31 July 2012 quarterly activities report ● Neutral
June quarter report recaps the Moreys-1 tight gas and condensate discovery and Holdgate-1 (2,752m, tight gas intervals under evaluation). Armour's $4.25m Holdgate spend earned 25% of PEP 166. Beach plans Wombat-4 and Boundary Creek-2 fracturing in late 2012. Mostly previously known.
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13 July 2012 drilling result ● Neutral Major
Holdgate-1 was logged, plugged and the rig released at 2,752m. Continuous gas readings across large Strzelecki intervals were described as typical of a tight gas well, with carbonaceous shale cores sent to the lab. No flow test; full assessment of tight gas potential to follow.
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13 July 2012 drilling result ● Neutral
Armour's re-release of the Holdgate-1 result: 2,752m, logged and plugged, rig released, tight-gas-type gas readings through the Strzelecki. Duplicates Lakes' 13 July update.
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3 July 2012 drilling result ● Neutral
Holdgate-1 reached total depth of 2,752m and drilling stopped, short of the revised 2,800m. Logging and a seismic profile come next, then the partners will assess Strzelecki unconventional potential and a possible lateral well zone. Armour funded the well.
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3 July 2012 drilling result ● Neutral
Armour's re-release: Holdgate-1 reached total depth of 2,752m; logging and seismic profile to follow. Duplicates Lakes' 3 July update.
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2 July 2012 drilling progress report ● Neutral
Holdgate-1 was at 2,730m and drilling ahead toward the revised 2,800m. No new result.
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2 July 2012 drilling progress report ● Neutral
Armour's re-release: Holdgate-1 at 2,730m and drilling ahead toward revised 2,800m total depth unless basement is hit earlier. Duplicates Lakes' 2 July update.
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29 June 2012 drilling progress report ● Neutral
Holdgate-1 was at 2,577m and drilling ahead toward the revised 2,800m. No new result.
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29 June 2012 drilling progress report ● Neutral
Armour's re-release: Holdgate-1 at 2,577m and drilling ahead toward revised 2,800m. Duplicates Lakes' update.
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28 June 2012 drilling progress report ● Neutral
Armour's re-release: Holdgate-1 at 2,518m and drilling ahead toward revised 2,800m. Duplicates Lakes' update.
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28 June 2012 drilling progress report ● Neutral
Holdgate-1 was at 2,518m and drilling ahead toward the revised 2,800m. No new result.
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27 June 2012 drilling progress report ● Neutral
Armour's re-release: Holdgate-1 at 2,448m and drilling ahead toward revised 2,800m. Duplicates Lakes' update.
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27 June 2012 drilling progress report ● Neutral
Holdgate-1 was at 2,448m and drilling ahead, resumed after the mechanical difficulties, toward the revised 2,800m. No new result.
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26 June 2012 drilling progress report ▼ Bad
Armour's re-release: Holdgate-1 at 2,405m after mechanical difficulties; drilling expected to resume within hours toward a revised 2,800m total depth. Duplicates Lakes' update.
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26 June 2012 drilling progress report ▼ Bad
Holdgate-1 at 2,405m hit mechanical difficulties; drilling was expected to resume within hours. Proposed total depth was extended from 2,500m to 2,800m. No new result.
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25 June 2012 drilling progress report ● Neutral
Armour's re-release: Holdgate-1 at 2,394m and drilling ahead. Duplicates Lakes' update.
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25 June 2012 drilling progress report ● Neutral
Holdgate-1 was at 2,394m and drilling ahead toward a proposed 2,500m. No new result.
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22 June 2012 drilling progress report ● Neutral
Holdgate-1 was at 2,368m and drilling ahead. No new result.
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22 June 2012 drilling progress report ● Neutral
Armour's re-release: Holdgate-1 at 2,368m and drilling ahead. Duplicates Lakes' update.
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21 June 2012 drilling progress report ● Neutral
Armour's re-release: Holdgate-1 at 2,270m and drilling ahead. Duplicates Lakes' update.
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21 June 2012 drilling progress report ● Neutral
Holdgate-1 was at 2,270m and drilling ahead. No new result.
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20 June 2012 drilling progress report ● Neutral
Armour's re-release: Holdgate-1 at 2,190m and drilling ahead. Duplicates Lakes' update.
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20 June 2012 drilling progress report ● Neutral
Holdgate-1 was at 2,190m and drilling ahead. No new result.
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19 June 2012 drilling progress report ● Neutral
Armour's re-release: Holdgate-1 at 2,146m and drilling ahead. Duplicates Lakes' update.
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19 June 2012 drilling progress report ● Neutral
Holdgate-1 was at 2,146m and drilling ahead. No new result.
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18 June 2012 drilling progress report ● Neutral
Armour's re-release: Holdgate-1 at 2,125m and drilling ahead toward a proposed 2,500m. Duplicates Lakes' update.
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18 June 2012 drilling progress report ● Neutral
Holdgate-1 was at 2,125m and drilling ahead toward a proposed 2,500m. No new result.
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15 June 2012 drilling progress report ● Neutral
Holdgate-1 was at 1,894m and drilling ahead toward a proposed 2,500m. No new result.
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15 June 2012 drilling progress report ● Neutral
Armour's re-release: Holdgate-1 at 1,894m and drilling ahead. Duplicates Lakes' update.
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14 June 2012 drilling progress report ● Neutral
Holdgate-1 was at 1,802m and drilling ahead toward a proposed 2,500m. No new result.
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