Each one in plain English, with the numbers worked through for a shareholder.
29 May 2007drilling result● Neutral
West Florence-1 reached total depth of 1,957 m, shallower than the planned 2,134 m, and wireline logs were run. Hydrocarbon shows were seen while drilling; their significance is still being assessed, so no result yet.
25 May 2007drilling progress report● Neutral
West Florence-1 is at 1,781 m, nearing the Muddy J target at about 1,800 m. The participant table now shows Mountain at 25% plus a 15% private American interest, replacing the earlier 40% for Mountain; Victoria stays at 25%.
25 May 2007drilling progress report● Neutral
Fall River Resources re-releases the West Florence-1 depth of 1,781 m. Duplicate of Victoria's release; no new information.
24 May 2007drilling progress report● Neutral
West Florence-1 is drilling ahead at 1,730 m toward 2,134 m total depth; main Muddy J target about 1,800 m is close. Routine update with no new result.
24 May 2007drilling progress report● Neutral
Fall River Resources re-releases the West Florence-1 depth of 1,730 m. Duplicate of Victoria's release; no new information.
23 May 2007drilling progress report● Neutral
West Florence-1 is drilling ahead at 1,658 m toward 2,134 m total depth; main Muddy J target about 1,800 m. Routine update with no new result.
23 May 2007drilling progress report● Neutral
Fall River Resources re-releases the West Florence-1 depth of 1,658 m. Duplicate of Victoria's release; no new information.
22 May 2007investor presentation● Neutral
Media release says Victoria has a 20-well program over eight months (14 Australian, six US). Management targets Cooper gross oil rising from 250 to 1,000 bopd by year end; West Florence-1 reported at 1,519 m on 21 May. Mostly repeats known facts.
21 May 2007drilling progress report● Neutral
West Florence-1 is at 1,343 m toward 2,134 m total depth; main target about 1,800 m. Routine update with no new result.
21 May 2007investor presentation● Neutral
Victoria lodges its corporate presentation for the Excellence in Upstream Energy Conference on 22-23 May 2007. The provided text is mostly general energy-market background and is truncated; no new company results are visible.
18 May 2007drilling spud● Neutral
Sun Resources says Agavero #1, the first of the final three shallow Margarita wells, should spud at the weekend. Victoria holds 20%; Agavero mean potential is 0.7 bcf. The program is expected to run to end August 2007; deep wells could follow late September quarter if Empyrean exercises its option.
18 May 2007drilling progress report● Neutral
West Florence-1 is drilling ahead at 1,334 m toward 2,134 m total depth; main target about 1,800 m. Routine update with no new result.
18 May 2007drilling progress report● Neutral
Fall River Resources re-releases the West Florence-1 depth of 1,334 m, adding wording that the 100-200 bcf gas and 15 mmbbl oil figures are prospective resources with no certainty they are present. Otherwise duplicate of Victoria's release.
17 May 2007drilling progress report● Neutral
West Florence-1 is drilling ahead at 1,306 m toward 2,134 m total depth; main target about 1,800 m. Routine update with no new result.
15 May 2007joint venture update● Neutral
Partner Sun Resources announces the new Redback joint venture in South Texas with Wandoo: Sun 37.5%, Victoria 37.5%, Wandoo 25%. Sun and Victoria fund a US$360,000 six-month seismic evaluation; first drilling aimed for late December quarter 2007. Duplicate of Victoria's own release.
15 May 2007joint venture update▲ GoodMajor
Victoria enters the Redback gas exploration joint venture in South Texas with Wandoo (operator, 25%), holding 37.5% alongside Sun at 37.5%. Victoria and Sun fund a US$360,000 six-month seismic review, with at least 7 prospects already seen; first well aimed for December 2007.
15 May 2007drilling progress report● Neutral
Fall River Resources re-releases the West Florence-1 depth of 1,237 m (as at 14 May). Duplicate of Victoria's release; no new information.
15 May 2007drilling progress report● Neutral
Growler-2 is still waiting on weather at 108 m after rain; drilling may resume in 3-4 days. Re-states earlier Growler resource figures and management's Jurassic oil fairway claims. No new result.
15 May 2007drilling progress report● Neutral
West Florence-1 is drilling ahead at 1,295 m toward 2,134 m total depth; main target about 1,800 m. Routine update with no new result.
14 May 2007drilling progress report● Neutral
West Florence-1 is drilling ahead at 1,237 m toward 2,134 m total depth; main target about 1,800 m. Routine update with no new result.
11 May 2007drilling progress report● Neutral
Fall River Resources re-releases the West Florence-1 depth of 1,170 m. Duplicate of Victoria's release; no new information.
11 May 2007drilling progress report● Neutral
West Florence-1 is drilling ahead at 1,170 m toward 2,134 m, with the main J sandstone target at about 1,800 m. Victoria holds 25%. Routine update with no new result.
10 May 2007drilling progress report● Neutral
Fall River Resources reports West Florence-1 at 1,078 m and raises the stated oil potential to about 15 million barrels combined across three formations. Duplicate of Victoria's release.
10 May 2007drilling progress report● Neutral
West Florence-1 is drilling ahead at 1,078 m. Oil potential is now stated as about 15 million barrels cumulatively across the Pierre, Niobrara and Codell formations, alongside 100-200 bcf of gas potential, if present. Victoria holds 25%. No new result.
10 May 2007drilling spud● NeutralMajor
Growler-2, an appraisal well 705 m from the Growler-1 oil discovery, began drilling 8 May 2007 and is waiting on weather at 108 m; planned depth 1,785 m. Victoria operates with 40%. Growler P50 oil in place is 5.7 mmbbl, 1.4 mmbbl recoverable.
9 May 2007drilling progress report● Neutral
Fall River Resources reports West Florence-1 drilling ahead at 904 m. Duplicate of Victoria's release; no new result.
9 May 2007drilling progress report● Neutral
West Florence-1 is drilling ahead at 904 m toward 2,134 m total depth; main target at about 1,800 m. Routine update with no new result.
8 May 2007drilling progress report● Neutral
West Florence-1 is drilling ahead at 684 m toward a planned 2,134 m total depth, with the main J sandstone target at about 1,800 m. Victoria holds 25%. Routine update with no new result.
8 May 2007drilling progress report● Neutral
Fall River Resources, a West Florence partner, re-releases the spud news: drilling at 502 m. It lists Victoria at 25% and Fall River at 15%, with a table that differs slightly from Victoria's. Duplicate of Victoria's release.
7 May 2007flow test result▲ GoodMajor
Impress reports that re-perforating Growler-1 lifted stabilised flow to 30 bopd from the 20-25 bopd of the November 2006 test. It expects about 160 bopd initially on pump, possibly over 250 bopd if it cleans up. Growler-2 is about to start.
