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Wed, 23rd Jul 2014 09:01
(Sharecast News) - Falcon Oil announced on Wednesday that the Shenandoah South 1H (SS1H) pilot hole, located in exploration permit 117 in the Beetaloo Sub-basin, had reached a total vertical depth (TVD) of 3,300 metres.
Read more(Sharecast News) - Falcon Oil & Gas announced on Friday that its subsidiary, Falcon Australia, had received confirmation from its joint venture partner Tamboran regarding the completion of its 2014 farm-in commitments.
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(Alliance News) - Falcon Oil & Gas Ltd on Thursday reported a narrowed interim loss and announced that its joint venture partner, Tamboran (B2) Pty Ltd, has given notice that the 2014 farm-in commitments have now been met.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Read moreFalcon Oil & Gas Ltd - oil and gas company focused on Australia, South Africa and Hungary - Says rig successfully mobilised to the Shenandoah South 1H well pad in the Beetaloo sub-basin 600 kilometres south of Darwin, Australia. Expects drilling of SS1H well to start in early August and take approximately 45 days; this will be the first of its two-well programme this year. Falcon says SS1H will target the Amungee Member-B shell at a 3.2 kilometres target depth, and that "The deeper reservoir is expected to deliver higher pressures".
Read more(Alliance News) - Stock prices in London were lower at midday on Thursday, while the pound struggled for direction, after the Bank of England acted more aggressively than initially expected, as it grapples with rampant UK inflation.
Read moreFalcon Oil & Gas Ltd on Thursday - Dublin-based oil and gas company focused on Australia, South Africa and Hungary - Says A2H well in the Beetaloo sub-basin in Australia has been flowing at 0.97 million cubic feet per day for over 50 days, and is currently producing at 0.83 mmcf/day. Adds third-party analysis from a US laboratory identified a potential skin inhibiting the flow of gas from the simulated shale and is thus testing potential clean-up methods. Notes flow rates are not reflective of the "true deliverability" of the A2H well. Says it remains in a "very strong financial position" with around USD16 million in cash.
Read more(Sharecast News) - Falcon Oil & Gas announced the start of a well stimulation programme at the Amungee NW-2H well on Thursday.
Read more(Sharecast News) - Falcon Oil announced on Friday that drilling operations, including casing and cementing, at the Amungee NW-2H well had been successfully completed.
Read more(Alliance News) - Falcon Oil & Gas Ltd on Friday said drilling operations at the Amungee NW-2H well in Australia have completed, with a high concentration of methane observed.
Read moreFalcon Oil & Gas Ltd - Dublin-based oil and gas company focused on Australia, South Africa and Hungary - Loss in the three months to September 30 narrows slightly to USD822,000 from USD842,000 a year prior. However, the firm says it is debt free with cash of USD16.9 million as of September 30, jumping 90% from USD8.9 million at December 31, 2021.
Read more(Sharecast News) - Falcon Oil & Gas announced the spudding of the Amungee 2H development well on Thursday, with the Silver City Rig 40, on EP 98 in the Beetaloo sub-basin of Australia's Northern Territory.
Read moreFalcon Oil & Gas Ltd - Dublin-based oil and gas company focused on Australia, South Africa and Hungary - Posts no revenue in six months ended June 30, down from nominal USD2,000 a year earlier. Loss widens to USD2.1 million from USD2.0 million.
Read moreFalcon Oil & Gas Ltd - Dublin-based oil and gas company focused on Australia, South Africa and Hungary - Narrows comprehensive loss to USD750,000 in the first quarter of 2022 from a loss of USD1.3 million the previous year. Produces no revenue, down from USD2,000 the year prior. First quarter expenses fall to USD693,000 from USD1.2 million. Assets dip marginally to USD50.9 million from USD51.4 million.
Read moreFalcon Oil & Gas Ltd - Dublin-based oil and gas company focused on Australia, South Africa and Hungary - Provides an operational update on the stage three work programme at the Beetaloo sub-basin in Australia on Wednesday. Programme was progressed with joint venture partner Origin Energy B2 Pty Ltd and will include the acquisition of a 58 kilometre line if high spec 2D seismic and the drilling of one 1,000 metre horizontal well on the Amungee NW-1H pad and another on the Amungee Member B shale. Explains the primary project of the two wells is to obtain a production rate over the first 30 days between 2 to 3 million standard cubic feet per day. This is so a multi-well pilot programme can be supported.
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