Falcon Oil & Gas Ltd. (LON:FOG) Kyalla 117 N2-1 – Horizonal Drilling Commenced
posted on
Dec 12, 2019 01:25AM
Developing large acreage positions of unconventional and conventional oil and gas resources
10 December 2019 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that drilling of the horizontal section of the Kyalla 117 N2-1H appraisal well in the Beetaloo Sub-Basin, Australia has commenced, along with the advancement of the vertical well evaluation.
Drilling of the Kyalla 117 N2-1H horizontal well has commenced
Evaluation of the Kyalla 117 N2-1 vertical well advances
Ongoing analysis of conventional cores acquired in each of the Upper and Lower Kyalla reservoir sections, along with sidewall cores, DFITs and extensive wireline logging, will enable a full-scale evaluation of prospectivity of the Kyalla Formation in the central part of the Beetaloo Sub-Basin.
Philip O’Quigley, CEO of Falcon commented:
“Ongoing evaluation of the of the Kyalla 117 N2-1 vertical appraisal well is very encouraging. The drilling of a 1,000-2,000 metre horizontal well in the Lower Kyalla shale has started and we will continue to update the market as soon as more results become available”.
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