Falcon Oil & Gas Ltd. Announces Drilling Operations
Falcon Oil & Gas Ltd. (TSXV: FO) is thrilled to mark a significant milestone in its exploration efforts by announcing the spudding of the Shenandoah S2-4H horizontal well. This well is set within the Shenandoah South Pilot Project, a vital part of Falcon's operations in the Beetaloo Sub-basin.
Details of Shenandoah S2-4H Well
The Shenandoah S2-4H, informally known as SS4H, follows the earlier Shenandoah S2-2H ST1 well on the same well pad. This exciting drilling operation utilizes the H&P super-spec FlexRig® Flex 3 Rig, renowned for its efficiency and advanced capabilities in horizontal drilling.
Depth and Target Objectives
The SS4H well is designed to reach a total measured depth of 20,669 feet (approximately 6,300 meters), which includes a horizontally drilled section of around 10,000 feet (or 3,000 meters). This drilling phase targets the Amungee Member B-shale, believed to hold significant oil and gas reserves.
Anticipated Production and Stimulation Plans
Upon completion of the drilling, plans are set for the well's stimulation by Liberty Energy, targeting successful production outputs. The SS2H ST1 and SS4H wells have 34 and 60 stimulation stages planned respectively, anticipating initial flow rates within 30 days post-stimulation, commencing in the early part of the next year.
Company's Commitment and CEO Insights
As part of its ongoing engagement in the Shenandoah South Pilot Project, Falcon Australia holds an active participation interest of 5%. CEO Philip O'Quigley expressed enthusiasm about this next stage, stating that the spudding of the SS4H well enhances Falcon's commitment to tapping into the Beetaloo Sub-basin's potential and looks forward to providing updates as operations unfold.
Contact Information
For further inquiries, Falcon Oil & Gas Ltd. can be reached:
Phone: +353 1 676 8702
CEO: Philip O'Quigley +353 87 814 7042
CFO: Anne Flynn +353 1 676 9162
Exploring Joint Ventures
The Beetaloo Joint Venture, involving Falcon Oil & Gas Australia Limited and its partner Tamboran (B2) Pty Limited, exemplifies collaborative efforts in energy production. Falcon Australia has a 22.5% interest, while Tamboran holds 77.5%, contributing to resource development.
Broader Implications for Energy Transition
As the global landscape shifts towards sustainable energy, Falcon's endeavors in the Beetaloo Basin align with strategic objectives to harness low CO2 gas resources while adhering to cutting-edge technologies in drilling. The future remains bright as major steps unfold towards a lower carbon footprint through unconventional gas exploration.
Frequently Asked Questions
What is the significance of the Shenandoah S2-4H well?
The Shenandoah S2-4H well is a crucial step in Falcon Oil & Gas's exploration efforts in the Beetaloo Sub-basin, aiming to unlock significant oil and gas reserves.
Who is the partner in this project?
Falcon Oil & Gas is collaborating with Tamboran (B2) Pty Limited in the Shenandoah South Pilot Project.
What are the expected outcomes post-drilling?
Post-drilling, stimulation procedures are expected to start, aiming for initial production flow rates arguably within 30 days following the completion of the SS4H well.
How can I contact Falcon Oil & Gas for inquiries?
You can reach out to Falcon Oil & Gas via their main office at +353 1 676 8702 or contact their CEO Philip O'Quigley directly.
Is Falcon Oil & Gas involved in sustainable energy practices?
Yes, Falcon is invested in developing low CO2 gas resources, contributing positively to the transition towards a sustainable energy future.
