Re: Soly's message
in response to
by
posted on
Sep 02, 2015 11:40PM
Developing large acreage positions of unconventional and conventional oil and gas resources
Philip O’Quigley, CEO of Falcon commented:
"Preliminary evaluation of the Kalala S-1 well results represents an excellent start to Falcon’s carried drilling and testing programme, providing new insights into the prospectivity of the primary target, the Middle Velkerri Formation. This well represents the first step in un-locking the resource potential of our Beetaloo acreage. It will provide key input to the planning of multi-stage fracking and production testing in the scheduled vertical and horizontal exploration and appraisal wells.”
It’s time to raise Falcon’s present value from $2.35 to $2.70.