Potential on Origins and Sasol Dollars • Beeta
Post# of 71
Posted On: 04/23/2015 7:43:24 AM
Potential on Origins and Sasol Dollars
• Beetaloo Basin located in the Northern Territory
of Australia, belongs to the larger McArthur Basin
• FOGA* holds 30% in all 3 exploration permits
• Immense unconventional potential in entire
basin (shale gas, shale oil and tight gas),
conventional potential mainly along basin
margins
• Estimates gross recoverable resource potential
(P50) of 162 TCF of gas and 21,345 MMBO of oil
(RPS Energy, 2013)
• A total of $150 million investment in Falcon
Australia's permits since 2009 (seismics, drilling)
• 2011-2013 JV with Hess: intensive seismic
campaign gave key input for basin knowledge
• 2014- JV with Origin & Sasol: work program is
focusing on drilling to prove up commerciality
* Falcon Oil & Gas Australia Ltd. (c. 98% subsidiary of Falcon Oil & Gas Ltd)
• Beetaloo Basin located in the Northern Territory
of Australia, belongs to the larger McArthur Basin
• FOGA* holds 30% in all 3 exploration permits
• Immense unconventional potential in entire
basin (shale gas, shale oil and tight gas),
conventional potential mainly along basin
margins
• Estimates gross recoverable resource potential
(P50) of 162 TCF of gas and 21,345 MMBO of oil
(RPS Energy, 2013)
• A total of $150 million investment in Falcon
Australia's permits since 2009 (seismics, drilling)
• 2011-2013 JV with Hess: intensive seismic
campaign gave key input for basin knowledge
• 2014- JV with Origin & Sasol: work program is
focusing on drilling to prove up commerciality
* Falcon Oil & Gas Australia Ltd. (c. 98% subsidiary of Falcon Oil & Gas Ltd)
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