Falcon Oil & Gas Ltd. - Beetaloo Sub-basin Operational Update

Source Press Release
Company Falcon Oil & Gas Ltd. 
Tags Strategy - Corporate
Date July 31, 2019

Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG, Euronext Growth: FAC) notes the operational update on the Beetaloo Sub-Basin provided by  Origin Energy Limited as part of their June 2019 Quarterly Production Report, which reads as follows:

Preparatory work ongoing in the Beetaloo. Two horizontal appraisal wells planned in CY2019:

  • Kyalla liquids rich gas play - water extraction licence in place, drilling approval anticipated in August. Water bores drilled and access road and well pad construction nearing completion.
  • Velkerri liquids rich gas play – water extraction licence in place, water bore and access roads approved, awaiting well pad civils and drilling approval.

Philip O’Quigley, CEO of Falcon, commented: 
“We look forward to updating the market when the JV re-commences drilling in the highly prospective Beetaloo Sub-basin in 2019.”

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