17 Feb 2006drilling progress report● Neutral
Enterprise Energy repeats the operator's Geordie-1 report: 2,138 metres, 178 metres drilled in 24 hours, Tinchoo expected Saturday. Nothing new.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
17 Feb 2006drilling progress report● Neutral
Sundance repeats the operator's Geordie-1 report: 2,138 metres, drilling ahead through the Poolowanna, with the Tinchoo target expected Saturday. Nothing new.
17 Feb 2006drilling progress report● Neutral
Operator Cooper Energy reports Geordie-1 at 2,138 metres, drilling ahead through the Poolowanna, with the Tinchoo target expected Saturday. No result yet.
17 Feb 2006drilling result▲ Good
Lakes Oil (15% partner) repeats Victoria's report that Eagle North-1 logs indicate oil in the Gatchell sand, 7 metres net pay over 4,136-4,157 metres. Nothing new.
17 Feb 2006drilling result▲ GoodMajor
Sun Resources relays that Eagle North-1 logs show about 7 metres of net oil pay in the Gatchell sand (4,136-4,157 m), similar to the 1986 Mary Bellocchi-1 well. Casing and a test follow next week. A first positive sign, not yet a flow result.
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%.