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.
10 Sept 2008annual report● Neutral
Annual financial report for the year to 30 June 2008. Text is truncated before the financial statements, so no results, figures or audit opinion can be reported. Shows the board, including Patten, Bajada and Short appointed 27 March 2008, and Hoops's resignation that day.
8 Sept 2008flow test result▲ GoodMajor
Growler-3 (Victoria operator, 40%) flowed 47-degree API oil at 1,673 bopd with no water, from a 19 m column and 13 m net pay. Compared with ~200 bopd field output, Growler-3 and 4 are targeted on stream in October 2008. Rig moves to Warhawk-1.
8 Sept 2008flow test result▲ Good
Impress reports Growler-3 flowed oil at 1,673 bopd on test, with 13 m net pay. The chairman says Growler results exceed expectations and will lead to a substantial reserves upgrade. Re-reporting of Victoria's operator announcement.
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.
2 Sept 2008investor presentation● Neutral
Corporate presentation at the Good Oil Conference. It repeats known facts: 21c share price, $67m market cap, $17.7m cash at 30 June, QGC 19.24%, and a 24-well drilling program. Text is truncated.
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 2008regulatory community update● Neutral
Empire received approval on 15 August to drill Bee-Eater-1 (EP 359), in which Victoria holds 31.65. The well will be drilled after Lake MacLeod-1, and Rainbow-1 would follow only on a Bee-Eater discovery.
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.
14 Aug 2008other● Neutral
Empire Oil & Gas reports Lake MacLeod-1 rig mobilisation is due 28 August, with Bee-Eater-1 (EP 359) to follow. Victoria holds 31.65% of Bee-Eater-1, whose structure is estimated at up to 5 million barrels recoverable. This is a new Victoria exposure, in Empire's permit.
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.
31 July 2008other● Neutral
Odin Energy announcement titled 'Farmin to Prime Cooper Basin Acreage'. Only the title is available; no content to summarise. Text not readable.
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.
25 June 2008production update▲ Good
Victoria reports Growler (40%, operator) averaging 200 bopd, with pumps able to reach 365. Growler-3 and 4 are planned, and production could reach 400 bopd by end 2008. Exploration drilling is planned from early August. Oil in place is 7.7 million barrels (P50).
24 June 2008production update▲ Good
Impress reports the Growler extended production test (Victoria operator, 40%) is lengthened from 100 to 150 days. Pump faults and rain shut in the wells briefly. The JV now plans Growler-3 and Growler-4 from about August, aiming at 750-1,000 bopd by end 2008.
