20 Mar 2013drilling progress report● Neutral
Yallourn Power-1 is at 590m, coring ahead. Coring is slower than expected because the rock is fairly fractured. No result yet.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
18 Feb 2013drilling progress report● Neutral
Yallourn Power-1 is at 454m with casing cemented. The drilling rig is being swapped for a coring rig, with coring due to start early next week. Planned depth is 1,200m. No result yet.
16 Jan 2013drilling progress report● Neutral
Duplicate of the same-day Yallourn Power-1 update: 166m depth, 1,200m target, no result yet.
16 Jan 2013drilling progress report● Neutral
Yallourn Power-1 was at 166m, drilling to about 450m before the coring rig comes in. Planned depth is 1,200m, about 40 days. Spud was 19 December 2012, with a holiday pause. No result yet.
20 Dec 2012drilling spud▲ GoodMajor
Yallourn Power-1 corehole in PEP 166 spudded, targeting 1,200–1,500m to test the thickness of the oil-bearing carbonaceous Rintouls Creek Formation. Lakes calls it a potential game changer. It is Lakes' third Victorian well in eight months, under the 75:25 Armour joint venture.
6 Dec 2012drilling scheduled● Neutral
Rig is mobilising to drill Yallourn Power-1, a stratigraphic corehole in PEP 166 (Lakes 75%, Armour 25%). It tests whether thicker oil source rock sits deeper in the Gippsland Basin than at Yallourn North 1A. This is the planned core hole from earlier.
13 July 2012drilling result● NeutralMajor
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.
13 July 2012drilling 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.
3 July 2012drilling 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.
3 July 2012drilling 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.
2 July 2012drilling progress report● Neutral
Holdgate-1 was at 2,730m and drilling ahead toward the revised 2,800m. No new result.
2 July 2012drilling 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.
29 June 2012drilling progress report● Neutral
Holdgate-1 was at 2,577m and drilling ahead toward the revised 2,800m. No new result.
29 June 2012drilling progress report● Neutral
Armour's re-release: Holdgate-1 at 2,577m and drilling ahead toward revised 2,800m. Duplicates Lakes' update.
28 June 2012drilling progress report● Neutral
Armour's re-release: Holdgate-1 at 2,518m and drilling ahead toward revised 2,800m. Duplicates Lakes' update.
28 June 2012drilling progress report● Neutral
Holdgate-1 was at 2,518m and drilling ahead toward the revised 2,800m. No new result.
27 June 2012drilling progress report● Neutral
Armour's re-release: Holdgate-1 at 2,448m and drilling ahead toward revised 2,800m. Duplicates Lakes' update.
27 June 2012drilling 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.
26 June 2012drilling 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.
26 June 2012drilling 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.
25 June 2012drilling progress report● Neutral
Armour's re-release: Holdgate-1 at 2,394m and drilling ahead. Duplicates Lakes' update.
25 June 2012drilling progress report● Neutral
Holdgate-1 was at 2,394m and drilling ahead toward a proposed 2,500m. No new result.
22 June 2012drilling progress report● Neutral
Holdgate-1 was at 2,368m and drilling ahead. No new result.
22 June 2012drilling progress report● Neutral
Armour's re-release: Holdgate-1 at 2,368m and drilling ahead. Duplicates Lakes' update.
21 June 2012drilling progress report● Neutral
Armour's re-release: Holdgate-1 at 2,270m and drilling ahead. Duplicates Lakes' update.
21 June 2012drilling progress report● Neutral
Holdgate-1 was at 2,270m and drilling ahead. No new result.
20 June 2012drilling progress report● Neutral
Armour's re-release: Holdgate-1 at 2,190m and drilling ahead. Duplicates Lakes' update.
20 June 2012drilling progress report● Neutral
Holdgate-1 was at 2,190m and drilling ahead. No new result.
19 June 2012drilling progress report● Neutral
Armour's re-release: Holdgate-1 at 2,146m and drilling ahead. Duplicates Lakes' update.
19 June 2012drilling progress report● Neutral
Holdgate-1 was at 2,146m and drilling ahead. No new result.