7 Mar 2007drilling progress report● Neutral
Jingemia-11 is drilling ahead at 1,149 m toward a planned 2,614 m, about 20 days in total. Routine update with no result yet; Victoria holds 5%.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 Mar 2007drilling result▼ BadMajor
Telowie-1 was plugged and abandoned at 1,384 m after a Murta test recovered only 0.5 litres of oil, so it is not commercial. Focus in PEL 94 shifts to the Dunoon Horst, with drilling likely in the next few months. Victoria held 15%.
6 Mar 2007drilling result▼ BadMajor
Victoria confirms Gamma-1 reached 1,517 m with only minor oil shows and was plugged and abandoned. Nora-1 is delayed for review and a Watson 3D survey in April; two Barta wells are planned for the second half of 2007. Victoria is carried and keeps 25%.
6 Mar 2007drilling progress report● Neutral
Jingemia-11 is drilling ahead at 853 m toward a planned 2,614 m. Routine update with no result yet; Victoria holds 5%.
5 Mar 2007drilling result▼ BadMajor
Gamma-1 reached 1,517 m, found no significant oil shows in the primary targets, and was plugged and abandoned. It is the second dry Wompi well after Marracoonda-2. Nora-1 is delayed pending a Watson 3D seismic survey planned for April.
2 Mar 2007drilling progress report● Neutral
Gamma-1 is at 1,356 m and drilling ahead toward a planned 1,504 m. Routine update with no new result; Victoria is fully carried and keeps 25%.
2 Mar 2007drilling progress report● Neutral
Jingemia-11 is preparing to set casing at 534 m, with a planned total depth of about 2,614 m. Routine progress update; Victoria holds 5%.
2 Mar 2007drilling progress report● Neutral
Telowie-1 reached 1,384 m and is preparing a drill stem test in the Murta formation at 1,078-1,081 m. No result yet. Victoria holds 15%.
1 Mar 2007drilling spud● Neutral
Origin announces Jingemia 11 commenced drilling and was at 195 m, targeting the Dongara Sandstone, planned to about 2,614 m. Its start time differs from Victoria's release (28 Feb versus 27 Feb). Victoria holds 5%.
1 Mar 2007drilling spud▲ Good
Origin began drilling the Jingemia-11 development well on 27 Feb, planned to about 2,614 m. Victoria's managing director says success could lift field output to about 5,000 bopd. Victoria holds 5%. Follows Jingemia-8, stabilised at about 3,200 bopd.
1 Mar 2007drilling progress report● Neutral
Telowie-1 reached total depth of 1,384 m and is running wireline logs. No hydrocarbon result is given yet. Victoria holds 15%.
1 Mar 2007drilling progress report● Neutral
Gamma-1 remains at 1,181 m while the rig's gearbox is repaired before drilling ahead. Routine update with no new result; Victoria is fully carried and keeps 25%.
28 Feb 2007drilling progress report● Neutral
Victoria repeats Sun's update: a coiled tubing unit is at El Viejito #1 with flow test results expected in 4-5 days, a workover rig is due at Milagro, and the Dos Dedos rig has arrived. Victoria holds 20%.
28 Feb 2007drilling progress report● Neutral
Telowie-1 is drilling ahead at 1,306 m toward a planned 1,367 m. Routine update with no result; Victoria holds 15%.
28 Feb 2007drilling progress report● Neutral
Gamma-1 is at 1,181 m and drilling ahead toward the primary Namur and Hutton targets, planned to 1,504 m. Routine update with no new result; Victoria is fully carried and keeps 25%.
27 Feb 2007drilling progress report● Neutral
Telowie-1 in PEL 94 is drilling ahead at 958 m toward a planned 1,367 m, with 6.6 mmbbl potential if oil is present. Routine update with no result yet; Victoria holds 15%.
27 Feb 2007drilling result▼ Bad
Gamma-1's first drill stem test over 1,114-1,131 m recovered only a little formation water. Drilling will continue to the primary Namur and Hutton targets. Victoria is fully carried on the well and retains 25%.
27 Feb 2007drilling progress report● Neutral
Sun Resources says a coiled tubing unit is on site at El Viejito #1 for a flow test, results expected in 4-5 days. Milagro #1 testing rig due 28 Feb; Dos Dedos #1 rig has arrived. Victoria holds 20%. Duplicates Victoria's own 28 Feb release.
27 Feb 2007drilling result▼ Bad
Bow reports the Murta test at Gamma-1 recovered a little water with a faint oil odour. Preliminary results suggest the reservoir is tight and unlikely to hold commercial hydrocarbons. Drilling continues to the primary targets; Victoria is carried.
26 Feb 2007drilling progress report▲ Good
Victoria repeats that Gamma-1 has oil fluorescence in the Murta sandstone, 1,124-1,131 m, a secondary target, and is preparing an off-bottom drill stem test. Same news as Bow's release; Victoria is fully carried.
26 Feb 2007drilling spud● Neutral
Telowie-1 spudded 23 Feb in PEL 94 and is nippling up BOPs at 586 m, planned to 1,367 m. The prospect has 6.6 mmbbl potential if oil is present. Victoria holds 15%. It follows the dry Tunkalilla-1.
26 Feb 2007drilling progress report▲ Good
Bow reports Gamma-1 at 1,148 m with good oil fluorescence and gas peaks in the Murta sandstone, 1,124-1,131 m, a secondary target. An off-bottom drill stem test is being prepared. Early positive sign, not yet a result.
23 Feb 2007drilling progress report● Neutral
Gamma-1 is testing blowout preventers before drilling ahead. Routine update with no new result; Victoria remains fully carried at 25%.
22 Feb 2007drilling result▲ Good
Sun Resources reports Milagro #1 reached total depth, with logs indicating potential oil pay of 4.3 m. It will be cased for completion and production testing. El Viejito #1 is still waiting on testing equipment. Victoria's 20% share is unchanged.
22 Feb 2007drilling progress report● Neutral
Gamma-1 is preparing to run surface casing at 186 m. Routine update with no new result; Victoria is fully carried and keeps 25%.
22 Feb 2007drilling result▲ Good
Victoria reports Milagro #1, its second Texas shallow well, reached total depth with potential oil pay of 4.3 m. It will be cased for testing; El Viejito #1 is still waiting for testing equipment. Victoria holds 20%.
21 Feb 2007drilling spud● NeutralMajor
Bow says Gamma-1 spudded 21 Feb in the Wompi Block, planned to 1,504 m, with 6.1 mmbbl potential in one zone. Nora-1 (up to 6.5 mmbbl) follows. Victoria is fully carried and keeps 25%. Follows the dry Marracoonda-2.
21 Feb 2007drilling spud● Neutral
Victoria confirms Gamma-1 started drilling on 21 Feb in ATP 752P, planned to 1,504 m, with up to 6.1 mmbbl potential. It is the fifth well in the 16-well 2007 Cooper program. Duplicates Bow's announcement.
19 Feb 2007drilling result▼ BadMajor
Tunkalilla-1 reached 1,422 m with no hydrocarbon shows while drilling or on logs, and is being plugged and abandoned. This is a dry hole against 1.8 mmbbl potential. The rig moves to Telowie-1. Victoria held 15%.
16 Feb 2007drilling progress report● Neutral
Tunkalilla-1 is nippling up blowout preventers at 651 m after casing. Routine daily update with no new result; Victoria holds 15%.