Falcon Oil & Gas spuds exploration well onshore Australia

(WO) – Falcon Oil & Gas Ltd. announced the spudding of the Shenandoah South 1H (“SS1H”) horizontal well in exploration permit 117 with a H&P (Helmerich & Payne) super-spec FlexRig Flex 3 Rig in the Beetaloo sub-basin, Northern Territory, Australia, with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited (“Tamboran B2”).

The SS1H well, which will include a horizontal section of approximately 1,000 m, will target the Amungee Member B-shale at an estimated target depth of 3,200 m (approximately 700 m deeper than the Amungee NW-2H (“A2H”) well in EP 98).

The SS1H well, which is the first of two horizontal wells to be drilled in 2023, is located approximately 60 km south of the A2H well site. The deeper reservoir in this area of the basin is expected to deliver higher pressures, based on data from the two Santos-operated Tanumbirini wells in EP 161.

Philip O’Quigley, Falcon’s CEO, commented, “The spudding of the SS1H horizontal well, which is the first of the planned two horizontal wells to be drilled in 2023, is an exciting next step in the appraisal of the Beetaloo sub-basin. We are confident that learnings and results from the previous two Amungee wells drilled in EP 98, together with the two Santos operated Tanumbirini wells drilled in EP 161 will have a positive impact on the outcome of the results from this SS1H well.”