Falcon Oil & Gas Ltd (FO.V)
24 Mar 2017
Latest Key Developments (Source: Significant Developments)
Falcon Oil & Gas Ltd
Falcon Oil & Gas Ltd:Says that drilling operations have successfully concluded on the Kalala S-1 well.Says the results encountered are very encouraging, with the well drilled to a total depth (TD) of 2,619 meters.Preliminary evaluation of the Kalala S-1 vertical exploration well confirms the presence of a thick Middle Velkerri source rock sequence in the Beetaloo Basin permit EP98.A gross interval of over 500 meters shale gas with net pay exceeding 150 meters.The presence of moveable hydrocarbons in the form of elevated gas shows.A number of prominent good quality sandy/silty reservoir sections measuring between 50 and 80 meters in thickness, each representing potential candidates for horizontal drilling.Excellent potential for gas mature, gas saturated and quartz rich source rocks that represent excellent exploration targets with material volumetric upside. Full Article
Falcon Oil & Gas Ltd:Announces the spudding of the Kalala S-1 well in the Beetaloo Basin, Australia.Says Kalala S-1 is the first of Falcon's fully funded and uncapped, 2015 three well drilling and evaluation programme in the Beetaloo Basin.Says the 2015 three well programme is the commencement of a nine well exploration and appraisal programme planned from 2015 to 2018. Full Article
Falcon Oil & Gas Ltd:Announces that drilling operations have commenced on its initial three well fully funded drilling campaign in the Beetaloo Basin, in the Northern territory of Australia. Full Article
SINGAPORE/ZURICH Singapore's central bank on Tuesday shut down a second Swiss bank in the city-state and fined banks DBS and UBS in its biggest crackdown on alleged money-laundering activities connected with Malaysia's scandal-tainted 1MDB fund.