Falcon Oil & Gas has announced the completion the Shenandoah S2-2H ST1 ('SS-2H ST1') stimulation in the Beetaloo Sub-basin, Northern Territory, Australia with Falcon Oil & Gas Australia's joint venture partner, Tamboran (B2).
Key Highlights
- Successfully completed 35 stages across the 1,671-metre (5,483-feet) horizontal section of the Amungee Member B-shale with the Liberty Energy modern stimulation equipment.
- Stimulation activities achieved five stages over a 24-hour period on multiple days.
- The average proppant intensity was 2,706 pounds per foot (lb/ft) and achieved wellhead injection rates above 100 barrels per minute.
- The average stage spacing is 48-metres (~157-feet).
- The SS-2H ST1 well will be completed ahead of clean out activities and the commencement of initial flow back and extended production testing.
- Further updates on the completion of the Shenandoah South 4H (SS-4H) well will be provided in due course.
Philip O’Quigley, CEO of Falcon commented:
'We are extremely encouraged about the potential of the current stimulation program based on strong gas shows and other data observed whilst drilling. In addition, the experienced US operator, Liberty Energy, have shown the efficiencies they can achieve which will provide us with the greatest opportunity for the best possible outcomes from this stimulation program. We look forward to updating the market on the IP30 flow test results as soon as they become available.'
Background
Falcon Oil & Gas Australia is a c.98% owned subsidiary of Falcon Oil & Gas.
Falcon Australia is one of the two registered holders of approximately 4.6 million gross acres (~ 18,619 km2), 1 million net acres, of three Exploration Permits (EP 76, EP98 and EP117) in the Beetaloo Sub-basin, Northern Territory, Australia with Tamboran (B2) Pty Limited appointed as operator for the joint venture. The Beetaloo Sub-basin is located 600 kilometres south of Darwin, close to infrastructure including a highway, a pipeline and a railway, offering transport options to the Australian market and beyond via the existing and developing liquified natural gas capacity in Darwin.
The Beetaloo Sub-basin is a Proterozoic and Cambrian tight oil and gas basin. In its entirety, the Beetaloo Sub-basin covers approximately 8.7 million acres (~ 35,260 km2) and is a relatively underexplored onshore exploration basin. The area is also remote and sparsely populated. Considering all these factors, the Board believes the Beetaloo Sub-basin has shale oil and shale gas potential.
Source: Falcon Oil & Gas
