Past year: ▲ 800%(0.30c – 10.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
18 Dec 2007drilling result▼ BadMajor
Queensdale East 3-11 reached 1,400 m. Shows over 1,179-1,187 m, but the well swabbed almost 100% salty water with only traces of oil, so it was plugged and abandoned. Fall River paid 25% of costs. Dry hole for this small Saskatchewan farm-in.
27 Nov 2007drilling spud● Neutral
The Queensdale East well, operated by Texalta, began drilling and was at 850 m on 25 November. Kisbey target expected near 1,170 m, Lodgepole near 1,350 m, total depth 1,440 m. Fall River pays 25% of cost. Follows the slipped start.
18 Oct 2007drilling scheduled● Neutral
Queensdale South well, operated by Texalta, is now scheduled to start drilling about 1 November 2007, to about 1,440 m. Cost is C$450,000, of which Fall River pays C$112,500, targeting up to 1 million barrels. Slips from the October start earlier planned.
2 Oct 2007drilling progress report● Neutral
Victoria repeats that West Florence-1 swabbing is done and a pump will go in during October to produce oil from the Codell. A further well is being planned. Nothing new for Fall River.
1 Oct 2007drilling progress report▲ Good
Swabbing at West Florence-1 has finished, recovering oil and water from four zones between 5400 and 5700 ft. A pump will be installed in October to start production, and the joint venture is planning a further well.
13 Sept 2007farm in farm out agreement▲ GoodMajor
Fall River farms into the South Queensdale oil prospect in Saskatchewan: 25% before payout, 15% after, for 25% of well costs (C$112,500). Operator estimates up to 1 million barrels; well planned for October 2007. A small new Canadian oil interest.
25 July 2007drilling progress report● Neutral
Fall River repeats the operator's news that production testing is starting at West Florence-1 across three gas zones, with 9.1 m net gas pay interpreted. Fall River holds 15% in the original 12,000 acres. Duplicates the Victoria release.
24 July 2007drilling progress report● Neutral
A rig is on site at West Florence-1 to test three zones between 1,861 and 1,879 m, holding a total of 9.1 m net gas pay by log interpretation. The oil-bearing shales will not be tested in this program.
26 June 2007drilling scheduled▲ Good
Fall River's version of the operator news: West Florence-1 testing is planned for late July 2007, with 7.6 m net gas pay interpreted from logs. Fall River can earn up to 10.5% of 13,000 extra acres, on top of its 15% of the original 12,000 acres.
25 June 2007drilling scheduled▲ Good
Victoria Petroleum reports West Florence-1 testing planned for the third week of July 2007. Wireline logs show 7.6 m net gas pay in a 53 m show interval. The joint venture also secured rights to earn up to 70% of 13,000 more acres, doubling the area to 25,000 acres.
1 June 2007drilling progress report● Neutral
Victoria Petroleum's repeat: West Florence-1 cased at 1,956 metres, with log analysis continuing to select zones to test. No new result.
1 June 2007drilling progress report● Neutral
West Florence-1 has 4½ inch production casing set at 1,956 metres. Log analysis continues to pick zones to test through casing. No test result yet; casing suggests the operator sees potential (inference).
30 May 2007drilling result● Neutral
Fall River's version of the 29 May report: West Florence-1 at 1,957 metres total depth, logs run, hydrocarbon shows seen while drilling and under evaluation. Fall River holds 15%. Duplicates the operator news.
29 May 2007drilling result● NeutralMajor
West Florence-1 reached 1,957 metres total depth, short of the planned 2,134 metres, and wireline logs were run. Hydrocarbon shows were seen while drilling; their significance is still being evaluated. Not yet a discovery.
25 May 2007drilling progress report● Neutral
Victoria Petroleum's repeat of 1,781 metres for West Florence-1. Its partner table now shows Victoria at 25% and a 'Private American Interest' at 15%, with Mountain's 40% no longer listed as such. This is unexplained in the text.
25 May 2007drilling progress report● Neutral
Fall River reports West Florence-1 drilling ahead at 1,781 metres, just short of the Muddy J target at about 1,800 metres. No new result.
24 May 2007drilling progress report● Neutral
Victoria Petroleum reports West Florence-1 at 1,730 metres on 24 May, approaching the Muddy J at about 1,800 metres. No new result.
24 May 2007drilling progress report● Neutral
Fall River's repeat of the 24 May report: West Florence-1 drilling ahead at 1,730 metres. No new result.
23 May 2007drilling progress report● Neutral
Victoria Petroleum reports West Florence-1 at 1,658 metres on 23 May, with the Muddy J target still about 140 metres deeper. No new result.
23 May 2007drilling progress report● Neutral
Fall River's repeat of the 23 May report: West Florence-1 drilling ahead at 1,658 metres. No new result.
21 May 2007drilling progress report● Neutral
Victoria Petroleum reports West Florence-1 at 1,343 metres on 21 May, little progress from 1,334 metres. No new result.
18 May 2007drilling progress report● Neutral
Victoria Petroleum reports West Florence-1 drilling ahead at 1,334 metres on 18 May. No new result.
18 May 2007drilling progress report● Neutral
Fall River reports West Florence-1 at 1,334 metres and now labels the 100-200 bcf gas and up to 15 million barrels of oil as prospective resources, with no certainty they are present. No new result.
17 May 2007drilling progress report● Neutral
Victoria Petroleum reports West Florence-1 drilling ahead at 1,306 metres. No new result.
15 May 2007drilling progress report● Neutral
Fall River's version of the 14 May report: West Florence-1 drilling ahead at 1,237 metres. No new result.
15 May 2007drilling progress report● Neutral
Victoria Petroleum reports West Florence-1 drilling ahead at 1,295 metres. No new result.
14 May 2007drilling progress report● Neutral
Victoria Petroleum reports West Florence-1 drilling ahead at 1,237 metres on 14 May. No new result.
11 May 2007drilling progress report● Neutral
Victoria Petroleum reports West Florence-1 drilling ahead at 1,170 metres, against a 2,134 metre target. No new result.
11 May 2007drilling progress report● Neutral
Fall River's own report that West Florence-1 was drilling ahead at 1,170 metres; the Muddy J is expected near 1,800 metres. Fall River holds 15%. No new result.
10 May 2007drilling progress report● Neutral
West Florence-1 drilling ahead at 1,078 metres. The operator's potential estimate is restated as 100-200 bcf of gas plus about 15 million barrels of oil combined across three formations, on the whole 12,000 acres, if present. No new result.
