20 Jan 2006drilling progress report▲ Good
Nearing the primary objective forecast at 6,060 ft (depth 5,978 ft). Preliminary core porosity of 0.1-0.4 darcy from 2,759 ft is called excellent, though from a short section only.
Past year: ▲ 0%(0.10c – 0.10c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
20 Jan 2006drilling progress report▲ Good
Nearing the primary objective forecast at 6,060 ft (depth 5,978 ft). Preliminary core porosity of 0.1-0.4 darcy from 2,759 ft is called excellent, though from a short section only.
19 Jan 2006drilling progress report▲ Good
Stability restored and the first Toledo sands entered from 5,445 ft, with peak gas of 10.1% at 5,561 ft and fluorescence suggesting heavier hydrocarbons. Depth 5,727 ft.
18 Jan 2006drilling progress report▼ Bad
Hole stability deteriorated again; crews are reaming and stabilising at 5,433 ft before drilling ahead. No new results.
17 Jan 2006drilling progress report● Neutral
Small oil shows found in sandstones at 5,210-5,318 ft; depth 5,417 ft, nearing the Toledo target from 5,440 ft. Final depth now put at about 6,200 ft, possibly earlier or deeper.
16 Jan 2006drilling progress report● Neutral
Nuevo Malolos-1 at 5,182 ft, crossing thin sands in mostly claystone, with gas peaks in each coarser interval. Main Toledo Formation target expected from 5,440 ft.
13 Jan 2006drilling progress report▲ Good
Strong gas shows (15.5% gas) at 3,900-3,940 ft, with heavier hydrocarbons the company says are indicative of condensate. Depth 4,175 ft; drilling continues toward about 6,560 ft.
12 Jan 2006drilling progress report▲ Good
Strong gas shows at 3,373 and 3,510 ft, matching gas sands in Malolos-1; depth 3,662 ft. Plan is to drill to about 6,560 ft, log, then run two or more drill stem tests.
11 Jan 2006drilling progress report▲ Good
Nuevo Malolos-1 at 3,091 ft with good gas shows (4.1% at 2,987 ft, 5% at 3,029 ft). Drilling ahead toward the next objective at 3,300 ft.
10 Jan 2006drilling progress report● Neutral
Cavings between 2,730 and 2,780 ft make hole conditions unfavourable for a retest, though peak gas of 6.77% was seen at 2,760 ft. The company plans a later straddle test once the hole stabilises; drilling continues at 2,895 ft.
9 Jan 2006well test result● Neutral
First drill stem test (2,745-2,773 ft) showed a strong initial blow and high pressure comparable to Malolos-1, recovering 185 ft of gas-cut mud, but cavings plugged the tool. Test aborted and to be rerun; well now at 2,800 ft.
6 Jan 2006drilling progress report● Neutral
Nuevo Malolos-1 is testing blow-out equipment at 2,420 ft before drilling ahead; first primary objective still expected over the weekend. No new results.
5 Jan 2006drilling progress report● Neutral
Nuevo Malolos-1 is waiting on cement at 2,420 ft after casing; the first primary objective is expected over the weekend. No new results.
4 Jan 2006drilling progress report▲ Good
Nuevo Malolos-1 at 2,420 ft; significant gas shows over a 93 ft interval (2,225-2,318 ft) match gas peaks seen in the 1960s Malolos-1. Casing is being run before the main targets, with coring and testing planned.
3 Jan 2006drilling progress report● Neutral
Day 7 of Nuevo Malolos-1 on Gas2Grid's 100%-owned SC44 licence, Cebu, Philippines: drilling at 1,914 ft, first main target at 2,691 ft not yet reached. Background restates 1960s Malolos-1 flows (17.6 mmscfd combined) and the Marubeni power deed.