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Pin to quick picksFalcon Oil Share News (FOG)

Share Price Information for Falcon Oil (FOG)

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Share Price: 6.65
Bid: 6.50
Ask: 6.80
Change: 0.05 (0.76%)
Spread: 0.30 (4.615%)
Open: 6.65
High: 6.65
Low: 6.65
Prev. Close: 6.60
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Falcon Oil & Gas Notes Arrival Of Tubing Equipment At Kyalla 117 Well

Thu, 24th Dec 2020 14:15

(Alliance News) - Falcon Oil & Gas Ltd on Thursday reported that a coiled tubing unit and necessary consumables have arrived at the Kyalla 117 N2-1H ST2 well in the Beetabloo sub-basin, onshore Australia.

Earlier in December, a joint venture between Falcon and Australian energy firm Origin Energy Ltd said it would start operations to re-enter Kyalla 117 with coiled tubing, applying nitrogen to lower the pressure in the wellbore and help with achieving a gas breakthrough.

Life operations are expected to start in the next few days, and if successful, could allow for extended production testing.

Shares in Falcon Oil & Gas closed 8.6% higher at 9.50 pence on Thursday in London.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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