Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

Free
Message: FALCON OIL & GAS LTD. - OPERATIONAL UPDATE - KYALLA 117 N2-1H ST2

Falcon Oil & Gas Ltd.

(“Falcon”)

Operational Update - Kyalla 117 N2-1H ST2

10 December 2020 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) provides an update on exploration activity in the Beetaloo Sub-basin, Northern Territory, Australia following the successful hydraulic stimulation of the Kyalla 117 N2-1H ST2 well (“Kyalla 117”).

As announced on 25 November 2020, operations were being planned to re-enter Kyalla 117 with coiled tubing and apply nitrogen lift to lower the pressure in the wellbore and to assist with achieving and sustaining gas breakthrough. If successful, this would allow extended production testing to commence. The timing of operations was carefully considered as the wet season approaches, with health, safety, environmental and cost considerations in mind.

The JV has decided to execute operations without delay with all of the necessary equipment and consumables for the nitrogen lift being prepared to mobilise to the well site.

Further updates will be provided to the market as appropriate.

Philip O’Quigley (CEO of Falcon) commented:
“The decision to execute operations without delay is really good news and we look forward to updating the market as information from operations is available”

Share
New Message
Please login to post a reply