Each one in plain English, with the numbers worked through for a shareholder.
17 Feb 2006drilling result▲ GoodMajor
Victoria says Eagle North-1 logs indicate oil in the Gatchell sand, 7 metres net pay in a 21 metre interval (4,136-4,157 m), resembling Mary Bellocchi-1. It will be cased and tested over about 8 days; a horizontal side-track could flow up to 1,000 bopd. Oil not yet flowed.
17 Feb 2006drilling progress report● Neutral
Victoria repeats the operator's Geordie-1 update: drilling ahead at 2,138 metres. Victoria holds 10%. No result yet.
17 Feb 2006drilling result▲ Good
Mirage-2 logging is complete and the well will be cased as a potential Murta oil producer, with a short flow test to follow. Preliminary core oil saturations remain similar to producing Mirage-1. First of three development wells; no flow rate yet.
16 Feb 2006drilling progress report● Neutral
Enterprise Energy repeats the operator's Geordie-1 report: 1,960 metres, 250 metres drilled in 24 hours, Hutton objective expected today. Nothing new.
16 Feb 2006drilling progress report● Neutral
Mirage-2 reached total depth of 1,655 metres, short of the 1,687 metre plan, and is being logged. The earlier preliminary Murta oil shows (1,322-1,337 m) are repeated; logs and core analysis will test them. Gross production is quoted at 380 bopd.
16 Feb 2006drilling progress report● Neutral
Operator reports Geordie-1 at 1,960 metres in the basal Birkhead section, with the Hutton objective expected today. Victoria holds 10%. No result yet.
16 Feb 2006drilling progress report● Neutral
Victoria repeats the operator's Geordie-1 update: drilling ahead at 1,960 metres. Victoria holds 10%. No result yet.
16 Feb 2006drilling progress report● Neutral
Victoria reports Eagle North-1 reached total depth of 4,219 metres and is pulling out to run wireline logs on the gas show; results are expected in 12-18 hours. Oil is still unconfirmed.
16 Feb 2006drilling progress report● Neutral
Sun Resources reports Eagle North-1 reached total depth of 4,219 metres and is being logged to assess the 4,167-4,175 metre gas show. Log results are expected within 24 hours, then a JV decision on testing.
16 Feb 2006drilling progress report● Neutral
Sundance repeats the operator's report: Geordie-1 at 1,960 metres, Hutton objective expected today. Nothing new.
15 Feb 2006drilling progress report● Neutral
Operator reports Geordie-1 drilling ahead at 1,710 metres, with the Hutton target expected Thursday. Victoria holds 10%. No result yet.
15 Feb 2006drilling progress report● Neutral
Sundance repeats the operator's report: Geordie-1 at 1,710 metres, drilling ahead, Birkhead/Hutton target expected Thursday. Nothing new.
15 Feb 2006drilling progress report● Neutral
Eagle North-1 is at 4,184 metres after hitting the Gatchell sand at 4,162 metres with a gas show but no oil fluorescence. Wireline logs are due at total depth within 24-48 hours. Oil is still unconfirmed.
15 Feb 2006drilling progress report● Neutral
Enterprise Energy repeats the operator's Geordie-1 report: 1,710 metres, 683 metres drilled in 24 hours, Hutton units expected by Thursday. Nothing new.
15 Feb 2006drilling progress report● Neutral
Victoria repeats the operator's Geordie-1 update: drilling ahead at 1,710 metres. Victoria holds 10%. No result yet.
15 Feb 2006drilling progress report● Neutral
Mirage-2 is drilling ahead at 1,595 metres toward 1,687 metres. The earlier preliminary oil shows in the Murta cores are repeated; logs and core analysis will test them. Nothing new.
14 Feb 2006drilling progress report● Neutral
Sun Resources repeats Victoria's Eagle North-1 update: target Gatchell sand hit at 4,162 metres with a gas show, no oil fluorescence, drilling to total depth. Logs needed to judge oil. Nothing new.
14 Feb 2006drilling progress report● Neutral
Enterprise Energy repeats the operator's Geordie-1 report: 1,027 metres, 263 metres drilled in 24 hours, heading to the Birkhead/Hutton target. Nothing new.
14 Feb 2006drilling progress report● Neutral
Operator reports Geordie-1 drilling ahead at 1,027 metres after testing blowout preventers; the Hutton target is expected Thursday. Victoria holds 10%. No result yet.
14 Feb 2006drilling progress report● Neutral
Mirage-2 is at 1,537 metres, changing the bit before drilling to 1,687 metres. The two Murta cores (1,322-1,337 m) still show preliminary oil saturations similar to Mirage-1; logs and core analysis will test this. Gross output is quoted at 400 bopd.
14 Feb 2006drilling progress report● Neutral
Sundance repeats the operator's report: Geordie-1 at 1,027 metres, Birkhead/Hutton target expected Thursday. Nothing new.
14 Feb 2006drilling progress report● Neutral
Victoria repeats the operator's Geordie-1 update: drilling ahead at 1,027 metres, with the prospect background restated. Victoria holds 10%. No result yet.
14 Feb 2006drilling progress report● Neutral
Eagle North-1 hit the target Gatchell sandstone at 4,162 metres, as seismic predicted, with a gas increase at 4,167-4,175 metres. No oil fluorescence was seen, which Victoria attributes to drilling conditions. Logs at about 4,220 m total depth will decide.
13 Feb 2006drilling spud● Neutral
Victoria confirms Geordie-1 (PEL 88, Cooper Basin) began drilling 10 Feb, first of its planned eight 2006 Cooper exploration wells. Target depth 2,600 m, about 20 days. Victoria holds 10%; mean 7.5 million barrels if oil is present.
13 Feb 2006drilling progress report● Neutral
Sundance repeats that Geordie-1 spudded 10 February and is at 754 metres, with 18-23 days expected to drill and evaluate. It cites 7.5 million barrels mean recoverable and a 15% chance of success. Victoria holds 10%.
13 Feb 2006drilling progress report● Neutral
FAR repeats Victoria's Eagle North-1 update: 4,136 metres in the sidetrack, drilling ahead to target. FAR holds 15%. Nothing new.
13 Feb 2006drilling result▲ GoodMajor
Impress says Mirage-2 found an oil-saturated Murta section similar to producing Mirage-1, with oil indications from 1,322 to 1,337 metres in two cores. The well will be drilled to about 1,620 metres, then completed. Early positive sign for the development program.
13 Feb 2006drilling result▲ GoodMajor
Victoria reports oil shows in two Murta cores at Mirage-2 (1,322-1,337 metres), preliminarily similar to producing Mirage-1. Logs and core analysis will test their significance. Drilling continues at 1,374 metres toward 1,687 metres. Quoted gross output is now 400 barrels a day.
13 Feb 2006drilling progress report● Neutral
Enterprise Energy repeats the operator's Geordie-1 report: spudded 10 February, 754 metres, testing blow-out preventers. First reservoir zone is expected about seven days after spud. Victoria holds 10%. Nothing new.
13 Feb 2006drilling progress report● Neutral
Sun Resources reports Eagle North-1 at 4,136 metres, with the target and total depth of 4,206 metres expected within 5-6 hours, after which logging and coring follow. No oil result yet.
