RE: Facebook post2 Oct 2020 08:00
Technical Update of Kyalla 117 N2-1H ST2
02 October 2020 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) ("Falcon")
is pleased to provide the following technical update on the Beetaloo
project in the Beetaloo Sub-basin, Northern Territory, Australia
regarding the hydraulic stimulation of the horizontal Kyalla 117 N2-1H
ST2 well ("Kyalla 117 well").
Highlights of the preliminary results from the Kyalla 117 well:
-- Completion of 11 hydraulic stimulation stages along the 1,579-metre
horizontal section in the Lower Kyalla Formation
-- Stimulation treatments were successfully executed
-- Activities have commenced in preparation for the flowback and extended
production test
-- Early stage gas flow rates are expected in the coming weeks
Philip O'Quigley (CEO of Falcon) commented:
"We look forward to the next phase of operations with the production
testing of the Kyalla 117 well and will update the market as results
become available."