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.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
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.
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.
13 Dec 2011farm in farm out agreement▲ Good
Partner Mako reports the same letter of intent: 80% of 30 sections sold for C$20m (C$10m to Mako), with a carry on two wells. The buyer is unnamed. Confirms the Tamaska deal; Tamaska's own share is about C$1.6m.
13 Dec 2011farm in farm out agreement▲ GoodMajor
Tamaska and its Alberta partners signed a letter of intent for a Canadian company to buy 80% of 30 sections for C$20m cash (Tamaska's share about C$1.6m), with the partners carried through the first two Duvernay wells. This is the first deal from the Macquarie sale process.
24 Nov 2011drilling result▼ BadMajor
Logs show the Lyons Point well is not commercial and partners will plug and abandon it. Kilgore's 10% share was a paid US$923,000 dry-hole cost. This resolves the well thread negatively, leaving West Klondike and the Alberta sale as the main hopes.
21 Nov 2011drilling progress report● Neutral
Lyons Point well reached an extended total depth of 16,500 ft, 200 ft deeper than planned, after drilling into what is expected to be the Marg Tex 3 sands. Electric logs will now be run to assess hydrocarbons.
14 Nov 2011drilling progress report● Neutral
Lyons Point well crossed the key trapping fault around 15,000 ft as expected and is drilling slowly through hard shale at 15,758 ft. No reservoir results yet.
7 Nov 2011drilling progress report● Neutral
Lyons Point well is drilling at 15,255 ft, 3-4 days from the first reservoir target at 15,500 ft. No results yet.
31 Oct 2011drilling progress report● Neutral
Lyons Point well has set casing at 14,200 ft and is preparing to drill ahead, about 12 days from the 15,500 ft first target. No results yet.
24 Oct 2011drilling progress report● Neutral
Lyons Point well is drilling ahead at 13,973 ft, about 24 days from the first reservoir target, now given as 15,500 ft. No results yet.
17 Oct 2011drilling progress report● Neutral
Lyons Point well is drilling ahead at 12,662 ft, with the first objective at 15,800 ft about 30 days after the final casing at 14,200 ft. No results yet.
10 Oct 2011drilling progress report● Neutral
Lyons Point well is setting intermediate casing at about 12,000 ft, with the first objective still expected at 15,800 ft. No results yet.
3 Oct 2011drilling progress report● Neutral
Lyons Point well is drilling ahead at 11,587 ft, with the first primary objective expected at 15,800 ft. No results yet.
26 Sept 2011drilling progress report● Neutral
Lyons Point well (Kilgore 10%) is drilling ahead at 9,769 ft toward a 16,300 ft target. No hydrocarbon results yet.
19 Sept 2011drilling progress report● Neutral
Lyons Point well is completing a casing run at 4,016 ft, against a 16,300 ft target. No hydrocarbon results yet.
14 Sept 2011drilling spud▲ GoodMajor
The Pruittet et al #1 well at Lyons Point spudded 13 September 2011 and was at 1,248 ft. Target depth is 16,300 ft, about 45 days. Kilgore holds 10% WI. Resolves the long-awaited spud.
9 Sept 2011farm in farm out agreement● NeutralMajor
Kilgore buys a further 5.2% of West Klondike for about $40,000 of back costs, lifting its interest to 10.2%, at about US$360,000 dry-hole cost. Well due October. Company describes a strategy of testing exploration prospects alongside Canadian farmout.
8 Sept 2011drilling scheduled● Neutral
Operator confirms the Lyons Point well, in which Kilgore holds 10%, will spud early next week, targeting 3 MMBC and 60 BCF. Kilgore's US$923,000 dry-hole share is paid. Spud slipped from the late August expectation.
29 Aug 2011farm in farm out agreement● NeutralMajor
Kilgore swaps 5% of Lyons Point to Grand Gulf for 5% of the West Klondike prospect in Louisiana, keeping 10% of Lyons Point and receiving about $424,000 of prepaid drilling costs. West Klondike targets 2 MMBL and 6 BCF, spud expected October.
29 Aug 2011farm in farm out agreement● Neutral
Partner Grand Gulf's release says it swapped a 5% West Klondike interest for 5% of Lyons Point with Kilgore, leaving Kilgore with 10% of Lyons Point. Well timing now second week of September, versus late August earlier.
1 Aug 2011farm in farm out completion● NeutralMajor
Warren Energy acquisition completed for 2.2bn shares, giving 16% of Rock Creek and 8% of Duvernay Shale in Alberta; $1.5m placement at $0.001 secured. Anthony Short and David Ballantyne resign; Charles Morgan and Brett Mitchell join the board. About $1m acreage cost is repayable from the next raising.