Each one in plain English, with the numbers worked through for a shareholder.
31 Mar 2006drilling progress report● Neutral
Victoria, as operator, said Eagle North-1 horizontal drilling restarted as a new sidetrack from 4,028 metres using a conservative medium radius curve. A 4.5 inch liner and then a 320-metre horizontal bore were planned, with up to 1,000 barrels a day anticipated if successful. No result yet.
29 Mar 2006drilling progress report● Neutral
Drill stem test 1 is under way in the Mirage-4 Murta over 1,319-1,337 metres. The company repeats that the well came in high with oil shows and the up to 1,000 barrels a day target. No result yet.
28 Mar 2006drilling progress report● Neutral
Mirage-4 is pulling out to run drill stem test 1 over the Murta from 1,319 to 1,337 metres, after oil shows continued for a further 9 metres. No test result yet; logs still to confirm the high interpretation.
27 Mar 2006drilling progress report▲ Good
Mirage-4 has oil shows in the Murta sands, drilled to 1,337 metres, and is interpreted as the highest Murta intersection in the field, 20 metres above the lowest known oil. A drill stem test follows; wireline logs must confirm the interpretation.
24 Mar 2006drilling progress report● Neutral
Mirage-4 is drilling ahead below 648 metres after testing the blow-out preventers. The production target is now stated as up to 1,000 barrels a day by mid-2006, back up from 800, and now tied to success at the follow-on Lightning and Jindivik wells.
23 Mar 2006drilling progress report● Neutral
Mirage-4 ran and cemented 9 5/8 inch casing to 648 metres and is installing blow-out preventers. Target remains up to 800 barrels a day by mid-2006 from the current 400. No results yet.
22 Mar 2006drilling progress report● Neutral
Impress's release repeats that Mirage-4 is preparing to run casing to 650 metres, with Victoria's target of up to 800 barrels a day by mid-2006. Impress's chairman says Lightning and Jindivik could allow up to 1,000 barrels a day. No results yet.
22 Mar 2006drilling progress report● Neutral
Mirage-4 is preparing to run 9 5/8 inch casing to 650 metres. Victoria's target is up to 800 barrels a day by mid-2006. No results yet.
21 Mar 2006drilling progress report▼ Bad
Sun Resources says Eagle North-1 horizontal drilling was delayed by mud motor, tool and mud circulation problems, still at 4,131 metres a week on. The plan is now a roughly 300-metre lateral, then a test. No oil result yet.
21 Mar 2006drilling progress report▼ Bad
Victoria confirms Eagle North-1 horizontal drilling is delayed by mud motor, tool and circulation problems, still at 4,131 metres. It now plans a lateral of about 300 metres, then a test; up to 1,000 barrels a day is still anticipated if successful.
21 Mar 2006drilling progress report● Neutral
Mirage-4 drilled to 650 metres and is preparing to run casing. The production target is now stated as up to 800 barrels a day by mid-2006, lowered from the earlier 1,000 target. No results yet.
20 Mar 2006drilling spud● Neutral
Drilling started on Mirage-4 on 19 March, targeting the Murta at 1,325 metres. It is the next Mirage development well after Mirage-3, with Victoria (40%) still targeting 1,000 barrels a day by mid-2006.
13 Mar 2006drilling progress report● Neutral
Sun Resources says Eagle North-1 horizontal drilling resumed after rig mechanical problems and is at 4,131 metres, still building the curve toward the Gatchell target. A drill stem test follows once the lateral is drilled. No flow result yet.
13 Mar 2006drilling progress report▲ Good
Mirage-3 is being completed as a Murta oil producer after 7 inch casing was run to 1,653 metres, to be perforated at 1,320-1,330.5 metres. Victoria (40%) still targets 1,000 barrels a day by mid-2006. No production rate yet.
10 Mar 2006drilling progress report● Neutral
Mirage-3 reached total depth of 1,661 metres and is pulling out to run logs. It repeats the earlier Murta test of about 324 barrels a day. No new results.
9 Mar 2006drilling progress report● Neutral
Mirage-3 is drilling ahead at 1,566 metres toward the deeper Birkhead and Hutton targets, repeating the earlier 324 barrels-a-day Murta test. Total depth is planned at 1,668 metres. No new results.
8 Mar 2006drilling progress report● Neutral
Oilex says Rookwood West-1 pressure data show the Boxvale sandstone is depleted, so it suits dump flooding, though water injection was lower than expected. The rig moves to Donga-3. Victoria holds 29.69% of ATP 608P.
7 Mar 2006drilling spud● Neutral
Victoria began drilling a horizontal lateral from Eagle North-1 on 7 March, after the vertical test failed. It targets the lower Gatchell sands; up to 1,000 barrels of oil a day is anticipated if successful. Drilling is expected to take about ten days.
7 Mar 2006drilling progress report● Neutral
Mirage-3 was preparing a drill stem test of the Murta at 1,330 metres, with oil shows seen over 1,319-1330 metres. Victoria (40%) still targets lifting output from 400 to 1,000 barrels a day by mid-2006. No flow result yet.
3 Mar 2006drilling progress report● Neutral
Eagle North-1 perforations passed a pump-in test, and about 400cc of oil percolated up when the well was opened. Nitrogen-assisted cleanup is under way to induce flow; no sustained flow yet. Next update due 7 March.
3 Mar 2006drilling progress report● Neutral
Mirage-3 is completing 9 5/8 inch casing at 636 metres before drilling ahead toward 1,668 metres. No results yet.
2 Mar 2006drilling progress report● Neutral
Mirage-3 is running and cementing 9 5/8 inch casing at 636 metres. No results yet.
1 Mar 2006drilling progress report● Neutral
Mirage-3 is drilling ahead at 636 metres in 12¼ inch hole toward the Murta target at 1,316 metres. No results yet.
28 Feb 2006drilling progress report● Neutral
Victoria repeats Oilex's news that the workover rig is rigging up at Rookwood West-1 for a 5-6 day dump flood, then moves to Donga-3 for a long-term production test. Victoria holds 29.69% of ATP 608P. Nothing new.
28 Feb 2006drilling progress report● Neutral
Mirage-3 is drilling ahead at 313 metres, with a proposed total depth of 1,668 metres. Primary target is the Murta sand at 1,316 metres. Nothing new on results.
27 Feb 2006drilling spud● Neutral
Victoria began drilling the Mirage-3 development well on 27 February, targeting the Murta oil sands at 1,316 metres. It still aimed to lift Mirage field output from about 400 to 1,000 barrels of oil a day by mid-2006; Victoria holds 40%.
27 Feb 2006drilling progress report● Neutral
Oilex says the Ensign No. 44 rig is rigging up at Rookwood West-1 for a 5-6 day water injection (dump flood) to lift pressure and improve production at Rookwood South-1. It then moves to Donga-3 for a long-term production test. Victoria holds 29.69%.
27 Feb 2006drilling progress report● Neutral
Sun Resources relays that Eagle North-1 was perforated over 20 metres and is checking the perforations before unloading fluids to start flow. Results due end of week. No flow yet.
27 Feb 2006drilling progress report● Neutral
Victoria says Eagle North-1 casing was perforated over two intervals between 4,142.8 and 4,163 metres; about five more days of well cleanup precede the oil flow test. Results expected end of the week. No flow yet.
24 Feb 2006drilling progress report● Neutral
Mirage-2 is completed as a potential Murta oil well and the rig released; it is shut in awaiting a swabbing unit to bring it into production. The rig moves to Mirage-3, 400 metres northeast. No production rate yet.
