(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
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Falcon Oil (FOG)