Falcon Oil Begins Work Programme on Beetaloo Sub-basin

Source: www.gulfoilandgas.com 6/22/2021, Location: Not categorized

Falcon Oil & Gas has announced the commencement of the 2021 work programme, starting with operations at Kyalla 117 N2-1H ST2 in the Beetaloo Sub-Basin, Northern Territory, Australia with its joint venture partner, Origin Energy.

On-site operations at Kyalla 117 have begun, with rigging up now complete, and clean-up operations resumed. These operations, if successful, will result in an extended production test ('EPT') being carried out to determine the expected longer-term performance of the well.

Further details on the 2021 work programme, including proposed activity at Velkerri 76 and Amungee NW 1H, are set out below.

Kyalla 117

Kyalla Shale Play Summary

- Liquids rich gas play, which has only been identified in the joint venture acreage.

- Material play fairway > 3,000 km2 with multi TCF potential.

- Liquids rich play with two prospective stacked targets in the gas window, and one in the oil window.

Results to date

- As announced on 19 January 2021, Origin submitted a notification of discovery and an initial report of discovery to the Northern Territory Government.

- Unassisted gas flow rates ranging between 0.4-0.6 MMscf/d were recorded over seventeen hours, which are preliminary indications of well performance, and an EPT is required to determine the longer-term performance of Kyalla 117.

Velkerri 76

Velkerri Shale Play Summary

- Largest play fairway in the Beetaloo with four prospective stacked targets.

- Predominantly dry gas with OGIP > 500+ TCF.

- Liquids rich gas fairways on basin flanks with multi TCF potential.

- Multiple successful tests within the dry gas window (Amungee NW 1H, Tanumbrini1, Shenandoah 1A).

2021 work programme includes:

- Targeting the Velkerri play along the south-eastern flank of the Beetaloo Sub-Basin, which is predicted to be in a liquids rich gas window.

- Drill a vertical pilot well to acquire core, run logs and perform diagnostic fracture injection test data across the Velkerri.

Amungee NW 1H

Results to date

- On 22 December 2016 Falcon announced that, following a 57-day EPT of the well, production averaged 1.10 MMscf/d.

- On 15 February 2017 Falcon announced that Origin had submitted the Results of Evaluation of the Discovery and Preliminary Estimate of Petroleum in Place for the Amungee NW-1H Velkerri B Shale Gas Pool to the Northern Territory Government amounting to a gross contingent resource of 6.6 TCF, 1.46 TCF net to Falcon.

2021 work programme includes:

- An extended production test and production log to confirm zonal contribution, i.e. determine if all frack stages contributed to the initial EPT conducted in 2016.

Philip O’Quigley (CEO of Falcon) commented:

'The commencement of operations at Kyalla 117 is an exciting first step for the planned 2021 work programme which will cover three different plays in the Beetaloo providing key information that will help determine the future appraisal and development programme. We look forward to providing results as soon as they become available.'

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