Each one in plain English, with the numbers worked through for a shareholder.
5 Feb 2014drilling progress report● Neutral
Beach Energy's January drilling report covers its own Cooper Basin wells. For Senex, it notes Spitfire-4 was cased as a producer and that Beach saw no reservoir in Growler-12 and chose not to participate. Little new for Senex shareholders.
5 Feb 2014drilling progress report▲ Good
January report: 19 oil wells drilled in FY14, 17 cased and suspended. Acrasia-8 found 29.8 m net pay, Spitfire-4 13.8 m, Mirage-5 12.1 m in Murta. Growler-12 could not confirm net pay but was cased at Senex's sole risk.
8 Jan 2014drilling progress report● Neutral
Beach Energy's December drilling report covers its own Cooper Basin activity. For Senex, it notes Growler-13 (PPL 242, Senex 60%, Beach 40%) hit oil-saturated Birkhead and was cased and suspended. No new Senex information.
8 Jan 2014drilling progress report▲ Good
December report: 15 oil wells drilled since 1 July, 13 cased for future production. Growler-13 found about 10 m of oil-saturated pay; Vintage Crop-3 about 7 m net pay (3.8 m Murta, 3 m Birkhead). Acrasia-6 results restated; Acrasia-8 drilling.
9 Dec 2013drilling result▲ GoodMajor
Acrasia-6 (PPL 203, Senex 100%) reached 2,369 m with about 31 m of net oil pay and 15 m possible, plus a new upper Tinchoo oil accumulation. Acrasia-8 is planned next and facility upgrades are planned. Arrabury pay is not yet known pending core analysis.
4 Dec 2013drilling progress report▲ Good
November report: 12 oil wells drilled since 1 July, 10 cased for future production. Burruna-3 found new Birkhead oil, Acrasia-6 has good shows, Vintage Crop-3 is still drilling, and the western flank program, including Growler-12 and -13, is next. Mostly repeats known results.
29 Nov 2013resource reserve update▲ GoodMajor
Senex books its first Murta Formation contingent oil resource: 4.9 mmbbl 2C (1.6 1C, 10.4 3C) net, with up to 82.6 mmbbl oil in place, independently assessed by DeGolyer and MacNaughton. A pilot horizontal well is planned, with initial results expected this financial year.
20 Nov 2013drilling result▲ GoodMajor
Burruna-3 (PEL 115, Senex 80%) reached 1,664 m, confirmed the Namur oil of Burruna-2 and found about 3 m of net pay in a new lower Birkhead accumulation, pending logging. This is a positive appraisal result for the field discovered with Burruna-2.
12 Nov 2013drilling result● Neutral
Tellus's final report: Pirie-1 (PEL 105) was cased and suspended as a potential Birkhead oil producer; the rig was released 9 Nov. It missed its Tirrawarra target after engineering problems and logs show poor sand quality. Senex holds 50% subject to approval, rising to 70% after a further well by 30 June 2014.
6 Nov 2013drilling progress report▲ Good
Orca forwards Senex's update: Burruna-3 appraisal (Orca 20%) spuds later this week, 564 m southeast of Burruna-2, to about 1,666 m. Burruna-2 is flowing at a constrained 1,000 bopd.
6 Nov 2013drilling progress report● Neutral
October report: Dunlop-1 (1,200 bopd) to be completed in November; Sprigg-1 cased with 6.3 m Murta pay; Pirraminta-2 dry; Pirie-1 cased as a potential Birkhead producer after oil shows. Burruna-3 starts this week; Spitfire-4, Vintage Crop-3, Acrasia-6 to follow.
4 Nov 2013drilling result▲ GoodMajor
Sprigg-1 in PEL 514 reached 2,472 m and intersected 6.3 m of interpreted net pay in the Murta Formation, plus shows in the Arrabury and Birkhead. Casing is being run; further cased-hole tests depend on rig availability.
4 Nov 2013drilling result▼ BadMajor
Pirraminta-2 in PEL 514 reached 1,771 m and found no significant hydrocarbons. It was cased and suspended as a future water well. This is a dry hole, and the second of the two farm-in wells due by end November 2013.
23 Oct 2013drilling progress report● Neutral
Sprigg-1 is preparing to run casing and plan a drill stem test over an interpreted 6.3 m net log pay in the Murta Formation from 1,593 m. No test result yet.
22 Oct 2013drilling spud● Neutral
Pirraminta-2 in PEL 514 spudded on 22 October, planned to 1,740 m. It is the second of two wells Senex must drill by end November 2013 under the Planet Gas farm-in.
21 Oct 2013drilling progress report● Neutral
Sprigg-1 in PEL 514 reached total depth of 2,470 m on 20 October and is being logged. It is the first of the two wells Senex must drill by end November 2013; Planet Gas is free carried.
18 Oct 2013drilling spud● Neutral
Planet Gas says Pirraminta-2 in PEL 514 (Senex 80% operator, Planet Gas 20% free carried) is about to spud, targeting the Murta Formation to 1,740 m. Sprigg-1 spudded 6 October and was at 1,546 m. Both count toward the farm-in's two wells due by end November 2013.
15 Oct 2013drilling progress report● Neutral
Tellus weekly report: Pirie-1 (PEL 105, Senex 50% subject to approval) is at 1,922 m after cementing surface casing and drilling 764 m this week. Continuing toward a 3,100 m target. No results yet.
10 Oct 2013drilling result▲ GoodMajor
Dunlop-1 in PEL 113 (Senex 100%) is a new oil discovery, flowing 1,200 barrels a day from about 3 m of McKinlay pay; up to 9 m of Murta pay is still to be tested. TD 1,469 m. It will produce this quarter.
8 Oct 2013drilling progress report● Neutral
Tellus weekly report: Pirie-1 (PEL 105, Senex 50% subject to approval) reached 1,158 m, with surface casing delayed when it stuck at 850 m. Drilling continues toward a 3,100 m target. No results yet.
2 Oct 2013drilling progress report▲ Good
September report: in the first three months of the program six wells were drilled and five cased as future producers. Kobari-2, Acrasia-7 (6.3 m net pay) and Ventura-2 (13.4 m net pay) are cased and suspended; Burruna-2 is being completed. Dunlop-1 spudded 1 October; Pirie-1 spudded 30 September.
2 Oct 2013drilling progress report▲ Good
Orca forwards Senex's September drilling report: Burruna-2 (Orca 20%) is completed for production, with an extended test due next week. Also notes 18 m of Murta core with free oil and fluorescence over 14 m. Other well details repeat known results.
11 Sept 2013farm in farm out agreement▲ GoodMajor
Tellus Resources agrees to farm out PEL 105 in the Cooper Basin to Senex. Senex gets 50% by paying $3.5m towards the Pirie-1 well, and rises to 70% (Tellus 30%) by funding another well by 30 June 2014, subject to ministerial approval. Tellus cites up to 3 million barrels recoverable.
4 Sept 2013drilling progress report● Neutral
Orca forwards Senex's August drilling report, highlighting Burruna-2 (Orca 20%) as a future oil producer with over 750 barrels a day in testing. Repeats known results.
4 Sept 2013drilling progress report▲ Good
August report: Ventura-2 (PPL 214, 100%) is cased as a future producer with about 12 m net pay; Burruna-2 is cased and suspended; Acrasia-7 is drilling. Mustang-1 is being recompleted with a high-rate pump. Kobari-2, Dunlop-1, Sprigg-1 and Acrasia-6 are next.
4 Sept 2013drilling scheduled● Neutral
Planet Gas says Sprigg-1 in PEL 514 (Senex 80% operator, Planet Gas 20%) will spud in late September 2013, targeting 2,464 m. It is the first of two wells Senex must drill by November 2013 under the farm-in.
23 Aug 2013drilling result▲ GoodMajor
Burruna-2 in PEL 115 (Senex 80%) is an oil discovery: 5.3 m net pay in the Namur, with oil flowing over 750 barrels a day without water in testing. It will be cased as a future producer, the first exploration success of the 30+ well campaign.
23 Aug 2013drilling result▲ Good
Partner Orca (20%, free carried) reports the Burruna-2 discovery: 5.3 m net Namur pay and over 750 barrels a day flowing, to be cased as a producer. Orca also notes Fury-1's earlier Murta oil column. Repeats Senex's result; no new information for Senex.
20 Aug 2013resource reserve update● Neutral
Planet Gas reports initial gross reserves for the Sprigg field in PEL 514 (Senex 80% operator): 1P nil, 2P 188 thousand barrels, 3P 725.6 thousand barrels. Senex is finalising plans for the Sprigg-1 well.
7 Aug 2013drilling spud● Neutral
Orca notes Senex began drilling Burruna-2 on 6 August in the Fury JV (Senex 80%, Orca 20%), targeting 1,870 m in the Murta Formation. Orca is free carried. The Orca shareholder meeting on the PEL 115 sale was due 7 August.
