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Message: Falcon Oil to drill Velkerri 76 S2-1 well at Beetaloo

2021-03-19 06:29 ET - News Release


Mr. Philip O'Quigley reports


Falcon Oil & Gas Ltd. has provided details of the 2021 work program 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.

The 2021 work program is expected to include the following:


  • Resume cleanup operations of Kyalla 117 N2-1H ST2 and commence an extended production test (EPT);
  • Drill Velkerri 76 S2-1 vertical well;
  • Perform a production test at Amungee NW 1H.


2021 work program detail

Kyalla 117



  • As announced by Falcon on Jan. 19, 2021, Origin submitted a notification of discovery and an initial report on discovery to the Northern Territory government.
  • Unassisted gas flow rates ranging between 400,000 and 600,000 standard cubic feet per day were recorded over 17 hours, which are preliminary indications of well performance, and an EPT is now required to determine the long-term performance of Kyalla 117.


2021 work program includes:


  • Resumption of reservoir cleanup operations using an artificial lift technique;
  • If the Kyalla 117 cleanup is successful, progress to an EPT.


Velkerri 76



  • Targeting the Velkerri play along the southeastern flank of the Beetaloo subbasin, which is predicted to be in a liquids-rich gas window.


2021 work program includes:


  • Drill a vertical pilot well to acquire core and log and run diagnostic fracture injection test data across the Velkerri.


Amungee NW 1H



  • 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 trillion cubic feet net to Falcon.


2021 work program includes:


  • A production test to be carried out to determine if all frack stages contributed to the initial EPT conducted in 2016.


Philip O'Quigley, chief executive officer of Falcon, commented: "This year's program covering three different plays in the Beetaloo will provide key information that will help determine the future appraisal and development program. The prospect of multiple positive results is exciting, and we look forward to providing these results as soon as they become available. Falcon is fully carried for the 2021 work program costs."

About Falcon Oil & Gas Ltd.

Falcon Oil & Gas is an international oil and gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia, South Africa and Hungary.

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