Each one in plain English, with the numbers worked through for a shareholder.
4 Mar 2009resource reserve update▲ Good
Bow announces MHA certified Don Juan gross 3P reserves at 192 PJ, on 255 PJ gas in place. Bow plans testing from Q2 2009, targeting 2P certification in early second half 2009. Later Victoria release gives its net share.
17 Feb 2009drilling result▲ Good
Victoria repeats Bow's Hobson-1 result: 432 m total depth, 22.34 m of net coal, gassy below 300 m. ATP 794P (Victoria 35%) covers about 53% of the 80 km Canaway Ridge structure. Appraisal to certify reserves is planned over the next 12 months.
17 Feb 2009drilling result▲ Good
Bow reports Hobson-1 reached 432 m with 22.34 m of net coal, gas desorbing from all sampled coals below 300 m. Appraisal to certify reserves is planned over 12 months. Victoria holds 35% of ATP 794P.
9 Feb 2009drilling spud● Neutral
Hobson-1, a coal seam gas test well in ATP 794P (Victoria 35%, Bow operator 65%), started drilling and is at 246 m. It is the second well in Bow's Canaway Ridge CSG project in south-west Queensland, a new area for Victoria.
15 Dec 2008drilling result▲ GoodMajor
Growler-5 reached 1,822 m; logs and side wall cores confirm an oil zone in the Birkhead (1,732-1,749 m), similar to the productive Growler-3. Production casing is set, with testing in January 2009. Growler is now about 950 bopd, up from 200 bopd at the start of 2008.
11 Dec 2008drilling progress report▲ Good
Growler-5 at 1,780 m reports good oil shows over a 24 m gross interval (1,725-1,749 m) in the Birkhead Sandstone. Logs and a drill stem test at 1,800 m will assess significance.
8 Dec 2008drilling progress report● Neutral
Growler-5 was drilling ahead at 1,297 m toward a planned 1,800 m total depth. No results yet. Growler field is producing about 930 bopd gross.
1 Dec 2008drilling spud● Neutral
Growler-5, a development well targeting the eastern extension of the Birkhead sands, started drilling 29 November with Century Rig 3. Planned depth is 1,800 m in 12 days. Growler is producing about 930 bopd gross; Victoria operates with 40%.
28 Nov 2008resource reserve update▲ Good
Operator Bow reports Don Juan (Victoria 45%) has seven core holes and four pilots drilled, with a 225 sq km focus area of 2.5-4.8 m3/tonne gas, like adjacent Lacerta. Third-party reserves certification and extended testing planned early 2009. Largely repeats the 27 November release.
27 Nov 2008resource reserve update▲ GoodMajor
Bow, operator with 55%, says Don Juan gas content data (Victoria 45%) identifies a 225 sq km focus area with 2.5-4.8 m3/tonne, like adjacent Lacerta, and up to 200 PJ gas in place. Reserves certification and extended testing planned early 2009. Follows the earlier awaited desorption results.
24 Nov 2008drilling result▼ BadMajor
Stormbird-1 reached 2,176 m with the Birkhead sands water bearing. Basement quartzite recovered 1.5 litres of 43 API oil, a first for PEL 104, but it was judged non-commercial and the well was to be plugged. This was the last of the four 2008 exploration wells, and the rig moved to Growler-5.
19 Nov 2008drilling progress report● Neutral
Stormbird-1 at 1,876 m reports oil shows over 2 m (1,810-1,812 m) in the Birkhead; significance awaits logs and formation testing at total depth.
18 Nov 2008drilling progress report● Neutral
Stormbird-1 is drilling at 1,774 m towards the Birkhead target. Up to 1.1 mmbbl (P10) if oil is present. Growler about 930 bopd. No results yet.
13 Nov 2008drilling progress report● Neutral
Impress reports Stormbird-1 at 665 m, running surface casing, three days after spud. Target remains the Birkhead, up to 1.1 mmbbl (P10), TD 2,280 m. No results yet.
11 Nov 2008drilling spud● Neutral
Stormbird-1 (PEL 104, Victoria operator 40%) started drilling 10 November, planned to 2,280 m in 15 days. It targets the Birkhead with up to 1.1 mmbbl (P10) if oil is present. Fourth and last well in the current program; Growler about 930 bopd.
4 Nov 2008drilling result▼ BadMajor
Tigershark-1 logs, cores and formation testing show only minor, non-commercial oil shows at 1,715-1,718 m, so it will be plugged and abandoned. Live oil is seen as positive for migration. Rig moves to Stormbird-1 (up to 1.1 mmbbl P10).
30 Oct 2008drilling progress report● Neutral
Impress reports the Tigershark-1 drill stem test recovered 2 barrels of light oil and 35 barrels of drilling fluid. The well will drill on to total depth. Growler is over 1,000 bopd with Growler-4 on pump. Later corrected by Victoria.
29 Oct 2008drilling progress report● Neutral
Victoria reports Tigershark-1 is preparing an open-hole drill stem test over 1,712-1,732 m to test Birkhead oil shows at 1,716-1,725 m. Growler produces a gross 969 bopd. No result yet.
29 Oct 2008drilling progress report● Neutral
Impress reports Tigershark-1 hit Birkhead at 1,716 m with elevated gas and poor-to-fair fluorescence over 10 m; a drill stem test is being run. Growler produces 980 bopd, heading to about 1,000 bopd. Rig then goes to Stormbird-1, then Growler-5.
22 Oct 2008drilling spud● Neutral
Tigershark-1 (PEL 104, Victoria operator 40%) started drilling 21 October, planned to 2,070 m in 15 days. It targets the Birkhead with up to 4.7 mmbbl (P10 unrisked) if oil is present. Third well in the four-well program; Growler at 902 bopd.
16 Oct 2008drilling result▲ GoodMajor
Tigercat-1 logs and cores confirm a net 7 m of oil pay in the Birkhead over a gross 18.5 m (1,752-1,770.5 m). Production casing is being run to complete it as a future producer. Resolves the earlier pending logs; rig moves to Tigershark-1.
13 Oct 2008drilling progress report● Neutral
Tigercat-1 is at 1,782 m with good oil shows over a net 9 m in the Birkhead, 1,750-1,769 m. A drill stem test failed from a packer fault, so significance awaits logs at 2,100 m.
9 Oct 2008drilling progress report● Neutral
Impress reports Tigercat-1 drilling at 1,398 m. Growler-4 flowed an estimated 240 bopd on cleanup; Growler field makes 800 bopd, targeting about 1,000 bopd by end October. Impress calls Warhawk-1 an oil discovery.
6 Oct 2008drilling spud● Neutral
Tigercat-1 (PEL 104, Victoria operator 40%) started drilling 3 October, 8 km east of Growler, targeting the Birkhead with up to 1 mmbbl (P10) if oil is present. Planned depth is 2,100 m. Second well in the four-well program.
29 Sept 2008drilling result● Neutral
Warhawk-1 tests failed from equipment faults, but wireline sampling confirmed thin oil-bearing sandstones and it will be completed for future production. Impress says Growler now produces over 800 bopd, rising past 1,000 once Growler-1 and Growler-4 return.
25 Sept 2008drilling progress report● Neutral
Impress reports initial logs show Warhawk-1's Birkhead is oil bearing but not particularly well developed; secondary targets are water bearing. A straddle test is planned. Tigercat-1 (0.7 mmbbl P50 if present) will now precede Tigershark-1.
23 Sept 2008drilling progress report● Neutral
Victoria reports oil shows over 9 m in the Warhawk-1 Birkhead, 1,729-1,748 m, with the well at 1,880 m. Significance awaits logs and a planned test at 2,030 m. Same news as the Impress update.
23 Sept 2008drilling progress report● Neutral
Impress reports Warhawk-1 at 1,912 m with good oil shows and elevated gas in the Birkhead from 1,729-1,748 m. Wireline logs and possible testing will decide their significance at total depth.
18 Sept 2008drilling progress report● Neutral
Impress reports Warhawk-1 at 648 m, running surface casing. Well targets the Birkhead reservoir that produces at Growler; Tigershark-1 is listed next. Routine progress with no result.
17 Sept 2008drilling spud● Neutral
Warhawk-1 (PEL 111, Victoria operator 40%) started drilling 16 September, targeting up to 1.48 mmbbl recoverable if oil is present. Planned depth is 2,030 m. First of four exploration wells with Century Rig 3, following the Growler development wells.
