9th Aug 2021 11:14
Falcon Oil & Gas Ltd - Dublin-based oil and gas company - Starts production testing operations at Amungee NW-1H in the Beetaloo Sub-basin, onshore Australia alongside joint venture partner Origin Energy B2 Pty Ltd.
All equipment is on-site and preparatory works complete, with a production test underway to determine whether all 11 frack stages contributed to the initial production test conducted in 2016.
In 2016, the Amungee horizontal well was drilling to 1,000, with 11 frack stages executed, leading to average production of 1.1 million standard cubic feet per day.
"We look forward to this production test and production logging operations being carried out. This production test at Amungee could provide interesting insights into whether all frack stages contributed to the results achieved," says Chief Executive Officer Philip O'Quigley.
Current stock price: 5.38 pence, up 6.0%
Year-to-date change: down 41%
By Dayo Laniyan; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Falcon Oil