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Why Falcon Oil & Gas is accelerating on-shore gas drilling plans in the Beetaloo Sub-basin

26 Nov 2019 10:08 AM | Sonia Harvey (Administrator)

ORIGIN Energy and its joint venture partner Falcon Oil & Gas will accelerate drilling plans in the Beetaloo Sub-basin.

ORIGIN Energy and its joint venture partner Falcon Oil & Gas will accelerate drilling plans in the Beetaloo Sub-basin.

The NT News can reveal “excellent” preliminary drilling data at the Kyalla 117 N2 onshore gas well has prompted the move.

Kyalla 117, 600km southeast of Darwin, between Daly Waters and Elliott, is the first of two new Origin Energy appraisal wells to be drilled and fracture stimulated to help determine the potential of the resource in the Beetaloo Sub-basin.

Falcon Oil & Gas has issued a statement from its Irish headquarters saying the results have been very encouraging.

Significantly, the joint venture partners are preparing for continued operations during the Top End wet season.

Falcon Oil & Gas said drilling of the vertical section of Kyalla 117 N2 appraisal well in the Beetaloo Sub-basin had been completed to a depth of 1895m.

Falcon Oil & Gas chief CEO Philip O’Quigley was upbeat about the results.

“Preliminary results of the Kyalla 117 N2-1 vertical appraisal represents an excellent restart to the Beetaloo drilling program,” he said. The results were so good that Origin, the joint venture partners, have decided to proceed immediately to the drilling of the horizontal section.

“This signifies the confidence in the potential of the Kyalla shale,” Mr O’Quigley said. “While it is still early days to fully understand the reservoir characteristics and completion quality, drilling results are very encouraging.”

Source: NT News

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