be sidetracked afterwards. FAR's final interest is 8%. Same news as the FAR, ARC, Empire and Emerald releases.
13 Aug 2007drilling spud● NeutralMajor
This is Empire Oil & Gas's announcement, not FAR's. Valentine-1 in the Canning Basin spudded 12 August (FAR 8%), ARC operator. The well targets up to 200 million barrels, and Stokes Bay-1 will be sidetracked from it afterwards. This starts the July-programme wells FAR flagged.
13 Aug 2007drilling spud● Neutral
This is Emerald's announcement, not FAR's. It repeats that Valentine-1 spudded 12 August, with Stokes Bay-1 to follow by sidetrack. FAR holds 8% after the farm-in earning program. No new well results.
