16 Apr 2007drilling progress report● Neutral
Wirraway-1 is drilling ahead at 1,641 m, near the Intra Birkhead target at 1,678 m. Routine update with no result; Victoria operates with 40%.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 Apr 2007drilling progress report● Neutral
Impress Energy's report has Wirraway-1 at 1,641 m, circulating up a bottom-hole sample just above the main target. Routine update with no result.
13 Apr 2007drilling progress report● Neutral
Impress Energy's report has Wirraway-1 at 1,079 m after drilling 291 m in 24 hours. Routine update with no result.
13 Apr 2007drilling progress report● Neutral
Wirraway-1 is drilling ahead at 1,079 m; the main Birkhead target is expected near 1,678 m. Routine update with no result; Victoria operates with 40%.
12 Apr 2007drilling progress report● Neutral
Impress Energy's report has Wirraway-1 drilling ahead at 788 m. Routine update with no result.
12 Apr 2007drilling progress report● Neutral
Wirraway-1 is drilling ahead at 788 m in 8½ inch hole. Routine update with no result; Victoria operates with 40%.
11 Apr 2007drilling progress report● Neutral
Impress Energy's report has Wirraway-1 still at 750 m, with the blowout preventer being repaired. Routine update with no result.
11 Apr 2007drilling progress report● Neutral
Wirraway-1 is running in the hole to drill out the casing shoe at 748 m. Routine update with no result; Victoria operates with 40%.
10 Apr 2007drilling progress report● Neutral
Impress Energy's report has Wirraway-1 at 750 m, testing blowout preventers. Routine update with no result.
10 Apr 2007drilling progress report● Neutral
Wirraway-1 has set 9 5/8 inch casing at 748 m and is testing blowout preventers. Planned depth is 1,991 m. Routine update with no result; Victoria operates with 40%.
5 Apr 2007drilling progress report● Neutral
Impress Energy's daily report shows Wirraway-1 spudded on 4 April and was at 81 m. Routine update with no result; Victoria operates with 40%.
5 Apr 2007drilling spud● NeutralMajor
Wirraway-1 began drilling at 1800 hrs on 4 April and was at 81 m. It targets up to 13 million barrels if oil is present, and is the first of an eleven-well Cooper Basin program. Victoria operates with 40%.
3 Apr 2007drilling scheduled● Neutral
Victoria, as operator, says Hunt Rig-3 is rigging up at Wirraway-1 after weather delays, with spud expected within days. Target depth 1,991 m; potential recoverable oil 7.6 (P50) to 12.6 million barrels if oil is present. Growler-2 follows.
2 Apr 2007drilling scheduled● Neutral
Impress Energy says Wirraway-1 in PEL 104 is rigging up after weather delays and should spud within days; pre-drill P50 recoverable oil is 7.6 mmbbl. Impress's farm-in with Victoria is now completed; Victoria keeps 40%.
30 Mar 2007drilling scheduled● Neutral
Managing director's letter sets out 16 wells over the next six months, led by Wirraway-1 in early April and Growler-2. Notes oil recovered in Wilpinnie-4 and Telowie-1, Jingemia-11 aimed at 5,000 bopd, and net production of 280 bopd versus a roughly 500 bopd target.
21 Mar 2007drilling result● Neutral
ARC Energy forwarded Origin's 21 March Jingemia-11 update: 31 m of oil-saturated sandstone, lower 8 m partly swept, well being prepared for perforation. Re-release of known information with no new content.
21 Mar 2007drilling result▲ Good
Origin confirms Jingemia-11 reached 2,606 m on 14 March and found 31 m of oil-saturated Dongara Sandstone, the lower 8 m partly swept by existing producers. It is preparing to perforate and connect the well. Victoria holds 5%.
19 Mar 2007drilling result▲ GoodMajor
Wireline logs confirm Jingemia-11 intersected the full 31 m Dongara Sandstone: 23 m of oil column over about 8 m of partly swept oil zone. The top is 14 m updip of the best producer. The well is being completed; the target remains about 5,000 bopd. Victoria holds 5%.
19 Mar 2007drilling result▼ BadMajor
Sun Resources says El Viejito #1 will no longer be connected to a sales line because further testing showed water coning in the thin gas reservoir. This reverses the earlier success reported on 6-7 March. Dos Dedos #1 awaits testing and Milagro #1 is an oil discovery. Victoria holds 20%.
15 Mar 2007drilling progress report● Neutral
Jingemia-11 is under wireline logging at 2,606 m. Restates the earlier preliminary view that the 31 m Dongara Sandstone is likely oil-saturated. No new result; Victoria holds 5%.
14 Mar 2007drilling result▲ Good
Jingemia-11 reached total depth of 2,606 m. Early logging-while-drilling data suggest the whole Dongara Sandstone is likely oil-saturated, 10 m updip of the best producer. Victoria holds 5%.
13 Mar 2007drilling result● Neutral
ARC Energy forwarded Origin's 13 March Jingemia-11 update, which reported oil shows and a likely fully oil-saturated 31 m Dongara Sandstone. Duplicate of existing information, with no new content.
13 Mar 2007drilling result▲ GoodMajor
Jingemia-11 drilled good oil shows in the target Dongara Sandstone over 31 m (2,489-2,520 m), at 2,528 m depth. The managing director calls it a successful development well, aiming to lift the field from 3,200 to about 5,000 bopd. Victoria holds 5%.
13 Mar 2007drilling scheduled▲ GoodMajor
Victoria plans eighteen wells over the next six months, including Wirraway-1 in late March and Growler-2. Wilpinnie-4 production test is set for June and Tomcat-1 for July; three more Margarita shallow wells are planned for late April. Net production is 280 bopd, targeting about 500.
13 Mar 2007drilling result▲ Good
Origin, the operator, reports the top of the Dongara Sandstone at 2,489 m, about 10 m updip of the previous highest well. Early logs suggest the full 31 m reservoir is likely oil-saturated. Confirms Victoria's release; Victoria holds 5%.
12 Mar 2007drilling progress report● Neutral
Jingemia-11 is at 2,396 m after a bit change, nearing the planned 2,614 m. Routine update with no result yet; Victoria holds 5%.
9 Mar 2007drilling progress report● Neutral
Jingemia-11 is changing the drill bit at 1,711 m, with planned total depth about 2,614 m. Routine update with no result; Victoria holds 5%.
8 Mar 2007drilling result● Neutral
Magellan's weekly report confirms Telowie-1 was plugged and abandoned at 1,384 m, with only minor Murta oil shows and a trace of oil on test. Rig released 4 March, ending the two-well PEL 94 program. Victoria holds 15%; the rest covers Magellan-only wells.
8 Mar 2007drilling progress report● Neutral
Jingemia-11 is drilling ahead at 1,686 m toward a planned 2,614 m. Routine update with no result yet; Victoria holds 5%.
7 Mar 2007drilling progress report● Neutral
Beach's weekly report shows Telowie-1 plugged and abandoned at 1,384 m, repeating the earlier dry-hole result. Other wells listed are not Victoria's. Victoria holds 15% of Telowie-1.