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Falcon Touts Potential of Amungee NW-1 Exploration Well

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Falcon Touts Potential of Amungee NW-1 Exploration Well

Falcon Oil & Gas Ltd. reported that drilling operations have successfully concluded on the Amungee NW-1 well. Results encountered are very encouraging, with the well drilled to a total depth of 2,611 meters.

Preliminary evaluation of the Amungee NW-1: The continuation of the Middle Velkerri formation 25 kilometres east of the first 2015 Beetaloo Basin well drilled, Kalala S-1, falling in a highly prospective gas mature depth window; A gross interval of over 500 meters shale gas sequence with net pay exceeding 150 meters; Excellent gas shows from at least two prospective shale sweet spots within the Middle Velkerri formation; Total organic carbon estimates range 2.5-5% within the best shale units representing a highly encouraging result in comparison with commercially successful North…
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