Falcon Oil & Gas Spuds Beetaloo Sub-basin Test
Drilling Activity Details
NT
Australia
Drilling Activity Summary
Description
Denver-based Falcon Oil & Gas has spud exploration well #1-N2 Kyalla 117 in the Beetaloo Sub-Basin in Australia’s Northwest Territory. It is the first well in the second stage of the company’s drilling program and is targeting Kyalla Shale, a liquids-rich gas play. The venture is in Exploration Permit 117, and a vertical pilot hole will be drilled to approximately 1,750 m. A horizontal section is planned for approximately 1,000 m that will be stimulated and production-tested to assess hydrocarbon maturity, saturation and reservoir quality. Origin Energy will be the operator with a participating interest of 70%, and Falcon Oil & Gas holds the other 30% participating interest in the Beetaloo Exploration Permits 76, 98 and 117.
Denver-based Falcon Oil & Gas has spud exploration well #1-N2 Kyalla 117 in the Beetaloo Sub-Basin in Australia’s Northwest Territory. It is the first well in the second stage of the company’s drilling program and is targeting Kyalla Shale, a liquids-rich gas play. The venture is in Exploration Permit 117, and a vertical pilot hole will be drilled to approximately 1,750 m. A horizontal section is planned for approximately 1,000 m that will be stimulated and production-tested to assess hydrocarbon maturity, saturation and reservoir quality. Origin Energy will be the operator with a participating interest of 70%, and Falcon Oil & Gas holds the other 30% participating interest in the Beetaloo Exploration Permits 76, 98 and 117.