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Stuart Notes DST Results from Acrasia 5 Well
Stuart advised the following update regarding progress on the Acrasia 5 development well.
8:00 PM EST | October 21, 2010
Stuart Drills Ahead at Acrasia Well
Stuart Petroleum advised that as planned, the Acrasia 5 Development well spudded at 16:00 on Saturday October 9.
8:00 PM EST | October 10, 2010
Stuart to Commence Drilling at Acrasia Well
Stuart advised that Hunt Rig 2 is on site, earthworks are completed, and that drilling will commence shortly at the Acrasia 5 development well.
8:00 PM EST | October 07, 2010
Stuart Turns On Taps at Worrior Well
Worrior-7 well has been tied into the Worrior Oil Field facilities. The well commenced production at 2,300 barrels of oil per day.
8:00 PM EST | September 05, 2010
Stuart Updates Drilling Activities at Cooper Basin
Stuart updated regarding the drilling of its Kerinna 2 exploration well, which is targeting a mean unrisked recoverable oil potential from the Hutton Sandstone.
8:00 PM EST | August 22, 2010
Stuart Relocates Rig to Cooper Basin
Rig Worrior 7 has moved to the site of the Stuart's first exploration well for the year, Kerinna 2.
8:00 PM EST | August 16, 2010
Stuart Intersects Additional Oil Pay at Worrior 7
Stuart advised the following update regarding the drilling of its Worrior 7 development well.
8:00 PM EST | July 20, 2010
Stuart Drills Ahead at Cooper Basin
Stuart updated on the drilling of its Worrior 7 development well.
8:00 PM EST | July 18, 2010
Stuart to Prime Bit at Worrior 7 Well
Stuart Petroleum advised that Hunt Rig 2 is on site and drilling will commence shortly at the Worrior 7 development well.
8:00 PM EST | July 07, 2010
Stuart Preps for Drilling in Cooper Basin
Stuart has contracted Hunt Rig # 2 to drill the first of a planned 3 well program in the Cooper Basin.
8:00 PM EST | June 03, 2010
Australia Grants Exploration License to Stuart Petroleum
Stuart Petroleum advised that the Mineral Resources Minister for South Australia, the Hon Paul Holloway has announced the grant of Petroleum Exploration License 516 (PEL 516) to Stuart Petroleum.
8:00 PM EST | May 20, 2010
Stuart Petroleum Settles Timor Sea Permit Sale
Stuart Petroleum has received payment for the sale of its interest in Timor Sea petroleum exploration permit AC/P33.
7:00 PM EST | February 17, 2010
Stuart Gets Go-Ahead to Sell Stake in Timor Sea Permit
The Foreign Investment Review Board has notified its approval of the sale of Stuart's interest in Timor Sea petroleum exploration permit AC/P33 to PTTEP Australasia (Ashmore Cartier) Pty Ltd.
7:00 PM EST | February 10, 2010
Stuart Expands Cooper/Eromanga Acreage More Than 80%
Stuart Petroleum was awarded a highly prospective new petroleum block -- designated CO2009-E -- in the South Australian sector of the Cooper/Eromanga petroleum province.
7:00 PM EST | December 08, 2009
Stuart Sees 20% Lift in Cooper Basin Output by 2011
A 20% increase in oil output by 2011 from its mainstay Cooper Basin production center has been forecast by Stuart Petroleum.
7:00 PM EST | November 15, 2009
PTTEP Seeks Stake in Oliver Block Offshore Australia
PTTEP will purchase an interest in Petroleum Permits AC/P 33 (Oliver block), located in the Timor Sea, as part of its investment strategy to expand its existing exploration activities in Australia.
8:00 PM EST | October 25, 2009
Stuart Petroleum Increases Stakes in Timor Sea
Stuart Petroleum has increased its interest holdings in exploration permit AC/P35, located in the Australian Sector of the Timor Sea.
8:00 PM EST | July 26, 2009
Stuart Petroleum Lifts Proved Oil Reserves to 1.8MM Barrels
Stuart Petroleum has improved its proved oil reserve position in Australia to 1.8 million barrels of oil, an increase of more than 20% over March 31, 2009 estimates.
8:00 PM EST | May 11, 2009
Stuart's Strong Cashflow Spurs Development of Australian Oil Field Project
Stuart noted that as a result of its ongoing strong cashflow, the company is accelerating development of its Australian projects.
7:00 PM EST | January 27, 2009
Stuart Grows Sales Revenue by 20%
Stuart Petroleum has recorded Sales revenues of $11.2 million for the Quarter ended September 30, 2008, a 20% increase over the September 2007 Quarter Sales of $9.3 million.
8:00 PM EST | October 28, 2008
Stuart Underscores Cooper Basin Production
Cooper Basin production is continuing at a rate of approximately 35,000 barrels of oil per month net to Stuart. This production is generating around $4.5 million to $5.0 million of gross revenue per month.
8:00 PM EST | October 07, 2008
Stuart Petroleum Spuds Bazzard-1
Stuart Petroleum will spud its maiden offshore well, Bazzard-1, in the offshore Gippsland Basin this week.
8:00 PM EST | September 17, 2008
Stuart Petroleum's Net Profit Increases by 51%
South Australian oil producer and explorer, Stuart Petroleum Limited has announced a record net profit after tax of $13.2 million for the year ended June 30, 2008, a 51% increase over the previous year.
8:00 PM EST | August 26, 2008
Stuart Petroleum Snags Operatorship of Timor Sea Permit
Stuart Petroleum has become the Operator and 50% interest holder in Timor Sea permit AC/P33, host to the Oliver Oilfield development project.
8:00 PM EST | August 19, 2008
Stuart All Set to Drill Appraisal Well on Oliver Oilfield
In an $85 million venture announced today, Stuart will solely fund the drilling of an appraisal well on the Oliver oilfield, 700 kilometers west of Darwin and 30 kilometers north of the Jabiru production licences.
8:00 PM EST | August 19, 2008
Stuart to Spud Brew 1 in Cooper/Eromanga Basin
Stuartannounced that it will spud the Brew 1 exploration well in Cooper/Eromanga Basin PEL 113 on or about July 14, 2008. Brew 1 will target probabilistic mean undiscovered gas reserves potential of 17.5 billion cubic feet.
8:00 PM EST | July 09, 2008
Bengal, Partners Snare Block in NELP VII
Avery has provided an update on its operations in India and Australia, and has announced that Bengal Energy, along with its two joint bidding partners, has received the NELP VII provisional award of Block CY-ONN-2005/1.
8:00 PM EST | July 08, 2008
Stuart Zeros in on Subzero 1's Gas Shows
Stuart Petroleum has reported that its exploration well Subzero 1 has intersected significant gas shows in the Patchawarra Formation over a gross interval of 300 meters. These shows will be evaluated by wireline logs and drill stem testing.
8:00 PM EST | July 01, 2008
Stuart Prepares to Spud Subzero 1
Stuart Petroleum will spud the Subzero 1 exploration well in Cooper/Eromanga
Basin PEL 113 on or about June 19, 2008. Subzero 1 will target probabilistic mean undiscovered oil reserves potential of 1.3
million barrels.
8:00 PM EST | June 16, 2008
Stuart Petroleum to Spud Chester 1 in June
Stuart Petroleum Limited announced that its 2008 Cooper/Eromanga Basin Drilling Program will commence on or about June 1 with the Chester 1 exploration well in PEL 113.
8:00 PM EST | May 28, 2008
Stuart to Recommence Cooper Drilling Program
South Australian based oil exploration and production Company, Stuart Petroleum Limited announced that it will shortly recommence drilling in the Cooper/Eromanga Basin.
8:00 PM EST | April 28, 2008
Stuart Increases Half-Year Profit 21%
Sales Revenue totalled a record $30 million, an increase of 64% over the June Half
Year and 47% over the previous December Half Year, comfortably exceeding the
previous record of $27 million set in the June Half of 2006.
7:00 PM EST | February 20, 2008
First and Ten: Cleansweep Oilfield Begins Production
South Australian based oil exploration and production Company, Stuart Petroleum
Limited announced that the Cleansweep Oilfield has
commenced production and is online at an initial rate of 120 barrels of oil per day.
7:00 PM EST | January 31, 2008
Stuart Petroleum's 94% Production Increase Drives Record Revenues
Stuart Petroleum Ltd. announced record revenues of $20.9 million for the December Quarter due to production increases from the September Quarter.
7:00 PM EST | January 15, 2008
Rockhopper to Perform Second Seismic Survey in Falklands
Rockhopper Exploration, the North Falkland Basin oil and gas exploration
company, recently completed the Ernest
site survey. Existing surveys have unveiled a substantial amount of recoverable oil.
7:00 PM EST | December 16, 2007
Stuart and Giraul Team Up in Angolan Oil Venture
<p>South Australian oil producer Stuart Petroleum announced the formation of a joint venture with Angolan-based Giraul Petroleum. Stuart and Giraul have agreed to jointly explore for oil onshore in the Republic of Angola, in West Africa.
7:00 PM EST | December 16, 2007
Stuart's VIC P53 Acquisition Gets Government Nod
Stuart has been approved to take part in Vic P53 as Operator and will earn an interest in the permit.
7:00 PM EST | November 29, 2007
Stuart Moves Forward with Gippsland Basin Exploration
Stuart Petroleum will use the West Triton jackup to drill its Bazzard 1 exploration well located in the Gippsland Basin offshore Australia.
7:00 PM EST | November 14, 2007
Magellan Petroleum Says Patron 1 a Duster
Magellan Petroleum says the Patron 1 exploration well, the second well drilled under the PEL 93 farmin agreement in the Cooper Basin of South Australia, has been plugged and abandoned without encountering commercial hydrocarbons.
8:00 PM EST | October 02, 2007
Stuart Petroleum Buys Rights to Explore Gippsland Block, Offshore Australia
Stuart Petroleum has moved into its first offshore venture and its first venture outside South Australia by tackling the Bazzard prospect in offshore Gippsland block VIC/P53 on ACOR's ORRI.
8:00 PM EST | August 20, 2007
Stuart Makes Discovery at Comic-1
Stuart Petroleum has made a new oil discovery in the Comic 1 well near the Harpoono field in PEL 113 in the Cooper/Eromanga Basin in far northern South Australia.
8:00 PM EST | August 08, 2007
Stuart Petroleum Begins Development Program on Worrior Field
Stuart Petroleum will begin its 2007 development drilling program in the Worrior oil field with the spudding of the Worrior 5 well around August 8th.
8:00 PM EST | August 01, 2007
Magellan Petroleum Signs Farm-in Agreement for Rainbird Prospect
Red Sky Energy and Magellan Petroleum have signed farmin agreement for the Rainbird Prospect. Each will pay 49% of the Rainbird 1 well costs to earn a 24.5% interest each in any commercial discovery.
8:00 PM EST | August 01, 2007
Cooper, JV Partners Agree to Farm-out with Stuart
Cooper Energy and its partners in the PEL 100 Joint Venture have agreed to a farm-out deal with Stuart Petroleum.
8:00 PM EST | May 16, 2007
Stuart Joins Cooper/Eromanga JV
Stuart Petroleum Limited has reached an agreement with the participants of Cooper/Eromanga Basin tenement PEL 100 in northern South Australia to earn a 50% participating interest in the tenement by drilling and evaluating one well.
8:00 PM EST | May 08, 2007
Magellan Set to Launch 2007 Drilling Campaign
Magellan Petroleum Corporation (Magellan) said that its intensive drilling program for
2007 is likely to commence late December 2006.
7:00 PM EST | December 25, 2006
Stuart Petroleum to Abandon Rising Fast 1 Exploration Well
Stuart Petroleum Limited reports that the Rising Fast 1 oil exploration well will be plugged and abandoned.
7:00 PM EST | November 26, 2006
Stuart Petroleum to Spud Dunoon 2
Stuart Petroleum reports that the Dunoon 2 exploration well, the next well in the 2006 drilling program, will be drilled on the Dunoon Ridge to further test the oil producing trend confirmed by recent discoveries at Revenue, Rimfire, Might & Power.
7:00 PM EST | November 26, 2006
Stuart Plans to Spud Rising Fast 1 Next Week
Stuart Petroleum Limited said that it plans to drill the Rising Fast 1 exploration well in the Cooper Basin of South Australia.
7:00 PM EST | November 08, 2006
Stuart Petroleum to Drill Might & Power 1 Exploration Well
Stuart Petroleum says that the Might & Power 1 exploration well is expected to spud around October 21, 2006. This is a follow up to the oil discovery made by Harpoono 1 in May 2004.
8:00 PM EST | October 17, 2006