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Falcon Spuds Second Well of Three-Well Beetaloo Basin Project

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Falcon Spuds Second Well of Three-Well Beetaloo Basin Project

Falcon Oil & Gas Ltd. reported the spudding of the Amungee NW-1 well in the Beetaloo Basin, Australia. Amungee NW-1 is the second of Falcon's fully carried 2015 three well drilling and evaluation programme, the initial phase of a nine well drilling and evaluation programme.

Highlights: Amungee NW-1 is targeting the Middle Velkerri formation to assess hydrocarbon saturation and reservoir quality. The well is located approximately 25 kilometres east of the first well drilled, Kalala S-1, within exploration permit 98 with drilling estimated to be to a total depth of 2,700 meters. Rig 185, an ATS 400 originally commissioned for the drilling of Kalala S-1 from Saxon Energy Services Australia Pty. Ltd, will be used. Drilling is estimated to take between 35 and 50 days. The drilling of Amungee…
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