Origin Spuds Amungee NW-1 Well in EP98 in Australia's Beetaloo Basin

Falcon Oil & Gas Ltd. reported Tuesday it has spud the Amungee NW-1 well in exploration permit EP98 in the Beetaloo Basin, Northern Territory, Australia.

Amungee NW-1, the second of Falcon’s 2015 three well drilling and evaluation program and the initial phase of a nine well drilling and evaluation program, will target the Middle Velkerri formation to assess hydrocarbon saturation and reservoir quality. The well is located approximately 15.5 miles (25 kilometers) east of the first well drilled -- Kalala S-1 -- in EP98 and will be drilled to a total depth of 8,858 feet (2,700 meters) using Saxon Energy Services Australia Pty. Ltd.'s Rig 185. Drilling is estimated to take between 35 and 50 days.

“Amungee NW-1 is the second of our 2015 fully carried three well drilling program with our partners Origin and Sasol and follows the successful drilling of the first well, Kalala-S1. This second well is designed to once again penetrate and acquire further data from the Middle Velkerri formation. We’re currently evaluating the extensive sidewall core and wireline data and the geochemical analysis of cuttings acquired from Kalala- S1 and look forward to reporting our findings in the near future,” Philip O’Quigley, CEO of Falcon commented in the press release.

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