10 Feb 2006drilling progress report● Neutral
Sun relays that Eagle North-1 was at 3,848 m in the sidetrack, with target and total depth expected at the weekend. Background repeated; no results yet.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 Feb 2006drilling progress report● Neutral
Operator reports Eagle North-1 drilling ahead in the sidetrack at 3,836 m toward the 4,145 m target and 4,206 m total depth. Background repeated; no results.
9 Feb 2006drilling progress report● Neutral
Operator reports Eagle North-1 drilling ahead in the sidetrack at 3,696 m toward the 4,145 m target and 4,206 m total depth. Background repeated; no results.
9 Feb 2006drilling progress report● Neutral
Eagle North-1 sidetrack is at 3,696 m and drilling ahead, with the 4,145 m target and 4,206 m total depth expected at the end of the week. Steady progress after the sidetrack delays; no oil results yet.
8 Feb 2006drilling progress report● Neutral
Eagle North-1 is at 3,627 m, running back in after removing the directional motor, with drilling ahead expected within about six hours. Target and total depth still expected at the end of the week. No results.
7 Feb 2006drilling progress report● Neutral
Eagle North-1 sidetrack is at 3,564 m, drilling to 3,627 m before a trip to remove the directional motor. Target depth of 4,145 m and total depth of 4,206 m are expected at the end of the week. No results.
7 Feb 2006drilling progress report● Neutral
Operator reports Eagle North-1 drilling ahead in the sidetrack at 3,565 m toward 4,206 m total depth. Background repeated; no results.
6 Feb 2006drilling result● Neutral
Partner FAR reports its Schwing A-1 well in Louisiana found no oil in the Upper Bolmex sands and will be plugged and abandoned. At Eagle North-1 the new sidetrack has drilled to 11,371 feet. The Louisiana dry hole does not involve Sun.
6 Feb 2006drilling progress report● Neutral
Operator reports Eagle North-1 at 3,407 m in the new sidetrack, running back in to resume drilling toward 4,206 m total depth. Remainder repeats earlier background; no results.
6 Feb 2006drilling progress report● Neutral
Eagle North-1 is at 3,407 m in the new sidetrack hole, running back in with a fresh drilling assembly to resume drilling toward 4,145 m. The second sidetrack appears to have avoided the old hole so far; no oil results yet.
3 Feb 2006drilling progress report● Neutral
Operator reports Eagle North-1 is pulling out of the hole to pick up a drilling assembly, with the new sidetrack to start from 3,407 m. Rest repeats earlier background; no results.
2 Feb 2006drilling progress report● Neutral
Partner First Australian Resources (15% of Eagle) reports a new sidetrack being prepared on Eagle North-1. Its Louisiana Schwing A-1 well is drilling at 11,547 feet. Nothing new for Sun's 10% interest.
2 Feb 2006drilling progress report● Neutral
Operator Victoria Petroleum reports Eagle North-1 is waiting on cement to set before running back in to sidetrack toward the 4,145 m target. It repeats background and says up to 1,000 barrels a day is anticipated if the horizontal well succeeds. No results.
1 Feb 2006drilling progress report▼ Bad
The first Eagle North-1 sidetrack drilled back into the original wellbore, so the operator was pulling out to set a new cement plug and sidetrack again. The planned time to reach the 4,206 m total depth was extended to 24 days from the 12 January start.
1 Feb 2006drilling progress report▼ Bad
Sun relays that Eagle North-1's first sidetrack deviated back into the original junked hole at 3,598 m, so the crew is setting another cement plug to sidetrack again. Target and total depth are now expected around 7-8 February.
31 Jan 2006drilling progress report● Neutral
Eagle North-1 had a new drilling assembly in and was preparing to ream the sidetrack hole before drilling ahead from 3,459 m. Target depth is now expected later in the week. No results yet.
30 Jan 2006drilling progress report● Neutral
Operator reports the sidetrack was drilled to 3,459 m, and the crew is changing the drill bit and assembly to continue toward 4,145 m. The well is back drilling new hole after the stuck-pipe delay; no oil results yet.
30 Jan 2006drilling progress report● Neutral
Partner First Australian Resources reports Eagle North-1 sidetrack at 11,285 feet (3,459 m), about to drill ahead. Its Schwing A-1 well is at 10,984 feet, nearing total depth. Nothing new for Sun's 10%.
27 Jan 2006drilling progress report▼ Bad
Eagle North-1 is still setting the cement plug before sidetracking. Target and total depth are now expected late the following week, after a further 24-hour pause for crop spraying nearby. Delay continues; no results.
27 Jan 2006drilling progress report▼ Bad
Operator reports the stuck pipe was retrieved except about 20 m, and a cement plug is being set. Sidetrack drilling from about 3,500 m should resume over the weekend. Planned time to total depth is now stated as 17 days.
25 Jan 2006drilling progress report▼ Bad
Operator Victoria Petroleum confirms stuck pipe at 3,625 m on Eagle North-1. It will set a cement plug and sidetrack from about 3,500 m, with drilling expected to resume in 48 hours. Operator calls the delay disappointing.
25 Jan 2006drilling progress report▼ Bad
Eagle North-1 pipe became stuck at 3,625 m after drilling slowed. The crew is plugging the hole and sidetracking around it, with drilling expected to resume in about 48 hours. A setback to the timetable for Sun's 10% well.
24 Jan 2006drilling progress report● Neutral
Eagle North-1 was at 3,540 m, with the 4,145 m target and 4,206 m total depth expected around 25 January. Background and the 13.5 to 34 million barrel reserve range are repeated; no results yet.
24 Jan 2006drilling progress report● Neutral
Partner First Australian Resources reports Eagle North-1 drilling at 11,614 feet (3,540 m), and its Louisiana Schwing A-1 well at 9,935 feet during rig repairs. Nothing new for Sun's 10% interest.
24 Jan 2006drilling progress report● Neutral
Operator Victoria Petroleum reports Eagle North-1 drilling at 3,540 m toward the 4,206 m total depth. Sun holds 10%. Rest repeats earlier background; no oil results yet.
23 Jan 2006drilling progress report● Neutral
Operator Victoria Petroleum reports Eagle North-1 drilling at 3,386 m toward 4,206 m. Repeats Sun's update and earlier background; no new result.
23 Jan 2006drilling progress report● Neutral
Eagle North-1 was at 3,386 m completing a wiper trip before drilling to the 4,145 m target. Total depth is now expected around 25 January. No results yet.
20 Jan 2006drilling progress report● Neutral
Operator Victoria Petroleum reports Eagle North-1 drilling at 2,732 m toward 4,206 m. Otherwise repeats earlier plans and background; no results.
20 Jan 2006drilling progress report● Neutral
Eagle North-1 was drilling at 2,732 m, and Sun now expects total depth around 24 January rather than 26 January because of good progress. No oil results yet.
19 Jan 2006drilling progress report● Neutral
Eagle North-1 was drilling at 2,134 m toward the 4,200 m target, still expected around 26 January. Background and reserve range are repeated; no oil results yet.