Exploration & Production
Falcon Strikes Gas at Hungarian Mako Prospect
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Falcon Oil & Gas Ltd. has reported that initial drilling operations on the Kútvölgy-1 well have ceased, the well having reached total depth (TD) of 3,305 metres.
Kútvölgy-1 is the first of a planned three well programme to evaluate the gas potential of the Algyö formation in the Máko Trough. As prognosed, the top of the Algyö formation was encountered at 2,985 metres; the well then penetrating 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 while further technical evaluation is undertaken prior to carrying out an appropriate rigless testing programme later this year. No…
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