Each one in plain English, with the numbers worked through for a shareholder.
11 Sept 2008drilling progress report▲ Good
Impress reports Growler-3 at 1,837 m with a 19 m oil column, 13 m net pay and a 1,673 bopd test. It is being completed, with first production expected early October. The field currently makes about 200 bopd and the facility needs upgrading. Repeats known results.
4 Sept 2008drilling progress report▲ Good
Impress reports Growler-3 entered the Birkhead reservoir at about 1,720 m, higher than predicted, with good oil shows. Logging is due within 24 hours. Growler-4 production is targeted for early October.
4 Sept 2008drilling result▲ Good
Victoria reports Growler-3 drilling at 1,727 m in the Birkhead reservoir with good oil shows and elevated gas. Logging will determine its quality. Same news as Impress's update.
3 Sept 2008drilling progress report● Neutral
Growler-3 was drilling ahead at 1,500 m, planned to 1,800 m, as the second well after the successful Growler-4. No new result.
28 Aug 2008drilling progress report● Neutral
Impress reports Growler-3 at 453 m two days after spud. Growler-4 is suspended, with production targeted for early October, adding to the field's current ~200 bopd. Warhawk-1 follows Growler-3.
27 Aug 2008drilling spud● Neutral
Growler-3 started drilling on 26 August (Victoria operator, 40%), a flank test 600 m northwest of Growler-1, planned to 1,800 m. It follows the successful Growler-4.
21 Aug 2008drilling result▲ Good
Impress reports Growler-4 reached 1,823 m. Logs confirm an 18 m oil column with up to 9 m net pay, better than Growler-1 or 2, and the well will be completed as a producer.
21 Aug 2008drilling result▲ GoodMajor
Wireline logs confirm Growler-4 (Victoria operator, 40%) has an 18 m oil column and up to 9 m net pay, better than Growler-1 and 2. It will be completed as an oil producer; the Growler field started flowing in March.
20 Aug 2008drilling result▲ Good
Victoria reports good oil shows in Growler-4's Birkhead sandstone from 1,722 to 1,740 m, similar to the producing Growler-1 and 2. Wireline logs are still needed to confirm significance.
20 Aug 2008drilling progress report▲ Good
Impress reports Growler-4 hit the Birkhead sandstone at 1,722 m as expected, with good oil shows over 18 m. The well is being deepened to 1,835 m and is likely to be completed as a producer after logging.
18 Aug 2008drilling progress report● Neutral
Taringa South-3 core hole reached 282 m with 3.95 m of net coal and the coring rig is released. Core results go to certifier MHA in Denver; an extended pilot program may follow. Reserves booking is no longer stated as a firm date in this text.
18 Aug 2008drilling progress report● Neutral
Growler-4 (Victoria operator, 40%) was drilling ahead at 1,434 m after setting casing at 667 m, aiming for 1,800 m. Growler-3 follows immediately. No new result yet.
15 Aug 2008drilling progress report● Neutral
Impress reports Growler-4 at 671 m after running 9 5/8 inch casing, four days after spud. Rig schedule shows Growler-3, then Warhawk-1 and further exploration wells, with Fokker-1 and Tempest-1 later. No new result.
11 Aug 2008drilling spud● Neutral
Victoria, as operator (40%), started Growler-4 on 11 August, a development/appraisal well 400 m north of Growler-1, planned to 1,800 m. Growler-3 follows. This begins the Growler drilling program flagged earlier for August.
8 Aug 2008drilling progress report● Neutral
Carnarvon-2 core hole reached 378 m with 6.7 m of net coal; the rig moved to Taringa South-3. Don Juan (Victoria 45%) reserves booking is still targeted for the last quarter of 2008. Oil drilling is said to resume next week.
1 Aug 2008drilling progress report● Neutral
Bow reports Carnarvon-4 core hole reached 376 m with 10 m of net coal, and the rig moves to Carnarvon-2. Core results feed Don Juan reserves certification (Victoria 45%), still expected to begin booking in the last quarter of 2008.
23 July 2008drilling progress report● Neutral
Bow reports Carnarvon-3 cored to 390 m and coring began at Carnarvon-4 on 21 July. The Don Juan core holes (Victoria 45%) support reserves certification, still expected in the last quarter of 2008.
21 July 2008drilling result▼ BadMajor
Hudson-1 reached 2,430 m and is being plugged and abandoned as a dry hole. The oil shows are read as residual oil or migration. Victoria (15%, fully carried) still sees other prospects between it and Cuisinier. Growler drilling resumes about 12 August.
15 July 2008drilling progress report● Neutral
Hudson-1 (Victoria 15%, fully carried) was at 2,262 m with minor oil shows in several zones. The deeper Doonmulla sandstone primary target had not yet been reached. Planned total depth is 2,434 m.
14 July 2008drilling progress report● Neutral
Bow reports Orallo South-1 was cored to 540 m, and the rig moves to Carnarvon-3. The core holes feed the Don Juan reserves certification (Victoria 45%), with reserves booking still expected in the last quarter of 2008.
8 July 2008drilling spud● Neutral
Santos started drilling Hudson-1 at midnight on 7 July, after the weather delay. It was at 177 m on 8 July. Victoria is fully carried and holds 15%. The well targets a most likely 1.2 million barrels, with a P10 of 10 million.
19 June 2008drilling scheduled● Neutral
Santos says Hudson-1 (Victoria 15%, fully carried) is delayed by 2 to 3 weeks after 80-100mm of rain damaged roads. It delays the early-June start previously expected. The well tests a prospect with a most likely 1.2 million barrels.
12 June 2008farm in farm out agreement▲ GoodMajor
Mosaic Oil can farm into Victoria's south-west Surat oil permits by funding seismic and up to three wells. After the farm-in, Victoria would keep 15.6% of Stratton, 19.297% of Rookwood and 7.5% of ATP 805P Southern Blocks, with Donga and Rookwood fields excluded.
30 May 2008drilling result▼ BadMajor
Origin confirms Freshwater Point 1 was plugged and abandoned at 1,817 m, with no hydrocarbons interpreted from logs in the target sandstones. It is a dry hole for the 5% interest.
30 May 2008drilling result▼ Bad
ARC Energy re-releases Origin's 30 May update: Freshwater Point 1 plugged and abandoned with no hydrocarbons interpreted. Victoria holds 5%. No new information.
30 May 2008drilling result▼ Bad
Norwest Energy re-releases Origin's 30 May update: Freshwater Point 1 plugged and abandoned with no hydrocarbons interpreted. Victoria holds 5%. No new information.
30 May 2008drilling result▼ BadMajor
Victoria confirms Freshwater Point 1 (5%) was plugged and abandoned with no hydrocarbons. The Managing Director says other prospects remain in the permit, and drilling now shifts to Hudson-1 in Queensland, expected to start next week.
27 May 2008drilling result▼ Bad
Victoria relays Origin's update: Freshwater Point 1 (5%) reached 1,817 m, with the High Cliff Sandstone at about 1,647 m. No hydrocarbon shows were encountered, and logging is next.
26 May 2008drilling result▼ Bad
ARC Energy re-releases Origin's 26 May update: Freshwater Point 1 reached 1,817 m with no hydrocarbon shows in the target sandstones. Victoria holds 5%. No new information.
26 May 2008drilling result▼ Bad
Norwest Energy re-releases Origin's 26 May update: Freshwater Point 1 reached 1,817 m with no hydrocarbon shows in the target sandstones. Victoria holds 5%. No new information.
