Falcon Unveils Total Resource Potential of Latest Beetaloo Discovery
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Falcon Oil & Gas and Origin Energy Resources Limited, Falcon's 35% joint venture partner, has detailed the results of its discovery at its Amungee NW-1H Velkerri B Shale Gas Pool project.
The submission follows the completion of extended production testing at the Amungee NW-1H exploration well of the "B Shale" member of the Middle Velkerri Formation.
Philip O'Quigley, CEO of Falcon, commented: "The submission of a discovery evaluation report supporting the existence of a material gas resource in the Beetaloo Basin coupled with Origin's best estimate assessment of a gross contingent gas resource of 6.6 TCF for the Middle Velkerri B shale pool surrounding and adjacent to the Amungee NW-1H exploration well are exciting developments for Falcon.
“Additional exploration and appraisal activity…
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