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Falcon Hits Gas Shows at Premier Hungarian Mako Trough Well

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Falcon Hits Gas Shows at Premier Hungarian Mako Trough Well

Falcon Oil & Gas Ltd. has reported an operational update on its well activity onshore Hungary.

Preparing to Test the Kútvölgy-1 Well, Hungary

The Kútvölgy-1 well was the first of a planned three well programme to evaluate the gas potential of the Algyo formation in the Makó Trough. As expected, the top of the Algyo formation was encountered at 2,985 metres and the well then penetrated an alternating sequence of sandstones, siltstones and shales over a gross interval of 320 metres to TD, with gas shows throughout. Two conventional cores have been taken and extensive wireline logs were run.

As planned, the well has been cased to TD and is now suspended. Technical evaluation of the well results has been concluded and preparations are now well underway to complete and test this well. The…

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