19 Jan 2006drilling progress report● Neutral
Operator Victoria Petroleum reports Eagle North-1 drilling at 2,134 m toward 4,206 m. Repeats Sun's update and earlier background; no new result.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
18 Jan 2006drilling progress report● Neutral
Eagle North-1 was drilling at 1,444 m, with the 4,200 m target expected around 26 January. Sun repeats the 13.5 to 34 million barrel reserve range and the plan for a test and 300 m horizontal side-track. No results yet.
18 Jan 2006drilling progress report● Neutral
Partner First Australian Resources reports Eagle North-1 approaching 5,000 feet, and its own Louisiana Schwing A-1 well at 8,755 feet. Nothing new for Sun's 10% interest.
18 Jan 2006drilling progress report● Neutral
Operator Victoria Petroleum says Eagle North-1 was drilling ahead at 1,444 m toward the 4,206 m total depth. Sun holds 10%. Rest of the release repeats earlier background; no oil results yet.
17 Jan 2006drilling progress report● Neutral
Operator Victoria Petroleum reports Eagle North-1 was rigging up and testing the blowout preventer after casing at 913 m, with drilling to resume in about 12 hours toward 4,206 m. Repeats known plans; no results.
17 Jan 2006drilling progress report● Neutral
Casing at Eagle North-1 is finished at 913 m. The crew is testing the blowout preventer before resuming drilling, with target depth expected in roughly 10 more days. No results yet.
16 Jan 2006drilling progress report● Neutral
Eagle North-1 reached its first casing point at about 913 m and the crew was running casing, with drilling to resume toward the 4,200 m target within about 48 hours. No oil results yet.
16 Jan 2006drilling progress report● Neutral
Operator Victoria Petroleum confirms Eagle North-1 reached 913 m and had run 10¾-inch casing, with drilling ahead to 4,206 m expected after about 48 hours. Repeats Sun's update; no new result.
13 Jan 2006drilling progress report● Neutral
Partner First Australian Resources' weekly update restates that Eagle North-1 is drilling at 828 feet, and covers its own Louisiana well. Nothing new for Sun.
13 Jan 2006drilling progress report● Neutral
Operator Victoria Petroleum's own release repeats that Eagle North-1 is drilling at 252 m, with a planned total depth of 4,206 m. It restates the earlier spud news and adds no new result.
13 Jan 2006drilling spud▲ GoodMajor
Eagle North-1 spudded on 11 January and was drilling at 252 m toward a first casing point near 914 m. It is the appraisal well Sun joined in the Eagle Oil Pool, which flowed oil in 1986; Sun holds 10%.
10 Jan 2006drilling scheduled● Neutral
Partner Lakes Oil's update mainly covers its own Banjo 1A well in Victoria, plus a repeat of the Eagle North-1 rig-up and planned 11 January start. Nothing new for Sun Resources.
9 Jan 2006drilling scheduled● Neutral
Operator Victoria Petroleum repeats that the rig has arrived at Eagle North-1 and drilling should start 11 January. It adds that its own 20% interest is near free-carried; Sun's 10% is unchanged. Largely repeats Sun's earlier update.
9 Jan 2006drilling scheduled● Neutral
The rig is now on site at Eagle North-1 and drilling is due to start around 11 January. Plan is a 4,200 m vertical well in about 14 days, then a 5-day test and a 300 m horizontal side-track. No new results.
4 Jan 2006drilling scheduled● Neutral
Operator Victoria Petroleum says the rig is being serviced and should start rigging up at Eagle North-1 within a week. The appraisal well in California's Eagle Oil Pool targets 4,200 m, with Sun Resources holding 10%.