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



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Hub On AGORACOM / Corporate Profile / Recent Interview



Message: House Positions

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."

Take away:

Do not sell any of your Falcon shares under $10.00 

Falcon Oil & Gas Ltd.


Gas Composition Data Confirm Kyalla Liquids Rich Gas Play

22 January 2021 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce the following update on the first gas composition data obtained during the 17-hour unassisted flow period of the Kyalla 117 N2-1H ST2 well (“ Kyalla 117 ”) in the Beetaloo Sub-basin, Australia.

The initial analysis of natural gas by gas chromatography confirms a liquids-rich gas stream low in CO as follows:

  • = 65.03 mol%
  • = 18.72 mol%
  • = 8.37 mol%
  • iC = 1.29 mol%
  • nC = 2.03 mol%
  • + = 2.73 mol%
  • CO = 0.91 mol%
  • = 0.92 mol%

The elevated C + gas component of 14.42 mol%, which meets our pre-drill expectations, confirms the Lower Kyalla Shale as a liquids-rich gas play. Gas composition data also support the view that the Kyalla gas stream will have elevated LPG and condensate yields.

As announced on 19 January 2021, longer term measures will be put in place to flow back sufficient hydraulic fracture stimulation water to allow the Kyalla 117 to flow continually without assistance. This work is expected to commence at the start of the dry season in Q2 2021 and if successful will allow an extended production test ("EPT") of between 60 and 90 days to commence.

Philip O’Quigley (CEO of Falcon) commented:

“The initial gas composition data are very encouraging providing a strong indication for the liquids rich gas play in the Kyalla formation. We will update the market when operations recommence at Kyalla 117 at the beginning of the dry season in Q2 2021.”

The Beetaloo Strategic Basin Plan released as part of the gas-fired economic recovery


Do not sell any of your Falcon shares under $10.00 

Prior to the 2019-10-09 Falcon announcement The Backroom Boys with other parties of interest suppressed all information from australia, just to get their grubby fingers on your shares.By now, you would think that they would turn over a new leaf and stop manipulating the stock with fake trades.

No, I did not moved or delated any images. Draw your own conclusions.

Many thanks to the BackroomBoys to prove just how badly they yearn to possess your Falcon shares. 

So hold and do not selll any of your shares under $10.00

The heat is on!

Do not sell your shares under $10.00

Falcon Oil & Gas Ltd. - Successful Drilling of Kyalla 117 N2-1H ST2 Horizontal Well

Sooo.. If you Boys want our shares you can start paying $10.00 

Are you suprised ? I don't think you are...  The Wrecking Boys are back!  And they failed again!

Today's designated hitters: Every Tom, Dick and Harry . 

Kudos to Falcon's long-term shareholders for not falling for the latest backroom shenanigens.

House Positions for C:FO from 2021-06-10 to 2021-06-10

Red indicates the top backscratching, churning collaborators. 










7 TD Sec



























So hold and do not sell any of your shares under $10.00 

Missing images? Apparently the manipulators are back. Many thanks to the BackroomBoys to prove just how badly they yearn to possess your Falcon shares. 

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