Falcon Oil & Gas Ltd. (TSXV:LON:FOG) Spudding of Kyalla 117 N2-1 Well

Philip O’Quigley, CEO of Falcon commented: The spudding of the Kyalla 117 N2-1 appraisal well is an exciting development for Falcon and marks the re-commencement of the drilling programme with our JV partner.

We look forward to updating the market as soon as results become available.

9 October 2019 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce the spudding of the Kyalla 117 N2-1 appraisal well in the Beetaloo Sub-Basin, Australia.

 

Highlights:

  • Kyalla 117 N2-1 is the first well in the Stage 2 drilling programme to target the Kyalla shale liquids rich gas play.
  • Located within Exploration Permit 117 approx. 32 kilometres north of the Beetaloo W-1 well.
  • A vertical pilot hole will target a total vertical depth of approximately 1,750 metres into the Kyalla Formation.
  • A subsequent horizontal section is planned for approximately 1,000 metres that will be drilled, completed, stimulated and production tested in the prospective Kyalla shale reservoir interval.
  • Origin Energy B2 Pty Ltd (“Origin”), as Operator, will drill the Kyalla 117 N2-1 well.
  • Origin hold a participating interest of 70% and Falcon Oil & Gas Australia Limited hold the other 30% participating interest over the Beetaloo Exploration Permits, 76, 98 and 117.

The principal objectives for the drilling of the Kyalla 117 N2-1 well are to:

  • Penetrate the Kyalla Formation to assess hydrocarbon maturity, saturation and reservoir quality.
  • Provide further information on the areal distribution of the Kyalla Formation.
  • Collect data for subsequent horizontal drilling, completion, stimulation and production testing; including ability to flow liquids rich gas.

 

Formation evaluation, including reservoir characterisation, will be carried out through petrophysical interpretation, geo-mechanical studies and core analysis.

 


Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates.

Terms of Website Use

All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned

download - Falcon Oil & Gas Ltd. (TSXV:LON:FOG) Spudding of Kyalla 117 N2-1 Welldownload - Falcon Oil & Gas Ltd. (TSXV:LON:FOG) Spudding of Kyalla 117 N2-1 Well
Share via
Copy link
Malcare WordPress Security