Falcon Oil & Gas Spuds Kalala S-1 Well in Australia

Falcon Oil & Gas announced Wednesday that it has spud the Kalala S-1 well, located within exploration permit 98 in Australia’s Beetaloo Basin.

The well, which will be drilled to a total depth of approximately 9,186 feet, marks the commencement of a three well drilling and evaluation program in the Beetaloo Basin in 2015. Drilling operations at Kalala S-1 are expected to take around 35 to 50 days to complete.

Falcon Oil & Gas CEO Philip O’Quigley commented in a company statement:

“The spudding of Kalala S-1 well is an important milestone for the company and marks the start of our initial three well fully funded 2015 drilling campaign. The initial drilling program is designed to test the hydrocarbon saturation and reservoir quality of the basin and determine the prospectivity of this highly attractive basin. We will update the market as soon as results become available."

Falcon’s three well drilling campaign for 2015 is part of a larger nine well exploration and appraisal program, planned from 2015 to 2018.



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