Falcon Oil & Gas Ltd Achieves Record Flow Test at Beetaloo
Falcon Oil & Gas Ltd (“Falcon”) is excited to announce significant results from its recent IP90 flow test at the Beetaloo Sub-basin.
In this remarkable achievement, the Shenandoah South 2H Sidetrack well, identified as SS-2H ST1, has recorded an impressive average flow rate of 6.7 million cubic feet per day (MMcf/d) during its 90-day initial production period. This figure stands out, especially considering the well's depth of 1,671 meters (5,483 feet) in the Amungee Member B-Shale formation, thus setting a new record for the Beetaloo Basin.
Key Highlights from the Flow Test
The following points summarize critical aspects of the flow test:
- Over the final month, the SS-2H ST1 well observed an increase in flow rates by approximately 2% without any downhole interventions, using a choke size of 44/64”.
- At the end of the 90-day test, the production rate stabilized at 6.5 MMcf/d, with a wellhead pressure of around 700 psi, reflecting a slight decline of about 3% from the 60-day mark.
- The well is now on hold as preparations are made for commencing gas sales to the relevant authorities via the Sturt Plateau Compression Facility, expected mid-2026, contingent on weather conditions and stakeholder approvals.
2025 Drilling Campaign Progress
As part of its active drilling campaign for 2025, Falcon has made substantial progress:
- The intermediate section of the first two wells, S2-1H and S2-3H, has been successfully drilled, with the rig currently working on the S2-5H’s intermediate section.
- Following the completion of S2-5H's intermediate section, the rig will transition to drilling the horizontal sections, which will total 10,000 feet across the three wells.
- This drilling endeavor marks Falcon's first multi-well program using a batch drilling approach in the Beetaloo Basin.
- Importantly, Falcon Oil & Gas Australia Limited will not bear any costs related to these three wells, having opted to reduce its interest to 0%.
Statements from Leadership
Significant comments from Falcon's leadership highlight their optimistic outlook:
Philip O’Quigley, CEO of Falcon, stated:
“The encouraging results from the flow tests in the Shenandoah area signify the vast commercial potential this region holds. This sets a promising groundwork for our pilot program and future larger-scale developments. We are also excited to see how these developments support Tamboran’s endeavors in the adjacent 400,000-acre Phase 2 Development Area, essentially mitigating risks associated with further commercial explorations.”
Tom Layman, Director at Falcon, added:
“The robust performance over the 90-day flowback period from the SS2-2H ST1 is certainly uplifting. Coupled with results from SS-1H, it underscores the positive trajectory for this segment of Beetaloo. Noticing the incremental improvement in production rates amidst stable pressures indicates our ongoing potential to optimize operations within the Amungee member B-shale.”
Contact Information
If you have any inquiries or require further information, feel free to reach out to:
Falcon Oil & Gas Ltd.
Phone: +353 1 676 8702
Philip O’Quigley, CEO
Phone: +353 87 814 7042
Anne Flynn, CFO
Phone: +353 1 676 9162
For more details about Falcon Oil & Gas, please visit their official website.
Frequently Asked Questions
What were the results of the flow test performed by Falcon Oil & Gas?
The flow test revealed an average production rate of 6.7 MMcf/d over a 90-day period at the SS-2H ST1 well.
What future actions are planned for the SS-2H ST1 well?
The well has been suspended as Falcon prepares for gas sales through the Sturt Plateau Compression Facility in mid-2026.
What is the significance of the 2025 drilling campaign for Falcon?
This campaign marks the first multi-well drilling program applying batch drilling in the Beetaloo Basin, enhancing operational efficiency.
How has Falcon mitigated financial risks in its operations?
Falcon has reduced its interest in specific wells to 0%, thereby eliminating cost exposure for those projects.
What are the broader implications of the Beetaloo Basin results?
The positive outcomes from the Beetaloo region confirm its commercial potential and significantly reduce risks for future developments in adjacent areas.
