Falcon Oil & Gas Ltd. Updates on Beetaloo Operations Progress
Beetaloo Operations Progress by Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd. (“Falcon” or “Company”) is excited to share a significant update regarding its operational efforts in the Beetaloo Basin. The Shenandoah South 2H sidetrack well, known as SS2H ST1, has successfully reached a total measured depth of 16,182 feet (4,932 metres).
Well Development Strategy
This achievement includes a substantial horizontal section of the well, measuring 5,906 feet (1,800 metres) within the Amungee Member B-Shale. Approximately 5,577 feet (1,700 metres) of this section is intended for stimulation, in collaboration with Tamboran (B2) Pty Limited.
Consultation and Future Plans
The decision to case and suspend SS2H ST1 was made after thorough discussions with Tamboran B2. This strategic choice allows Falcon to prevent additional rig expenses and facilitates the immediate drilling of the next well, Shenandoah South 3H (SS3H), from the same pad.
Anticipated Stimulation Operations
Upon completion of the SS3H drilling, Liberty Energy is set to execute the stimulation of both SS2H ST1 and SS3H wells, planning 34 and 60 stages respectively. This essential work is expected to kick off in the first quarter of the following year, with the anticipation of producing initial flow rates shortly thereafter.
Creating New Drilling Space
Successfully stimulating the SS2H ST1 well will lead to the establishment of a drilling spacing unit encompassing 20,480 acres, amplifying the operational effectiveness within Beetaloo.
Falcon Oil & Gas Australia Limited's Role
Falcon Oil & Gas Australia Limited continues to play a vital role in these operations, maintaining a 5% participating interest in both wells part of the Shenandoah South Pilot Project.
Insights from Leadership
Philip O’Quigley, the CEO of Falcon, shared his enthusiasm regarding the continued drilling initiatives in Beetaloo: “We look forward to updating the market over the coming weeks as we continue with these drilling operations in the Beetaloo.”
Contact Details
Falcon Oil & Gas Ltd.
Phone: +353 1 676 8702
Key Personnel:
Philip O’Quigley, CEO
Phone: +353 87 814 7042
Anne Flynn, CFO
Phone: +353 1 676 9162
Overview of Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd. is an internationally recognized oil and gas corporation dedicated to exploring and developing unconventional oil and gas assets, with a current portfolio focused on Australia. The company, incorporated in British Columbia, Canada, has its headquarters in Dublin, Ireland.
Insights on the Beetaloo Joint Venture
This joint venture (EP 76, 98, and 117) includes Falcon Oil & Gas Australia Limited, which holds a 22.5% interest, while Tamboran (B2) Pty Limited maintains a 77.5% interest, together contributing to the overall 100% stake.
The Role of Tamboran Resources
Tamboran Resources Limited is actively involved in the Beetaloo Basin and aims to utilize advanced drilling technology to explore and capitalize on the significant low CO2 gas resources available. Their commitment to sustainability aligns with the global energy transition.
Frequently Asked Questions
What is the latest update on Falcon’s Beetaloo operations?
The SS2H ST1 well has been successfully cased, and work will soon begin on drilling the SS3H well from the same pad.
What is the expected timeline for the stimulation of the wells?
The stimulation of the SS2H ST1 and SS3H wells is anticipated to commence in the first quarter of the upcoming year.
How deep is the SS2H ST1 well?
The SS2H ST1 well has reached a total measured depth of 16,182 feet (4,932 metres).
What interest does Falcon hold in the Beetaloo joint venture?
Falcon Oil & Gas Australia Limited has a 5% participating interest in the Shenandoah South Pilot Project.
How significant is the testing area created by the SS2H ST1 stimulation?
The successful stimulation of SS2H ST1 will yield a drilling spacing unit of 20,480 acres.
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