logo-loader
viewFalcon Oil & Gas Ltd

Falcon Oil & Gas Ltd excited to be back drilling in the Beetaloo Basin

Falcon Oil & Gas Ltd’s (LON:FOG) (CVE:FO) CEO Philip O'Quigley says it's exciting times for the business as exploration re-commences at Beetaloo.

In October, the Kyalla 117 N2-1 was spudded - It is the first well in the ‘Stage 2’ drill programme.

The well is located some 32 kilometres from the prior Beetaloo W-1 well and it is targeting the shale liquids-rich gas play.

The project, 30% owned by Falcon, is estimated to host some 85 trillion cubic feet of technically recoverable gas resources.

Quick facts: Falcon Oil & Gas Ltd

Price: 11.675 GBX

AIM:FOG
Market: AIM
Market Cap: £114.63 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Falcon Oil & Gas Ltd named herein, including the promotion by the Company of Falcon Oil & Gas Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Falcon Oil & Gas Ltd back to drilling and 'full steam ahead' as rig contract...

Philip O’Quigley, chief executive of Falcon Oil & Gas Ltd (LON:FOG), tells Proactive London's Andrew Scott a rig contract's been signed for the Stage 2 work programme that will advance its potentially world class shale project in Australia. The exploration and appraisal programme will...

on 21/1/19

2 min read