Past year: ▲ 5900%(0.20c – 16.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
31 Jan 2013quarterly activities report▲ Good
December quarter report: West Klondike is a discovery with flow testing set for February. The Texas Fusselman well found oil, with first production expected in early February. Duvernay well was cored. Partners are reviewing funding options for the remaining Alberta acreage.
3 Jan 2013drilling result▲ GoodMajor
The Texas Fusselman well reached 9,883 ft and found pay; Tamaska has earned its 12.5%. Gross potential for two wells is 280,000 to 320,000 barrels, below the 350,000 to 450,000 earlier cited. Production is due within 15 days.
21 Dec 2012drilling progress report● Neutral
Fusselman well is drilling at 5,270 ft toward a planned 9,900 ft, about 15 days in total. No results yet.
19 Dec 2012drilling result● Neutral
Black Swan's Duvernay well reached its planned depth of 3,318 m and was logged. Two 27 m cores were recovered. Core analysis will inform whether a horizontal well follows from this location.
18 Dec 2012drilling spud▲ GoodMajor
The Clayton Johnson #3F Fusselman well in Borden County, Texas has spud and is drilling at 2,240 ft toward 9,900 ft. Tamaska earns 12.5% after casing point for about $200,000. Gross potential is 350,000 to 450,000 barrels.
17 Dec 2012drilling progress report● Neutral
Electric logs confirmed West Klondike as a discovery, with net pay of 4 ft in the Lario, 6 ft in the U Nod Blan and 35 ft in the L Nod Blan. Casing was run and flow testing was likely to start that week, with reserve estimates to follow.
13 Dec 2012drilling result▲ GoodMajor
Logs confirm West Klondike as a discovery: 4 ft of net pay in the Lario, 6 ft in the U Nod Blan and 35 ft in the L Nod Blan. Casing is being run for testing; reserve ranges are to follow. Tamaska holds 10.2%.
12 Dec 2012drilling progress report● Neutral
Duvernay well is drilling at 3,185 m, approaching the Duvernay section, with coring expected within the week and about 5 days to total depth.
11 Dec 2012drilling progress report▲ Good
West Klondike found a third gas show, over 47 ft in the L Nod Blan sand, with a fourth being drilled at 10,845 ft. Logs at the 10,900 ft total depth will decide commerciality.
10 Dec 2012drilling progress report▲ Good
West Klondike hit oil shows over 35 ft in the Lario sand and gas shows over 15 ft in the U Nod Blan, at 10,638 ft. Electric logs are needed to judge whether the shows are commercial.
5 Dec 2012drilling progress report● Neutral
Duvernay well is drilling at 2,941 m toward 3,296 m, with about 16 days to go. Mako is now named as a partner. No results yet.
3 Dec 2012drilling progress report● Neutral
West Klondike is drilling at 8,644 ft, with the first main target expected near 9,980 ft. No results yet.
28 Nov 2012drilling progress report● Neutral
Black Swan's Duvernay well is drilling at 2,377 m toward a planned 3,296 m. Tamaska's 3.2% interest is carried. No results yet.
26 Nov 2012drilling progress report● Neutral
West Klondike well is setting casing at 3,000 ft. No results yet; the target depth is 10,900 ft.
22 Nov 2012drilling spud▲ GoodMajor
West Klondike well, Wilberts Sons LLC #1, spudded and is drilling at 925 ft. Tamaska holds 10.2% and pays about US$460,000 to reach 10,900 ft. This ends the delays that pushed the spud back through 2012.
21 Nov 2012drilling scheduled● Neutral
West Klondike well is preparing to spud, with the rig on location and about 30 days expected to reach 10,900 ft. Tamaska's share of well cost is about US$460,000 for a 10.2% interest. Confirms the repeatedly delayed spud is imminent.
19 Nov 2012drilling spud▲ GoodMajor
Black Swan spudded the first Duvernay earn-in well on the Rimbey lands, a vertical test to 3,300 metres, taking about 35 days. Tamaska holds a 3.2% interest in the well and pays nothing. This delivers the carried well promised in the January sale.
26 Oct 2012annual report● Neutral
Re-release of the 2012 annual report already summarised on 27 September. The chairman's letter calls the year transformational and says Black Swan is preparing to drill its earn-in well by December 2012, with West Klondike due to spud in 1-2 months. No new figures in the text provided.
26 Oct 2012quarterly activities report● Neutral
September quarter report: cash $1.35m, down from $1.5m. Retains 8% of 103 Duvernay and 16% of 111 Rock Creek sections. West Klondike dry-hole share is now estimated at $440,000. Tamaska also secured the right to a 12.5% interest in a Texas Permian Fusselman well, costing about $200,000.
27 Sept 2012annual report● Neutral
Annual report to 30 June 2012 recaps the Warren acquisition and three acreage sales and farmouts for a net $2.1m. Tamaska keeps 8% of 105 Duvernay sections and 16% of 113 Rock Creek sections. West Klondike is now expected in the December quarter.
13 Aug 2012joint venture update▲ Good
Tamaska agreed with Black Swan Energy to expand the joint venture area to include its interest in 6.25 more sections and 7.75 recently acquired ones. Net cash to Tamaska is C$157,972, and it now holds a 1.6% carried Duvernay interest over 48 sections.
30 July 2012quarterly activities report● Neutral
June quarter report names Black Swan Energy as operator of the southern acreage, preparing to drill the first earn-in well in the December quarter. Net proceeds from the two sales were about $1.9m, cash is $1.5m, and West Klondike has slipped to September 2012.
25 May 2012admin correction● Neutral
Administrative notice setting 22 June 2012 as the final trading day for the TMKO options. It corrects the 25 June date in the previous day's notice.
24 May 2012security holder rights change● Neutral
Tamaska reminds holders its listed options (TMKO), exercisable at $0.05, expire 30 June 2012. The shares last traded at 0.1 cents, far below the exercise price, so exercise looks unlikely (inference). This closes the open option thread.
30 Apr 2012quarterly activities report● Neutral
March quarter report confirms the C$20m sale settled and the second 8-section sale gave Tamaska C$295,000. The 10.5-section Pembina sale failed because the buyer could not get approval. A $1.06m vendor loan was repaid, leaving no debt, and West Klondike has slipped to Q3 2012.
15 Mar 2012asset acquisition disposition▲ Good
Tamaska signed a letter of intent to sell the Duvernay rights under 10.5 Pembina sections to a Canadian buyer, at prices in line with earlier 2012 sales, with closing expected around 21 March. Rock Creek rights are kept. Price not stated.
12 Mar 2012half year report▼ Bad
Half-year accounts to 31 December 2011 show a net loss of $1,304,080, against $262,789 a year earlier. The review repeats the Warren acquisition and the C$20m acreage sale. Only part of the text was provided.
1 Feb 2012farm in farm out completion▲ GoodMajor
Partner Mako says the C$20m sale of 80% of 30 sections has closed. The buyer must fund a vertical Duvernay well by 31 December 2012. This completes the December letter of intent that brings Tamaska about C$1.6m.
27 Jan 2012asset acquisition disposition▲ GoodMajor
Tamaska and its partners completed a second sale, of Duvernay rights under 8 remote sections, price confidential, and bought 4.5 adjoining sections cheaply. The joint venture keeps 103 Duvernay and 111 Rock Creek sections; proceeds go to 2012 activities.
27 Jan 2012asset acquisition disposition● Neutral
Partner Transerv reports the joint venture sold its Duvernay rights under 8 sections to a major Canadian company, price confidential, and bought 4.5 more sections adjoining the new JV. It repeats Tamaska's own announcement of the same day.
