Falcon Oil & Gas Ltd.

(“Falcon”)

Operational Update – Kyalla 117 N2-1H ST2

25 November 2020 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) provides an update on exploration activity in the Beetaloo Sub-basin, Northern Territory, Australia following the successful hydraulic stimulation of the Kyalla 117 N2-1H ST2 well (“the Well”).

As announced on 4 November 2020, flowback operations of the fracture stimulation fluid commenced in early October before the Well was shut in and production tubing was successfully installed, with flowback operations recommencing in late October.

The Well continues to flow back fracture stimulation fluid, with some gas shows, however a measureable gas breakthrough that would allow  the commencement of extended production testing to assess the extent of the resource that may be present has yet to occur.

Data collected and analysed to guide ongoing operations is showing greater pressures in the horizontal section of the Well than in the surrounding reservoir, do to the saline content and density of the flowback fluid and the hydrostatic column weight of this fluid in the vertical section. this pressure difference can prevent flow of gas from the reservoir into the fractures and then to surface and it is not unusual in shale plays to observe the salinity and densety of the flowback floid to increase as salt easily migrates from the formation.

Operations are now being planned to re-enter the Well with coiled  tubing and apply nitrogen lift techniques to lower pressures in the Well and assist with achieving and sustaining gas breakthrough that, if successful, will allow extended production testing to commence. This technique not uncommon and was applied to the successful Amungee NW1-1H well in 2016.

The timing of coiled tubing activities and the nitrogen lift are being considered as the wet season approaches, with health, safety, environment and cost consideration in mind. If a decision is made to temporarily shut-in the Well, operations will resume in early 2021.

As is the nature of exploration and appraisal, Falcon and its partner, Origin, are continually responding  to the data gathered through operations to inform ongoing activities.

Other data collected to date remains positive. In particular, core analysis indicates mature hydrocarbons and good permeability (natural pathways for gas to flow) and mud logs indicate liquids rich gas. The fracture stimulation of the well was successful and integrity of the well remains.

Further updates will be provided to the markets as appropriate.

Philip O’Quigley (CEO of Falcon) commented:

“Based on all the technical data gathered from conventional cores, DFIT’s and extensive wireline logging, together with the successful completion of the hydraulic fracture stimulation, we remain optimistic about the potential outcome of the production test. While we have not had a successful flow rate to date, our ongoing goal is that the planned Well activities will support a successful outcome”

Take away:

Do not sell any of your Falcon shares under $10.00

Presented by Regulator Watch
Monday, Nov. 30, 2015

Regulator Watch - Regulator Watch

 Tim Hortons is the place where the ordinary Falconer meets and chats over a coffee.

Again it's another day at Tim's coffee shop. As Falcon’s drilling programme getting underway, the excited Falconers yet again turn to Jimmy the Geek for answers.

-Hey Jimmy…the analyst consensus having a Buy rating on Falcon Oil & Gas.

  What’s your rating?

-Well boys, what I'm gonna say has nothing to do with rating.

  It’s called advice: Do not sell under $10.00

 Tim Hortons is the place where the ordinary Falconer meets and chats over a coffee.

Again it's another day at Tim's coffee shop. The true Falconers yet again turn to Jimmy the Geek for answers.

-Hey Jimmy...

-I know, I know. Just remember, if you are ready to add more, always buy on the ask side.

 .......................................................................................................................................... 

As usual the true Falconers are in a heated discussion over the dishonest antics used by the greedy faceless-backroom-boys.

And as usual, once again they turn to Jimmy the Greek for advice.

- Hey Jimmy, now that the greedy faceless-backroom-boys forced the share price down to this ridiculously low levels, I have been trying to pick up some shares, but no cigar. Why is that?

-Obviously you are trying to buy on bid side. The backroom-boys put you in the back of the queue. That's how they protect their pool on the ask side. Haven't you noticed that the ask side does't change at all, and yet tens of thousands move to the bid side. And then they move the bid and ask down a notch. However they are counting on your greediness and usualy you do the same. This way they can manipulate the stock price down to the levels that might induce the less knowledgeable investors to sell.

My advice in the scenario like ours is that if you are ready to add more, always buy on the ask side.

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Just another day at Tim Hortons. Once again the Falcon group is in heated discussion over the dishonest antics used by the greedy faceless-backroom-boys.

One of them says - lets ask Jimmy the Geek, he's a realy smart guy.

- Hey Jimmy what's with those double talking minions across the pond?

- Well guys, as you all know they are FBB employees, masquerading as investors.

  Usually, when an investment becomes more valuable -as just Falcon did - the FBB goes all out and try to take away from the public as much investment as they can getaway with. So, to achieve their goal, they have to create a state of disllusionment, through spreading negativity and it becomes difficult to stay positive about what once gave you hope and joy, and so on. That's what the minions are for, that's their job. Basket of deplorable people.

Now, I don't give a flying fart what they do, I know my investment and I sleep well, and so should you.

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 Everyone is very cheerful at Tim Hortons and dicussing Tuesday's big news from australia. After a while the subject of discussion drifts towards the greedines of the faceless-backroom-boys.

One of them asks Jimmy the Geek, a pretty bright guy.

-Tell us Jimmy, why do these FBB still pretending as if there were real sellers?

- Because it’s the oldest trick in the toolbox. Old as balls!. And that's not all. The London listing is one tenth of the Toronto listing. Then 5 hours ahead of Toronto they knock the price down with fake trades and wait for Toronto to open. And then Toronto follows suit. The truth is that fakery does not work.

 -And do you guys know why doesn't work? Because the FBB just sticking their heads in the sand and are ignorant enough to believe that the 13,000 smart investors are just plain stupid.

No image? Apparently the manipulators are back. Many thanks to the BackroomBoys to prove just how badly they yearn to possess your Falcon shares. 

So hold and do not selll any of your shares under $4.00

The 13,000 investors are amongst good company!

Rule to long-term investing:

When you find a value stock put it in your portfolio and hold; like Burlingame, like Renova, like Sweetpea, like Persistency, like Nicolas Mathys

When big players are set to acquire a big position in a company, they always employ agents to accumulate the shares on the open market, then months later a transaction will occur between the parties for a healthy profit for the agents. On the other hand the buyer saves a lot of money for not buying it on the open markets.

This is how Burlingame acquired 105,835,269 shares in 2008 and 2009.

Burlingame’s 1st tranche

Burlingame’s 2nd tranche

Burlingame’s 3rd tranche

Burlingame’s 4th tranche

In 2011 Burlingame increased their holding to 125 million shares.

No image? Apparently the manipulators are back. Many thanks to the BackroomBoys to prove just how badly they yearn to possess your Falcon shares. 

So hold and do not selll any of your shares under $4.00

Falcon Oil & Gas Ltd. (LON:FOG) Kyalla 117 N2-1 – Horizonal Drilling Commenced

10 December 2019 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that drilling of the horizontal section of the Kyalla 117 N2-1H appraisal well in the Beetaloo Sub-Basin, Australia has commenced, along with the advancement of the vertical well evaluation.