20 Sept 2007drilling progress report● Neutral
Partner Empire repeats the operator's 20 September report: Valentine-1 at 3,241 m, Virgin Hills top now expected near 3,315 m. Duplicate of operator data.
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20 Sept 2007drilling progress report● Neutral
Partner FAR repeats the operator's Valentine-1 report (3,241 m, Virgin Hills now expected near 3,315 m) alongside updates on its Louisiana wells. Nothing new on Pancontinental's interest.
20 Sept 2007drilling progress report● Neutral
Operator ARC reports Valentine-1 at 3,241 m after a bit change. The top of the Virgin Hills target is now expected slightly deeper, about 3,315 m, which ARC calls not structurally significant.
17 Sept 2007drilling progress report● Neutral
Partner Emerald repeats the operator's report of Valentine-1 at 3,234 m in tight limestones with minor gas; Virgin Hills not yet reached. Duplicate of operator data.
17 Sept 2007drilling progress report● Neutral
Partner FAR repeats the operator's report of Valentine-1 drilling ahead at 3,234 m, Virgin Hills not yet reached, and restates the Stokes Bay-1 sidetrack plan. Duplicate of operator data.
17 Sept 2007drilling progress report● Neutral
Operator ARC reports Valentine-1 at 3,234 m on 17 September, drilling tight Devonian limestones with minor gas. The Virgin Hills target sandstones have not yet been reached.
17 Sept 2007drilling progress report● Neutral
Partner Empire repeats the operator's 17 September report: Valentine-1 at 3,234 m in tight Devonian limestones with minor gas; Virgin Hills sandstones not yet reached. Duplicate of operator data.
17 Sept 2007drilling progress report● Neutral
Pancontinental reports Valentine-1 at 3,234 m, drilling slowly through tight Devonian limestone with minor gas. Battrick says the Virgin Hills sandstones are not yet reached, though shallower shows were interesting.
13 Sept 2007drilling progress report● Neutral
Pancontinental reports Valentine-1 at 3,038 m with intermittent elevated gas through the Clanmeyer Formation. Battrick says its significance awaits logging at total depth. Virgin Hills target still ahead at about 3,222 m.
13 Sept 2007drilling progress report● Neutral
Operator ARC reports Valentine-1 at 3,038 m on 13 September, pulling out for a bit change. Elevated gas in the Clanmeyer Formation will be assessed after wireline logging at total depth.
13 Sept 2007admin correction● Neutral
ARC re-issues its 13 September Valentine-1 report only to correct the reporting time to 13 September. Depth of 3,038 m is unchanged.
13 Sept 2007drilling progress report● Neutral
Partner Emerald repeats the operator's 13 September report: Valentine-1 at 3,038 m, bit change, elevated Clanmeyer gas awaiting logging. Duplicate of operator data.
13 Sept 2007drilling progress report● Neutral
Partner Empire repeats the operator's report of Valentine-1 at 3,038 m with elevated gas in the Clanmeyer Formation, awaiting logging. Duplicate of operator data.
13 Sept 2007drilling progress report● Neutral
Partner FAR repeats the operator's report of Valentine-1 at 3,038 m, with elevated Clanmeyer gas pending logging. Duplicate of operator data.
10 Sept 2007drilling progress report● Neutral
Partner Empire repeats the operator's log findings: low hydrocarbon saturations in the Anderson sands, drilling at 2,695 m. Says the shows enhance Stokes Bay-1 prospectivity. Duplicate of operator data.
10 Sept 2007drilling progress report● Neutral
Partner FAR repeats the operator's 10 September report: logging done, low hydrocarbon saturations in Anderson sands, drilling at 2,695 m. Duplicate of operator data.
10 Sept 2007drilling result● Neutral
Operator ARC reports logs show porous Lower Anderson sands (2,100-2,260 m) with low hydrocarbon saturations, including the strong gas-show zone. Well deepened to 2,695 m toward Virgin Hills; ARC calls results encouraging for Stokes Bay-1. Fresh elevated gas not yet evaluated.
10 Sept 2007drilling progress report● Neutral
Partner Emerald repeats the operator's log results but is more cautious: low hydrocarbon saturations suggest the shows are likely residual hydrocarbons. Drilling at 2,695 m toward Virgin Hills.
10 Sept 2007drilling progress report● Neutral
Pancontinental reports the operator's preliminary logs show low hydrocarbon saturation in the 2,240-2,260 m gas-show zone, so the Anderson test moves to Stokes Bay-1. Battrick says the deeper Laurel shales need further evaluation. Drilling at 2,695 m.
6 Sept 2007drilling progress report● Neutral
Partner Emerald repeats the operator's 6 September report: Valentine-1 at 2,589 m, wireline logging under way. No results yet. Duplicate of operator data.
6 Sept 2007drilling progress report● Neutral
Partner Empire repeats that wireline logs have been run in Valentine-1 at 2,589 m and interpretation of the gas readings is under way. No results yet.
6 Sept 2007drilling progress report● Neutral
Partner FAR repeats the operator's report of wireline logging at 2,589 m in Valentine-1, plus well background and the Stokes Bay-1 sidetrack plan. Nothing new for Pancontinental.
6 Sept 2007drilling progress report● Neutral
Operator ARC reports Valentine-1 is wireline logging the 808-2,589 m interval on 6 September, with no new depth drilled. The earlier gas readings are being evaluated; no results yet.
4 Sept 2007drilling progress report▲ Good
Pancontinental reports six gas-show zones between about 2,250 and 2,470 m in Valentine-1, outside the primary target. Battrick calls it very encouraging and wants urgent logging before deepening; the main target is about a week away.
4 Sept 2007drilling progress report● Neutral
Partner Emerald repeats the operator's report of Valentine-1 at 2,589 m with additional elevated gas readings, a wiper trip under way before wireline logging. Duplicate of the operator's data.
4 Sept 2007drilling progress report▲ Good
Operator ARC reports Valentine-1 at 2,589 m with five more elevated gas readings between 2,295 and 2,470 m. A wiper trip is under way before wireline logging to judge their significance.
4 Sept 2007drilling progress report● Neutral
Partner Empire repeats the five additional gas readings in Valentine-1 at 2,589 m and says wireline logs will assess them. Restates its 1,200 BCF gas and up to 200 million barrel estimates for the main target.
30 Aug 2007drilling progress report▲ Good
Operator ARC reports Valentine-1 at 2,340 m on 30 August. Elevated gas readings appeared over 2-3 m at about 2,250 m in the Anderson Formation; their significance awaits logging at total depth.
30 Aug 2007drilling progress report● Neutral
Partner FAR repeats the Valentine-1 gas readings at 2,340 m. The rest covers FAR's Texas well, where a test recovered oil but a sidetrack is planned, and a Louisiana well selling oil. Nothing new for Pancontinental.
30 Aug 2007drilling progress report● Neutral
Partner Empire repeats the operator's Valentine-1 report: 2,340 m, with elevated gas over 2-3 m at about 2,250 m, significance to be determined after logging. Duplicate of operator data.