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Falcon, Origin Hit Pay at Latest Amungee Well in Australia

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Falcon, Origin Hit Pay at Latest Amungee Well in Australia

Falcon Oil & Gas' JV partner Origin Energy has reported a discovery at the Amungee NW-1H well in the Beetaloo Basin, Australia. 

Details: Origin has now gathered sufficient data to confirm the discovery of a petroleum accumulation Production test data supported by petrophysical log data along with full and sidewall core analysis confirms the discovery Gas rates range between 0.8 and 1.2 million standard cubic feet per day with continuing flow back of hydraulic fracture stimulation fluid of volumes between 100 and 400 barrels per day Initial estimates suggest a dry gas composition with less than 4% CO2 Main physical properties of the discovered accumulation are thickness of 30 meters, between 4.0% and 7.5% porosity, a gas saturation range of 50% to 75%, and permeability between…
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