2021-08-09 06:17 ET - News Release
Mr. Philip O'Quigley reports
FALCON OIL & GAS LTD. - AMUNGEE NW-1H 2021 WORK PROGRAMME A BEETALOO SUB-BASIN
Falcon Oil & Gas Ltd. has commenced production testing operations at Amungee NW-1H in the Beetaloo subbasin, Northern Territory, Australia, with its joint venture partner, Origin Energy B2 Pty. Ltd., a wholly owned subsidiary of Origin Energy Ltd.
On-site operations at Amungee have begun with all equipment on site and preparatory works complete. A production test is now under way to determine whether all 11 frack stages contributed to the initial extended production test (EPT) in 2016.
Background and details of the 2016/2017 results at Amungee:
- The Amungee horizontal well was drilled to 1,100 metres.
- Eleven frack stages were executed along the entire horizontal section.
- On Dec. 22, 2016, Falcon announced that, following a 57-day EPT of the well, production averaged 1.10 million standard cubic feet per day.
- On Feb. 15, 2017, Falcon announced that Origin had submitted the results of evaluation of the discovery and preliminary estimate of petroleum in place for the Amungee NW-1H Velkerri B shale gas pool to the Northern Territory government, amounting to a gross contingent resource of 6.6 trillion cubic feet, 1.46 tcf net to Falcon.
Philip O'Quigley, chief executive officer of Falcon, commented: "We look forward to this production test and production logging operations being carried out. This production test at Amungee could provide interesting insights into whether all frack stages contributed to the results achieved. Updates will be provided as they become available."
