Falcon Oil & Gas Ltd. Reports Record Gas Flow Test Results
Falcon Oil & Gas Ltd. Announces Impressive Flow Test Results
Falcon Oil & Gas Ltd. (TSXV: FO) is thrilled to share its recent success from the Shenandoah South 2H Sidetrack (SS-2H ST1) well. This well achieved an astounding average initial production (IP90) flow rate of 6.7 million cubic feet per day (MMcf/d). This significant achievement over a 90-day test period occurred within the Amungee Member B-Shale located in the Beetaloo Sub-basin, demonstrating the area's potential for gas supply.
Understanding the Flow Test Achievements
During the last 30 days of the test, flow rates from SS-2H ST1 exhibited an impressive increase of around 2%, all while maintaining a consistent wellhead pressure. As of the end of the 90-day testing period, the well produced 6.5 MMcf/d with a wellhead pressure of approximately 700 psi, reflecting only a minimal decline from earlier measurements. This consistent performance in gas rates, achieved without any downhole interventions, underscores the robust nature of the reservoir and the company's operational strategies.
Future Plans for Gas Sales
Looking ahead, Falcon Oil & Gas has suspended the SS-2H ST1 well as preparations begin for gas sales to the Northern Territory Government. The sales are tentatively scheduled to commence in mid-2026, contingent on favorable weather conditions and necessary stakeholders’ approvals. Such strategic planning indicates Falcon's commitment to leveraging its resources effectively.
Overview of the 2025 Drilling Campaign
Falcon's 2025 drilling campaign remains on track with the successful completion of the intermediate drilling sections for the initial two wells, S2-1H and S2-3H, and the ongoing drilling of the S2-5H well's intermediate section. This campaign signifies an innovative approach employing batch drilling techniques in the Beetaloo Basin, showcasing Falcon's forward-thinking methodologies in oil and gas exploration.
Drilling Technology and Strategy
Once the intermediate section of the S2-5H well concludes, the drilling rig plans to advance into the horizontal sections of all three wells, furthering the exploration efforts in the area. This ambitious five-well pilot program positions Falcon for significant developmental opportunities in the Beetaloo Basin.
Leadership Insights on Performance
Philip O'Quigley, CEO of Falcon, expressed his enthusiasm regarding these results, stating, "The performance of the wells drilled and tested in the Shenandoah area demonstrates remarkable commercial potential. These encouraging results will aid in supporting ongoing farming actions in adjacent development areas, further enhancing Falcon's profile in the region." His confidence is echoed by Director Tom Layman, who emphasized the consistent upward trajectory of production rates, highlighting opportunities for future optimization.
Contacting Falcon Oil & Gas
For additional insights into Falcon's operations or future plans, stakeholders and investors are encouraged to reach out to the company directly:
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
About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd. is dedicated to exploring and developing unconventional oil and gas resources, primarily in Australia. The company, which operates from its headquarters in Dublin, Ireland, is incorporated in British Columbia, Canada. Its subsidiary, Falcon Oil & Gas Australia Limited, holds a significant percentage of the company's operations.
Frequently Asked Questions
What is the significance of the SS-2H ST1 flow test results?
The flow test results from SS-2H ST1 are significant as they demonstrate the considerable gas production potential of the Beetaloo Basin, marking a record in production rates.
When are gas sales expected to commence?
Gas sales are anticipated to start in mid-2026, depending on weather conditions and stakeholder approvals.
What innovative techniques is Falcon using in its drilling campaign?
Falcon is implementing batch drilling techniques which could enhance efficiency and reduce costs during the drilling process.
Who can I contact for more information about Falcon Oil & Gas Ltd.?
You can reach out via phone to the CEO, Philip O'Quigley, at +353 87 814 7042 for inquiries.
What does Falcon Oil & Gas Ltd. focus on?
Falcon specializes in the exploration and development of unconventional oil and gas assets, specifically targeted within its operations in Australia.
About The Author
Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
