Arc Energy Company News
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Jingemia 12 Development Well Cased, Completed as Oil Producer
Thursday, August 13, 2009Origin Energy, on behalf of the L14 Joint Venture parties, advised that the Jingemia 12 oil development well has been cased and completed as an oil producer.
ARC Energy Trust Announces Cash Distribution Amount for June
Friday, May 15, 2009ARC Energy Trust has announced the cash distribution to be paid on June 15, 2009.
Rheochem to Provide Drilling Services Onshore Western Australia
Wednesday, December 03, 2008Rheochem has signed a Master Services Agreement with ARC Energy Limited for the provision of drilling fluids and associated services and to support drilling and production operations in onshore Western Australia.
AWE, ARC Complete Merger
Monday, August 25, 2008AWE has confirmed that the merger with ARC Energy Limited was completed and that AWE shares were allotted and issued on August 25, 2008.
ARC Energy and AWE Provide Merger Update
Monday, July 21, 2008ARC Energy and Australian Worldwide Exploration announced that they had unanimously agreed to merge and to demerge Buru Energy Limited.
Roc Oil Says Frankland-2 Well Results to be Further Evaluated
Tuesday, March 04, 2008Roc Oil reports that the Frankland-2 well intersected gas in the target sands confirming hydrocarbons in the eastern region of the Frankland Field. However, the reservoir is of poorer quality than that encountered in Frankland-1.
ROC Oil Well Offshore Australia Off to Good Start
Wednesday, February 13, 2008The Frankland-2 well in the North Perth Basin, offshore Western Australia should reach 2,278 meters by the end of February 2008.
Roc Oil Blows Bubbles at Lilac-1
Friday, February 08, 2008The Lilac-1 exploration well encountered sands with weak gas shows and fluorescence. However, preliminary interpretation of mud log, LWD and drill data indicates that the primary reservoir is water bearing.
ARC Energy Trust Confirms February 15, 2008 Cash Distribution Amount
Wednesday, January 16, 2008ARC Energy Trust confirms that the cash distribution to be paid on Feb. 15, 2008 will be $0.20 per trust unit.
ARC Energy Declares 2 Gas Discoveries and Large Land Acquisition
Tuesday, January 08, 2008ARC estimates that these blocks contain a total of greater than one trillion cubic feet of Discovered Gas Resource.
$40 Million Increase in 2008 Budget Brought on with ARC's Successes
Tuesday, January 08, 2008To accelerate the exploitation of the new lands and discoveries, ARC Energy Trust has increased its 2008 capital budget by $40 million, with all of the increase earmarked for the Montney resource play.
Meeting Scheduled to Discuss Anzon, ARC Merger
Thursday, December 13, 2007The Federal Court of Australia has ordered a meeting of shareholders of Anzon Australia to enable a vote on the proposed Merger with ARC Energy.
Stokes Bay-1 Operational Update
Tuesday, November 06, 2007CDL Rig 18 was realease from Stokes Bay-1 and testing operations will continue once testing crews obtain access to the well site.
ARC Energy to Acquire Anzon
Wednesday, October 24, 2007Anzon Energy Limited has selected ARC Energy as the preferred bidder to acquire both AZA and AEL.
Anzon and ARC Halt Trading While Negotiating Merger Terms
Monday, October 22, 2007Anzon and ARC are currently negotiating the final terms of a proposed merger and have requested a trading halt in the shares of both of the ASX listed companies for a period of two days while negotiations are finalized.
Arc Acquires Interests in Canning Basin Blocks
Monday, September 17, 2007Arc Energy Limited has further consolidated its position in the Canning Basin with the acquisition of a significant portfolio of interests in the southern part of the basin.
ARC's Canning Basin Exploration Program Commences
Monday, August 13, 2007ARC Energy says that operations at the Valentine 1 exploration well located in the onshore Canning Basin Permit R1, have commenced using the Century 18 drilling rig.
Noonkanbah and Arc Sign Landmark Heritage Agreement
Wednesday, July 25, 2007ARC Energy has signed a landmark heritage agreement this week with the Noonkanbah people which provides for oil and gas exploration on Noonkanbah land.
ARC Energy to Farmin to Canning Basin Permits
Tuesday, July 24, 2007ARC has exercised the option from a previously signed heads of agreement to farmin to each of the EP 438 and EP 448 permits in the Canning Basin.
Arc Energy Completes Wandoo Acquisition
Friday, June 29, 2007ARC Energy has completed the acquisition from Wandoo Petroleum Pty Ltd of WPP's interests in the BassGas and Cliff Head fields, together with associated exploration acreage.
Arc Energy Takes Stake in Bass Basin Permit
Wednesday, June 13, 2007ARC Energy has agreed to take a 40% stake in permit T/44P located in the Bass Basin offshore Australia.
Arc Ups Stake in Canning Basin JV
Tuesday, May 22, 2007Arc Energy Limited has reached an agreement in principle with Emerald Oil & Gas NL whereby Emerald will assign to Arc a part of its earning interest in the EP104/R1 licenses in Australia's Canning Basin.
Perseverance-1 Pays Off for Roc Oil
Monday, May 21, 2007Roc Oil reports that the Perseverance-1 exploration well has penetrated the two main objectives, the Dongara Sandstone and the Irwin River Coal Measures. Drilling and preliminary log data indicate that good gas indications are present.
Arc and Energy World Form LNG Alliance
Tuesday, May 15, 2007Arc Energy Limited and Energy World Corp. (EWC) have entered into a memorandum of understanding (MOU) to develop an LNG business focused on the domestic Western Australian gas market.
Origin Reports Drakea 1 Spudding
Monday, May 14, 2007Origin Energy Limited on Monday announced that the exploration well Drakea 1, operated by Arc Energy and located in the onshore Perth Basin Production License L1, commenced drilling at 6 a.m. WST on May 11, 2007.
Arc Spuds Drakea Well in Perth Basin
Friday, May 11, 2007Arc Energy Limited said that operations at the Drakea well, operated by ARC Energy and located in the onshore Perth Basin Production License L1, commenced at 8 p.m. WST on Saturday April 28.
Arc Successfully Completes $90M Placement
Thursday, May 10, 2007Arc Energy Limited has successfully completed a $90.4 million placement through the issue of 64.6 million shares to institutional investors.
Arc: Vermilion Exercises Right to Buy Wandoo Oilfield
Wednesday, May 09, 2007Arc Energy Limited said that Vermilion Oil & Gas has exercised its pre-emptive right to purchase Wandoo Petroleum Pty Ltd's ("WPP") 40% interest in the Wandoo Oilfield.
Arc Adds Jeffery to Senior Executive Team
Friday, April 27, 2007Arc Energy Limited has appointed Gary Jeffery as Executive Director –Operations effective June 5, 2007.
Arc Kicks Off Yemen Exploration Program
Wednesday, April 25, 2007Arc Energy said that operations at the Al Magrabah 1 well, operated by Oil Search (Yemen) Limited and located in Block 35, have commenced.
Mitsui Divests Australian Upstream Assets
Tuesday, April 24, 2007Mitsui's Australian subsidiary, Wandoo Petroleum Pty Limited, has entered into sales agreements with ARC Energy Limited in which WPP will divest its entire Australian upstream oil & gas portfolio to ARC.
Roc: Drilling Continues on Frankland-1
Wednesday, April 18, 2007Roc Oil (WA) Pty Limited said that, as of 10 a.m. Australian Western Standard Time (AWST) on Tuesday, the Frankland-1 exploration well in WA-286-P offshore Perth Basin was drilling ahead at 2,090 meters.
Arc Completes Canning Basin Acquisition
Monday, April 16, 2007Arc Energy Limited said Monday that it has completed its acquisition of the producing Blina and associated oilfields and surrounding exploration acreage from Golden Dynasty Resources Ltd.
Origin Spuds Gas Appraisal Well Onshore Perth Basin
Thursday, March 29, 2007Operations at the gas appraisal well Beharra Springs 4, operated by Origin Energy and located in the onshore Perth Basin Production License L11, commenced at 5:30 p.m. WST on Wednesday using the Century 18 drilling rig.
Australian Independents to Focus on Africa in New Alliance
Wednesday, March 28, 2007Five Australian oil and gas companies have formed an Alliance to collectively acquire hydrocarbon projects together focusing initially on Africa.
Vicpet: Jingemia-11 a Future Producer
Monday, March 19, 2007Victoria Petroleum NL said that the Jingemia-11 oil development well onshore the North Perth Basin in Western Australia is being completed as a future producer.
Arc Announces Eremia 7 Test Results
Tuesday, March 13, 2007Arc Energy Limited, which operates the Eremia 7 appraisal well in the onshore Australia Perth Basin Production License L1, said that the well has been completed and that initial flow testing has been undertaken.
Victoria: Jingemia-11 Reveals Good Oil Shows
Tuesday, March 13, 2007Victoria Petroleum NL has been advised by Origin Energy Limited, operator of the L14 Joint Venture and Jingemia-11 oil development well, that good oil shows were obsereved in the drill cuttings of the target Dongara Sandstone.
Origin Spuds Jingemia 11 Onshore Perth Basin
Thursday, March 01, 2007Operations at the oil development well Jingemia 11, located in the onshore Perth Basin Production License L14 in Western Australia, commenced at 9:30 p.m. WST on Wednesday using the Century 18 drilling rig.
Arc Spuds Eremia 7 Appraisal Well
Tuesday, February 06, 2007Arc Energy Limited said that operations at the Eremia 7 well in the onshore Perth Basin Production License L1, commenced at 10:30 p.m. WST on Saturday.
Arc Completes Dongara 37
Monday, February 05, 2007Arc Energy Limited has completed drilling and completion operations at the gas development well Dongara 37, which Arc operates and is located in the Dongara Field in onshore Perth Basin Production License L2.
Arc Energy Acquires More Canning Basin Acreage
Tuesday, January 16, 2007Arc Energy said that it has further consolidated its position in the Canning Basin of northwestern Australia with the acquisition of interests in an additional four blocks on the western side of the Basin.
Arc Increases Stake in Adelphi
Wednesday, January 10, 2007Arc Energy said that on Tuesday it increased its interest in its associated company, Adelphi Energy, to 32.4% by the exercise of 8,750,000 options in Adelphi.
European Gas Completes Sale of Assets to ARC Energy
Wednesday, January 03, 2007European Gas Limited said that it has received final approval under sections 72 and 78 of the Petroleum Act in relation to the dealings of the permits for the sale of several permits in the Canning Basin, Western Australia to ARC Energy Limited.
ARC Completes Dongara 36
Wednesday, January 03, 2007ARC Energy Limited said that drilling and completion of the gas development well Dongara 36, operated by ARC and located in the Dongara Field in onshore Perth Basin Production License L2 has been completed.
ARC Energy Increases Position in Canning Basin
Wednesday, December 06, 2006ARC Energy has secured significant additional holdings in the onshore Canning Basin in Australia's northwest in accordance with its program of consolidation of its holdings in the area.
Lyginia 1 Comes Up Dry
Tuesday, December 05, 2006ARC Energy says that Lyginia 1 was drilled directionally to a total depth at 2,345 meters measured depth in the Carynginia Formation. Based on logging results it is interpreted that the Dongara Sandstone in Lyginia 1 does not contain hydrocarbons.
Eremia 6 Production Expected to Commence in Mid-December
Monday, November 27, 2006Origin Energy Limited said that the Eremia 6 well, operated by ARC Energy and located in the onshore Perth Basin Production License L1, has now been completed and flow tested at an initial rate of 3,790 barrels of oil per day.
ARC Energy Spuds Lyginia 1
Sunday, November 26, 2006ARC Energy reports that operations at the Lyginia 1 well, located in the onshore Perth Basin Production License L1, have begun using the Century 18 drilling rig.
Arc Energy Ups Stake in Canning Basin
Tuesday, November 14, 2006ARC Energy has acquired additional interests in the Canning Basin in accordance with its ongoing program of consolidation of its position in the area.