Each one in plain English, with the numbers worked through for a shareholder.
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 2007half year report▼ Bad
Half-year to 31 Dec 2006: net loss $971,672 versus a $538,319 profit a year earlier. Cash was $4.99m plus $4.32m of held-for-trading investments. Shares were consolidated 1-for-10 in December, and 47.9m bonus options (25c, expiring Jan 2010) were issued on 1 Feb 2007.
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.
7 Mar 2007flow test result● Neutral
Re-issue of the Margarita status report: El Viejito #1 flowed up to 210 mscfd and stabilised at 175 mscfd on a choked test; Dos Dedos #1 has 3.5 m of gas pay; Milagro #1 test due 7 March. Little new beyond the 6 March report. Victoria holds 20%.
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%.
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 2007flow test result▲ GoodMajor
El Viejito #1 flowed gas at up to 210 mscfd and stabilised at 175 mscfd on a choked test. Dos Dedos #1 found 3.5 m of gas pay in 3 zones. Gas contracts are being sought; Victoria holds 20%.
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 2007other● Neutral
ARC Energy cover note forwarding Origin's Jingemia 11 start announcement. It adds no new information.
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 2007other● Neutral
Beach Petroleum weekly drilling report, a third-party document. It shows Telowie-1 drilling ahead at 1,306 m, with Victoria (VPE) at 15%. Nothing new.
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.
