9 May 2007drilling progress report● Neutral
Fall River Resources reports West Florence-1 drilling ahead at 904 m. Duplicate of Victoria's release; no new result.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
9 May 2007drilling progress report● Neutral
West Florence-1 is drilling ahead at 904 m toward 2,134 m total depth; main target at about 1,800 m. Routine update with no new result.
8 May 2007drilling progress report● Neutral
West Florence-1 is drilling ahead at 684 m toward a planned 2,134 m total depth, with the main J sandstone target at about 1,800 m. Victoria holds 25%. Routine update with no new result.
8 May 2007drilling progress report● Neutral
Fall River Resources, a West Florence partner, re-releases the spud news: drilling at 502 m. It lists Victoria at 25% and Fall River at 15%, with a table that differs slightly from Victoria's. Duplicate of Victoria's release.
7 May 2007drilling spud▲ GoodMajor
West Florence-1, a new Colorado well operated by Mountain Petroleum, began drilling 3 May 2007 and is at 502 m. Victoria holds 25% in a new US project; target is 100-200 bcf of gas, plus about 5 mmbbl oil in each of three formations if present.
4 May 2007drilling result▲ Good
Victoria confirms Wirraway-1 is completed as an oil producer after perforation and a clean-up flow test; no flow rate is given and analysis is pending. The rig is moving to Growler-2. Victoria holds 40% and operates.
4 May 2007drilling progress report▲ Good
Impress Energy says Wirraway-1 has been completed as a future oil producer and a flow test was run to clean up fluids; productivity analysis is pending. The rig was released 3 May and is moving to Growler-2.
3 May 2007drilling progress report● Neutral
Victoria reports Wirraway-1 is running perforating guns ahead of a short production test; Growler-2 follows. Largely repeats earlier updates. Routine update with no new result.
3 May 2007drilling progress report● Neutral
Re-release of Victoria's 3 April pre-spud announcement (dated 3 April in the text) for Wirraway-1, giving a 7.6 million (P50) to 12.6 million barrel (P10) target. Superseded by the discovery since; no new information.
3 May 2007drilling progress report● Neutral
Impress Energy reports Wirraway-1 is pressure testing the Christmas tree after perforating guns were run; the rig then moves to Growler-2. Routine update with no new result.
2 May 2007drilling progress report● Neutral
Impress Energy reports Wirraway-1 is running the completion string and perforating guns, with a cement bond log done. Routine update with no new result.
2 May 2007drilling progress report● Neutral
Victoria reports Wirraway-1 is running 2 7/8 inch tubing ahead of a short production test; Growler-2 follows. Repeats earlier statements, including the 7.6 million barrel target. Routine update with no new result.
1 May 2007drilling progress report● Neutral
Victoria says Wirraway-1 is preparing a short production test after 7 inch casing was cemented at 1,818 m; Growler-2 follows. Management cites a 100% exploration success rate in PEL 104. Routine update with no new result.
1 May 2007drilling progress report● Neutral
Impress Energy reports Wirraway-1 at 2,048 m is running a casing scraper before a cement bond log and completion with perforating guns. Routine update with no new result.
30 Apr 2007drilling progress report● Neutral
Impress Energy reports 7 inch casing cemented at 1,818 m at Wirraway-1 after weather delays; a short production test is next. Routine update with no new result.
30 Apr 2007drilling progress report● Neutral
Wirraway-1 has 7 inch casing cemented at 1,818 m and is preparing a short production test as an oil producer; Growler-2 follows. The stated pre-drill target is now 7.6 million barrels. Routine update with no new result.
27 Apr 2007drilling progress report● Neutral
Impress Energy reports Wirraway-1 at 2,048 m is setting a plug and preparing to run 7 inch casing before a short production test. Routine update with no new result.
27 Apr 2007drilling progress report● Neutral
Wirraway-1 is preparing to run 7 inch casing to complete as an oil producer; the rig then moves to Growler-2. The pre-drill target is now stated as up to 4 million barrels, versus 13 million earlier. The 2007 program is described as fourteen wells.
24 Apr 2007drilling progress report▲ Good
Impress Energy reports logging at Wirraway-1 suggests a 17 m gross oil column over 1,725-1,737 m in the lower Birkhead. Preliminary interpretation; testing program to be decided. Duplicates Victoria's release, which gives the interval as 1,725-1,742 m.
24 Apr 2007drilling result▲ GoodMajor
Preliminary logs, pressure and sidewall core data indicate Wirraway-1 intersected a 17 m gross oil column (1,725-1,742 m) in the Birkhead, and oil was recovered on wireline testing. Testing over five days follows; Victoria holds 40%.
23 Apr 2007drilling progress report● Neutral
Impress Energy reports Wirraway-1 reached total depth of 2,048 m (deeper than the 1,991 m planned) and is running wireline logs. Oil shows over 1,717-1,749 m are still to be evaluated.
23 Apr 2007drilling progress report● Neutral
Wirraway-1 reached total depth of 2,048 m and is being wireline logged to assess oil shows over 1,717-1,749 m. No result yet; Victoria operates with 40%.
20 Apr 2007drilling progress report● Neutral
Wirraway-1 is drilling ahead at 1,879 m in the Hutton Sandstone, with good oil shows over 1,717-1,749 m in the Birkhead. Significance awaits logs and testing; Victoria holds 40%.
20 Apr 2007drilling progress report● Neutral
Impress Energy reports Wirraway-1 at 1,879 m with good oil shows across 1,717-1,749 m, weaker below 1,739 m. Evaluation awaits logs and testing. Routine update with no new result.
19 Apr 2007drilling progress report● Neutral
Impress Energy reports Wirraway-1 drilling at 1,735 m after DST-1 plugged (tool plugging seen at surface), with oil shows continuing. Evaluation awaits logs and testing at total depth. Duplicates Victoria's release.
19 Apr 2007drilling progress report● Neutral
Victoria confirms DST-1 at Wirraway-1 was a misrun (tool plugged on opening); drilling continues at 1,735 m with good oil shows. Testing awaits total depth of 1,991 m. Victoria holds 40%.
18 Apr 2007drilling scheduled● Neutral
Sun says El Viejito #1 is suspended after water inflow, while Milagro #1 has been on a sales line since 3 April at about 348,000 scfd plus 1.67 bbl/d oil. Dos Dedos #1 connects within days. Three more shallow wells start around mid-May to July; Victoria holds 20%.
17 Apr 2007drilling progress report▲ Good
Impress Energy reports Wirraway-1 at 1,732.8 m with good oil shows over 1,725-1,732.8 m in the main Birkhead target; the hole is being conditioned for a drill stem test. Duplicates Victoria's release.
17 Apr 2007drilling progress report● Neutral
Roma Petroleum (20% partner) says Wirraway-1 is preparing a drill stem test of oil shows in the Birkhead Formation at 1,725-1,732.8 m. Repeats information Victoria released the same day.
17 Apr 2007drilling result▲ Good
Wirraway-1 found good oil shows in the main Birkhead sands at 1,725-1,732.8 m, and a drill stem test is due within 24 hours. Encouraging but unproven; the managing director says significance depends on the test and logs. Victoria holds 40%.