10 May 2007drilling progress report● Neutral
Partner Victoria Petroleum repeats that West Florence-1 was drilling ahead at 1,078 metres on 10 May. No new result; duplicates the earlier Fall River and operator update.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
9 May 2007drilling progress report● Neutral
Partner Victoria Petroleum's repeat of the 9 May report: West Florence-1 drilling ahead at 904 metres. No new result.
9 May 2007drilling progress report● Neutral
West Florence-1 drilling ahead at 904 metres against a 2,134 metre target, with the Muddy J expected near 1,800 metres. No new result.
8 May 2007drilling spud▲ GoodMajor
Fall River confirms West Florence-1 (the Slanovich 32-23 well) began drilling on 3 May 2007 and was at 502 metres. Target depth is 2,134 metres, with the Muddy J sandstone at about 1,800 metres. Fall River holds 15%.
8 May 2007drilling progress report● Neutral
Partner Victoria Petroleum's report that West Florence-1 was drilling ahead at 684 metres. No new result; duplicates the operator update.
7 May 2007drilling spud● Neutral
Victoria Petroleum, a West Florence partner, reports the operator spudded West Florence-1 on 3 May 2007, drilling at 502 metres. It lists Fall River at 15% in this release. Duplicates Fall River's own announcement.
12 Apr 2007drilling scheduled● Neutral
Slanovich 32-23 at West Florence, Colorado is planned to spud early May 2007 to about 7,000 ft, targeting the Muddy J sandstone. Fall River's 15% share is budgeted at US$137,723 of US$918,154, below the earlier US$165,000 estimate. Operator estimates 100-200 bcf potential.
31 Jan 2007farm in farm out agreement▲ GoodMajor
Fall River gets a 15% interest in 12,000 acres at West Florence, Colorado, with operator Mountain Energy. It will join the Slanovich 32-23 well around May 2007, with its share at US$165,000. Company estimates 100-200 bcf potential.
13 Sept 2006drilling progress report● Neutral
Fracture stimulation at Sprowl 6-14 completed; production rate to be tested after clean-up. No flow rate yet.
6 Sept 2006drilling progress report● Neutral
Workover rig on site at Sprowl 6-14; perforating is complete and the fracture stimulation program is about to start. Four wells still producing.
30 Aug 2006drilling scheduled● Neutral
Sixth Sprowl well, Sprowl 5-14, expected to spud mid-September 2006, targeting Red Fork Sandstone at about 10,600 ft. Fall River holds 20%; fifth well still awaits completion.
28 Aug 2006drilling progress report● Neutral
Workover rig engaged for completion and fracture stimulation of Sprowl 6-14, starting around 5 September. Fall River holds 20%; Kaiser-Francis operates with 60% and R&M 20%.
22 Aug 2006drilling result▲ Good
Sprowl 6-14 reached 10,550 ft; logs show over 50 ft of net pay in a sand over 100 ft thick. Company says it should add significantly to production, but full evaluation awaits perforation and fracture stimulation.
16 Aug 2006drilling progress report● Neutral
Sprowl 6-14 at 9,594 ft on 15 August, expected to reach the Red Fork target sands around 20 August. No new result yet.
9 Aug 2006drilling progress report● Neutral
Sprowl 6-14 at 6,342 ft on 8 August, drilling on schedule. Planned total depth 10,700 ft, with the Red Fork target near 10,300 ft.
2 Aug 2006drilling spud● Neutral
Sprowl 6-14, the fifth Sprowl well, spudded 31 July 2006 targeting Red Fork Sandstone at about 10,000 ft. It follows the plan flagged in June; the company holds 20% and four wells are producing.
19 June 2006drilling scheduled▲ Good
Next Sprowl well to spud early August 2006, with three more planned after it. Company expects about A$1.4 million cash flow over 12 months from its 20% interest. Four extra possible locations identified.