Falcon Oil talks petrophysics at Velkerri 76 well

2021-11-12 09:18 ET - News Release 

Mr. Philip O'Quigley reports

FALCON OIL & GAS LTD. - PRELIMINARY PETROPHYSICS AND MUD GAS COMPOSITION FROM VELKERRI 76 S2-1 WELL

Falcon Oil & Gas Ltd. has provided details on the preliminary petrophysical interpretation and mud gas composition data from the Velkerri 76 S2-1 vertical appraisal well in the Beetaloo subbasin, Northern Territory, Australia, with the company's joint venture partner Origin Energy B2 Pty. Ltd., a wholly owned subsidiary of Origin Energy Ltd.

On Oct. 15, 2021, the company announced that drilling of the Velkerri 76 well had been completed and preliminary evaluation of the results had been very encouraging.

The preliminary petrophysical interpretation of the Velkerri-76 wireline logs has now been carried out, which has confirmed positive indications in particular from the B shale of the Amungee member (formerly known as the Middle Velkerri). Other intervals within the Amungee member also show positive indications and further analysis will now be undertaken to confirm these results.

The Amungee member B shale was the principal area of focus with Falcon's operations at Amungee NW-1H and the results obtained to date compare very favourably with some of the most commercially successful shale plays in North America. The Amungee Member B shale is also the focus of activities in the neighbouring Santos and Empire Resources operated blocks.

Mud gas composition data also provides evidence that the Amungee member is within the wet gas maturity window and contains good LPG yields and high heating gas value.

Key information with respect to the preliminary petrophysics and mud gas composition of the Amungee member B shale are included in the attached table.

The results of preliminary petrophysical interpretation confirm: 

• The prospectivity of the Amungee member B shale.
• Reservoir quality of the B shale (TOC, porosity and gross thickness) compares strongly with commercial shale plays in the United States.
• The Velkerri 76 S2-1 well provides yet another robust data point for the joint venture to consider various commercialization options across its permits.

Additional analysis of the conventional core acquired during the drilling of Velkerri 76 will be required to confirm the preliminary petrophysics interpretation and will take place over the coming months.

Laboratory analysis of gas samples collected during drilling will be carried out to further refine gas composition data within the Amungee member shale intervals. 

Philip O'Quigley, chief executive officer of Falcon, commented: "The preliminary petrophysical interpretation of the Velkerri 76 wireline logs is excellent news with the Middle Velkerri B shale comparing favourably to some of the most commercially successful shale plays in North America. These results are further evidence of the increasing significance of the Velkerri play, with results still to come from flow testing of two horizontal wells at the neighbouring Santos-operated blocks also targeting the Velkerri play."

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I could have predicted in advence the arrival of Boo-birds also known as the Backroomroom Boy's minions. They will try to convince you that the precious stone in your hand is nothing but a piece of black coal.

2021-09-03 06:02 ET - News Release

Mr. Philip O'Quigley reports

FALCON OIL & GAS LTD. - AMUNGEE NW-1H - NORMALISED GAS FLOW RATE EQUIVALENT TO 5 MMSCF/D PER 1,000M HORIZONTAL

Falcon Oil & Gas Ltd. has provided results of the production log test at the Amungee NW-1H well. The results suggest a normalized gas flow rate equivalent of between 5.2 million to 5.8 million standard cubic feet per day per 1,000 metres of horizontal section.

Amungee is located in the Beetaloo subbasin, Northern Territory, Australia, and the testing conducted is part of the 2021 work program, which is operated by Falcon's joint venture partner, Origin Energy B2 Pty. Ltd., a wholly owned subsidiary of Origin Energy Ltd.

Amungee background: 

• It is located in exploration permit 98, approximately 60 kilometres east of Daly Waters, just south of the Carpentaria Highway.
• It was the first horizontal well to be drilled and first well to be fracked with Falcon's JV partner and operator, Origin.
• In November, 2015, the JV successfully drilled the well to a total measured depth of 3,808 m, including a 1,100 m horizontal section.
• In September, 2016, 11 hydraulic stimulation stages were completed along the horizontal section in the Middle Velkerri B shale zone.
• In December, 2016, a 57-day extended production test (EPT) was completed, with production averaging 1.10 mmscf/d.
• In February, 2017, the results of evaluation of the discovery and preliminary estimate of petroleum in place were published for the Velkerri B shale gas pool, confirming a gross contingent resource of 6.6 trillion cubic feet, 1.46 trillion cubic feet net to Falcon; full details are contained in Falcon's annual information form. 

Details of Amungee testing: 

• The well was successfully put back on production testing on Aug. 7, 2021.
• Initial flow rates during the first 48 hours of testing ranged between two million and four million standard cubic feet per day with rates averaging 1.23 mmscf/d over the first 23 days.
• A PLT was run on Aug. 19, 2021, to 3,098 metres measured depth, just prior to the casing deformation at 3,112 m md.
• The PLT data confirm that: Only 5 to 15 per cent of the production came from stages 1 to 7 beyond the casing deformation point at 3,112 m md. Eighty-five to 95 per cent of the production came from stages 8 to 11, spanning a 200 m horizontal section, prior to the casing deformation.
• The low contribution from stages 1 to 7 is likely the result of a restriction caused by the casing deformation or the plugs having not milled out, or both.
• Conclusion: Stages 8 to 11 may be representative of the deliverability that can be achieved within the Middle Velkerri B shale at Amungee.
• The PLT test results equate to a normalized gas flow rate of between 5.2 million and 5.8 million standard cubic feet per day per 1,000 m of horizontal section.
• A typical future production well would be likely to have a horizontal production section of up to three kilometres.
• The result validates the decision to undertake a second EPT in order to run a PLT. 

Philip O'Quigley, chief executive officer of Falcon, commented: "With our unique and extensive position in the Beetaloo subbasin, this is really exciting news for Falcon shareholders and this significant development provides line of sight to the commercialization of the Beetaloo, for which we remain carried for further activity.

"A recent report by an industry analyst suggests that gas flows greater than three mmscf/d from a 1,000 m horizontal well are required to demonstrate the commerciality of the Beetaloo. Not only does this test result significantly exceed these parameters and significantly increase our assessment of the Velkerri dry gas play, but it also puts the Beetaloo on a par with other shale gas basins in North America.

"While we wait for further news from our operations at Kyalla 117 N2-1H ST2 and Velkerri 76 S2-1, we look forward to working with our JV partner, Origin, in establishing the next phase of work on the Middle Velkerri B shale.

"With other drilling activity in neighbouring Santos-operated blocks targeting the Velkerri dry gas play, this is an important moment for the nationally significant Beetaloo subbasin."

Take away:

Do not sell any of your Falcon shares under $10.00

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

For blind minions…..see link below

https://falconoilandgas.com/company-presentations/#1541158622782-52acf8a2-2f7

Presented by Regulator Watch

Monday, Nov. 30, 2015

Regulator Watch - Regulator Watch

 Tim Hortons is the place where the ordinary Falconer meets and chats over a coffee.

Again it's another day at Tim's coffee shop. As Falcon’s drilling programme getting underway, the excited Falconers yet again turn to Jimmy the Geek for answers.

-Hey Jimmy…the analyst consensus having a Buy rating on Falcon Oil & Gas.

  What’s your rating?

-Well boys, what I'm gonna say has nothing to do with rating.

  It’s called advice: Do not sell under $10.00

 Tim Hortons is the place where the ordinary Falconer meets and chats over a coffee.

Again it's another day at Tim's coffee shop. The true Falconers yet again turn to Jimmy the Geek for answers.

-Hey Jimmy...

-I know, I know. Just remember, if you are ready to add more, always buy on the ask side.

 .......................................................................................................................................... 

As usual the true Falconers are in a heated discussion over the dishonest antics used by the greedy faceless-backroom-boys.

And as usual, once again they turn to Jimmy the Greek for advice.

- Hey Jimmy, now that the greedy faceless-backroom-boys forced the share price down to this ridiculously low levels, I have been trying to pick up some shares, but no cigar. Why is that?

-Obviously you are trying to buy on bid side. The backroom-boys put you in the back of the queue. That's how they protect their pool on the ask side. Haven't you noticed that the ask side does't change at all, and yet tens of thousands move to the bid side. And then they move the bid and ask down a notch. However they are counting on your greediness and usualy you do the same. This way they can manipulate the stock price down to the levels that might induce the less knowledgeable investors to sell.

My advice in the scenario like ours is that if you are ready to add more, always buy on the ask side.

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Just another day at Tim Hortons. Once again the Falcon group is in heated discussion over the dishonest antics used by the greedy faceless-backroom-boys.

One of them says - lets ask Jimmy the Geek, he's a realy smart guy.

- Hey Jimmy what's with those double talking minions across the pond?

- Well guys, as you all know they are FBB employees, masquerading as investors.

  Usually, when an investment becomes more valuable -as just Falcon did - the FBB goes all out and try to take away from the public as much investment as they can getaway with. So, to achieve their goal, they have to create a state of disllusionment, through spreading negativity and it becomes difficult to stay positive about what once gave you hope and joy, and so on. That's what the minions are for, that's their job. Basket of deplorable people.

Now, I don't give a flying fart what they do, I know my investment and I sleep well, and so should you.

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 Everyone is very cheerful at Tim Hortons and dicussing Tuesday's big news from australia. After a while the subject of discussion drifts towards the greedines of the faceless-backroom-boys.

One of them asks Jimmy the Geek, a pretty bright guy.

-Tell us Jimmy, why do these FBB still pretending as if there were real sellers?

- Because it’s the oldest trick in the toolbox. Old as balls!. And that's not all. The London listing is one tenth of the Toronto listing. Then 5 hours ahead of Toronto they knock the price down with fake trades and wait for Toronto to open. And then Toronto follows suit. The truth is that fakery does not work.

 -And do you guys know why doesn't work? Because the FBB just sticking their heads in the sand and are ignorant enough to believe that the 13,000 smart investors are just plain stupid.

No image? Apparently the manipulators are back. 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 $4.00

The 13,000 investors are amongst good company!

Rule to long-term investing:

When you find a value stock put it in your portfolio and hold; like Burlingame, like Renova, like Sweetpea, like Persistency, like Nicolas Mathys

When big players are set to acquire a big position in a company, they always employ agents to accumulate the shares on the open market, then months later a transaction will occur between the parties for a healthy profit for the agents. On the other hand the buyer saves a lot of money for not buying it on the open markets.

This is how Burlingame acquired 105,835,269 shares in 2008 and 2009.

Burlingame’s 1st tranche

Burlingame’s 2nd tranche

Burlingame’s 3rd tranche

Burlingame’s 4th tranche

In 2011 Burlingame increased their holding to 125 million shares.

No image? Apparently the manipulators are back. 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 $4.00

Falcon Oil & Gas Ltd. (LON:FOG) Kyalla 117 N2-1 – Horizonal Drilling Commenced

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.