11 Apr 2007drilling result▼ BadMajor
Kewarra 1, Strike's first Cooper Basin well (15%), reached 1,630 m and found only a small oil accumulation in the Hutton Sandstone judged uneconomic. It is being plugged. McGall 1 shows elevated gas at 15,459 ft.
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11 Apr 2007drilling progress report● Neutral
Beach's weekly report shows Kewarra 1 at total depth of 1,630 m, preparing to plug and abandon. Duplicates Strike's own update the same day.
4 Apr 2007drilling progress report● Neutral
McGall 1 has its 7-5/8 inch liner set at 14,455 ft and is about to drill the main objectives. Kewarra 1 (15%) spudded 28 March and was drilling at 1,220 m toward 1,600 m. No new results.
4 Apr 2007drilling progress report● Neutral
Beach Petroleum's weekly report shows Kewarra 1 (Beach 85%, Strike 15%) drilling ahead at 1,220 m. Repeats information in Strike's own update; no new result.
28 Mar 2007drilling progress report● Neutral
McGall 1 is conditioning the hole at 14,445 ft before running a liner. Logs suggest the high-gas shallow zones are non-reservoir rock, though the gas and pressure are called encouraging. Kewarra 1 (15%, ~0.7 mmbbl) is about to spud.
21 Mar 2007drilling progress report▲ Good
McGall 1 is at 14,236 ft with significant gas shows in shallower intervals above the main targets, to be assessed by logging. Strike also exercised its option for 15% of Cooper permit ATP633P; Kewarra 1 is due to spud around 25 March.
14 Mar 2007drilling progress report● Neutral
McGall 1 is at 13,421 ft, with a 7-inch liner planned around 14,200 ft before the main objectives. Peltier 11-12 is shut in for a pressure build-up; Strike repeats that flow to date is low versus the logs.
9 Mar 2007drilling progress report● Neutral
McGall 1 is drilling at 12,015 ft in a slightly deviated hole toward 16,500 ft. Peltier 11-12 testing continues, with bottom-hole pressure being lowered to try to start inflow. Strike's weekly reports move to Wednesdays. No new results.
2 Mar 2007drilling progress report● Neutral
McGall 1 has 9⅝-inch casing set at 11,252 ft ahead of drilling on. Peltier 11-12 is on a deliberately low-rate production test; Strike's earning at Bear River is complete, leaving it with 33.75%. No flow rates reported yet.
23 Feb 2007drilling progress report● Neutral
McGall 1 is at 11,252 ft, preparing to set 9⅝-inch casing, target 16,500 ft. At Peltier 11-12, about 10 barrels of oil collected in the mud tank while conditioning the hole; a pump is due in days. No flow rates yet.
20 Feb 2007drilling progress report● Neutral
The completion rig is set up at Peltier 11-12, with testing expected by end of week, weather permitting. Once complete, Strike and Comet Ridge each hold 33.75% of Bear River. No new results.
16 Feb 2007drilling progress report● Neutral
McGall 1 is drilling at 9,325 ft toward 16,500 ft. Coal View 31-4 fishing ended, with a spring redrill planned. A pump rig is due at Peltier 11-12. Florence seismic starts mid-to-late March. No new results.
13 Feb 2007drilling result▼ BadMajor
Attempts to recover stuck pipe in Coal View 31-4 were abandoned. The plan is to re-enter after the spring thaw and redrill the last 2,000 ft, about 3 to 4 days of drilling. A pump goes into Peltier 11-12 this week.
6 Feb 2007drilling progress report● Neutral
Peltier 11-12 was drilled under budget, with a 5½-inch perforated liner run across three fractured Niobrara benches and the rig released. Coal View 31-4 fishing is extended two more days. Drilling resumes in the second quarter.
2 Feb 2007drilling progress report▲ Good
Strike repeats that Peltier 11-12 hit 6,700 ft with fractured Niobrara and oil shows, and will be completed. Webernick 5 is connected and selling gas. McGall 1 is at 3,258 ft. Coal View 31-4 fishing continues. The third proof-of-concept well is planned for Q2.
2 Feb 2007drilling result▲ GoodMajor
Peltier 11-12 reached 6,700 ft with all three Niobrara targets appearing fractured and oil and gas shows, including free oil. It will be completed now. Coal View 31-4 pipe is still stuck. Comet Ridge says both wells met pre-drill objectives.
30 Jan 2007drilling progress report▼ Bad
Drill pipe is stuck at 5,300 ft in Coal View Unit 31-4, but about 10 barrels of oil have circulated up, confirming a productive zone. The well may be suspended or sidetracked if the pipe isn't recovered. Peltier 11-12 is at 5,684 ft with minor shows.
30 Jan 2007drilling spud▲ GoodMajor
McGall 1 on the Flint prospect (25% WI, ~200 bcf potential, 16,500 ft target) spudded on 28 January and was at 751 ft. Strike funds 33⅓% of the A$7.8m dry-hole cost, about A$2.6m. Webernick 5 is testing a small Frio gas zone, and Coal View 31-4 has stuck pipe but is producing oil.
23 Jan 2007drilling progress report● Neutral
Comet Ridge says Coal View Unit 31-4 completion restarts 23 January after a 24-hour equipment delay. Peltier 11-12 is drilling at 4,022 ft, targeting up to 500,000 barrels. Strike holds 37.5% and 33.75%. No new results.
19 Jan 2007drilling progress report● Neutral
Weekly update: Webernick 5 completion is underway, the Flint rig is rigging up with spud expected within two weeks, Coal View Unit 31-4 completion is weather-delayed, and Peltier 11-12 is running casing. No new results.
19 Jan 2007drilling progress report● Neutral
Comet Ridge says Coal View Unit 31-4 completion should restart 22 January, weather permitting, as extreme cold shuts rigs across the region. Peltier 11-12 is preparing to run casing at 3,750 ft. Strike holds 37.5% and 33.75%.
16 Jan 2007drilling progress report▼ Bad
Comet Ridge says extreme cold (-37°C) delayed completion of Coal View Unit 31-4, with the workover rig on standby. Peltier 11-12, spudded 12 January, is at 1,833 ft. Strike holds 37.5% of Tow Creek and 33.75% of Bear River.
12 Jan 2007drilling progress report● Neutral
Weekly update: Webernick 5 is being completed, the Flint rig arrives next week, a workover rig has started testing Coal View Unit 31-4, and Peltier 11-12 is due to spud within 24 hours. No new results.
11 Jan 2007drilling result● Neutral
Webernick 5 at Mesquite reached 4,200 ft, and logs show a small potentially commercial gas zone in the shallow Frio. It will be completed for production testing. Further drilling awaits results. Strike holds 32.3%.
5 Jan 2007drilling spud▲ GoodMajor
Webernick 5 at Mesquite (32.3% WI) spudded on 3 January, targeting shallow zones above 5,000 ft. The Flint McGall 1 well (25%, ~200 bcf potential) has been brought forward to spud within a week. Peltier 11-12 is due to spud next week.
3 Jan 2007drilling progress report● Neutral
Comet Ridge says a completion rig arrives on Coal View Unit 31-4 early next week and Peltier 11-12 should spud mid-to-late week. Peltier targets up to 500,000 barrels; Strike funds 50% and holds 33.75%. Completing it finishes the earning requirements at Tow Creek and Bear River.
29 Dec 2006drilling result▲ GoodMajor
Coal View Unit 31-4 reached 6,600 ft on 25 December with oil and gas shows over 245 feet of the main Niobrara target, which logs suggest is fractured. It will be completed for testing in January. Webernick 5 and Flint wells are also scheduled.
22 Dec 2006drilling progress report● Neutral
Comet Ridge reports Coal View Unit 31-4 casing set at 4,795 ft and about to drill the Niobrara target, with the first reservoir expected at about 5,100 ft. A major winter storm continues to affect operations.
15 Dec 2006drilling progress report● Neutral
Comet Ridge reports Coal View Unit 31-4 drilling at 4,328 feet after setting casing to counter mud losses. First reservoir interval expected early next week. The rig then moves to Peltier 11-12, four miles away.
8 Dec 2006drilling progress report▼ Bad
Comet Ridge reports a rig component broke down, costing 5 days, but drilling has resumed. Coal View Unit 31-4 now expected to reach 6,600 ft by Christmas, versus about two weeks from 1 December. Peltier 11-12 permit now received.