falcon oil & gas RNS.....just for interest, sorry for off topic3 Sep 2021 13:35
Falcon Oil & Gas Ltd. - Amungee NW-1H - Normalised Gas Flow Rate Equivalent to 5 MMscf/d per 1,000m Horizontal
Fri, 3rd Sep 2021 07:00
Falcon Oil & Gas Ltd. - Amungee NW-1H - Normalised Gas Flow Rate Equivalent to 5 MMscf/d per 1,000m Horizontal
Falcon Oil & Gas Ltd.(“Falcon”)
Amungee NW-1H - Normalised Gas Flow Rate Equivalent to 5 MMscf/d per 1,000m Horizontal
3 September 2021 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to provide results of the production log test at the Amungee NW-1H well (“Amungee”). The results suggest a normalised gas flow rate equivalent of between 5.2-5.8 MMscf/d per 1,000m of horizontal section.
Amungee is located in the Beetaloo Sub-basin, Northern Territory, Australia and the testing conducted is part of the 2021 work programme which is operated by Falcon’s joint venture partner, Origin Energy B2 Pty Ltd., a wholly owned subsidiary of Origin Energy Limited (“Origin”).
Amungee Background
Located in Exploration Permit 98, approximately 60 kilometres east of Daly Waters, just south of the Carpentaria Highway.It was the first horizontal well to be drilled and first well to be fracked with Falcon’s JV partner and operator, Origin.In November 2015, the JV successfully drilled the well to a total measured depth of 3,808m, including a 1,100m horizontal section.In September 2016, 11 hydraulic stimulation stages were completed along the horizontal section in the Middle Velkerri B shale zone.In December 2016, a 57-day extended production test (“EPT”) was completed, with production averaging 1.10 MMscf/d.In February 2017, the Results of Evaluation of the Discovery and Preliminary Estimate of Petroleum in Place were published for the Velkerri B Shale Gas Pool, confirming a gross contingent resource of 6.6 TCF, 1.46 TCF net to Falcon, full details are contained in Falcon’s AIF.
Details of Amungee Testing
The well was successfully put back on production testing on 7 August 2021.Initial flow rates during the first 48 hours of testing ranged between 2 - 4 MMscf/d with rates averaging 1.23 MMscf/d over the first 23 days.A PLT was run on 19 August 2021 to 3,098mMD, just prior to the casing deformation at 3,112mMD.The PLT data confirms that: Only 5-15% of the production came from stages 1-7 beyond the casing deformation point at 3,112 mMD.85-95 % of the production came from stages 8-11 spanning a 200m horizontal section, prior to the casing deformation. The low contribution from stages 1-7 is likely the result of a restriction caused by the casing deformation or the plugs having not milled out, or both.Conclusion: stages 8-11 may be representative of the deliverability that can be achieved within the Middle Velkerri B Shale at Amungee.The PLT test results equate to a normalised gas flow rate of between 5.2-5.8 MMscf/d per 1,000m of horizontal section.A typical future production well would be likely to have a horizontal production section up to three kilometres.The result validates the decision to under