Re: Soly's message -
in response to
by
posted on
Sep 14, 2016 09:08AM
Developing large acreage positions of unconventional and conventional oil and gas resources
Would you believe this latest, viewed by the backroom boys as godsent? You are dead on.
So now they think they can turn the 'toolbox' upside down and use everythink in it.
.
The 13,000 with Renova, Burlingame, Persistency, Sweetpea are in this till the end of program in 2018.
End of storey.
Falcon Oil & Gas boss O’Quigley reacts to “big well” result for Australian shale venture
07:07 14 Sep 2016
“This is a big well in the Beetaloo for many reasons, largely because it is a step out of 85 kilometre step out from the two wells we drilled in 2015,” O’Quigley says.
“We were targeting the very encouraging shale, encountered last year on both of those two wells, and we again encountered a very significant shale in this well deep in the south [of the basin].”
O’Quigley also highlights that the Kyalla formation, also encountered by the well, was seen as very encouraging with significant gas show observed.
“So we’ve now got two huge targets 85 kilometres south of what we were drilling in 2015.”
The Falcon boss now looks forward to gas flows from the recently fracked and “much anticipated” Amungee well, which are expected to come in the coming weeks.
O’Quigley also discusses the ‘time out’ on fracking in Australia’s Northern Territory, which was called by the country’s newly elected government. He says the news was “no surprise to anybody” but the company would have to wait to see what the implications could be for the Beetaloo project.