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Falcon Hits Pay at Beetaloo W-1 Well; Preps for IP at Amungee Project
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Falcon Oil & Gas Ltd. reported a technical and operational update.
Beetaloo W-1 wellDrilling operations have successfully concluded on the Beetaloo W-1 well. Results encountered are very encouraging, with the well drilled to a total depth of 3,173 meters.
Preliminary evaluation of this vertical exploration well confirms:
The continuation of the regionally pervasive Middle Velkerri formation approximately 85 kilometers south of the Kalala S-1 and Amungee NW-1H wells; A gross interval of over 570 meters shale gas sequence with net pay exceeding 150 meters; Middle Velkerri shale falls in a highly prospective gas mature depth window; Excellent gas shows at two prospective shale sweet spots at the top and base of the Middle Velkerri formation, comparable to those encountered during the…- ✓ Full news archive — U.S., Canada & international coverage
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