Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

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MELBOURNE, Australia--Origin Energy Ltd. (ORG.AU) said the first of three exploration wells in the Beetaloo Basin in Australia's remote north has been spudded.

The Kalala S-1 well in the Northern Territory, about 500 kilometers southeast of Darwin, will be drilled to a depth of about 2,800 meters, the Australian company said.

Origin is the operator of the Beetaloo joint venture, with a 35% stake. A unit of South Africa's Sasol Ltd. (SOL.JO) has an equal 35% interest in the venture and Dublin-based Falcon Oil & Gas Ltd. (FO.V) a 30% stake.

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