Falcon Oil & Gas Ltd - Australia, Hungary and South Africa-focused oil and gas company - Announces stimulation campaign at the Shenandoah S2-2H ST1 and Shenandoah S2-4H wells in the Beetaloo Sub-Basin, Northern Territory, Australia. Falcon says for the next drilling phase of the Shenandoah south pilot project, involving the drilling and stimulation of the remaining four wells, it has chosen to lower its participating interest to none from 5%. Falcon’s overall interest in the Beetaloo remains at 22.5%.
Chief Executive Officer Philip O‘Quigley says: ‘We are extremely encouraged about the potential of the current stimulation program based on strong gas shows and other data observed whilst drilling both wells. In addition, we are very confident that the experienced US operator, Liberty Energy, will provide us with the greatest opportunity for the best possible outcome from this stimulation program. We look forward to updating the market on the IP30 flow test results as soon as they become available.’
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