viewFalcon Oil & Gas Ltd

Falcon Oil & Gas says nitrogen lift operations to start soon at Betaloo

If successful, the operation will allow extended production testing to confirm at the Kyalla 117 well.

Falcon Oil & Gas Ltd -

Falcon Oil & Gas Ltd (LON:FOG) has said nitrogen lift operations should start in the next few days at its Kyalla 117 N2-1H ST2 well in the Betaloo basin of the Northern Territory in Australia.

The owners of the Betaloo licence decided earlier this month to execute operations without delay to re-enter Kyalla 117 with coiled tubing and apply nitrogen lift to lower the pressure in the wellbore and to assist with achieving and sustaining gas breakthrough. If successful, the operation will allow extended production testing to confirm at the well.

READ Falcon Oil & Gas says Beetaloo well programme will be advanced without delay

Falcon owns a 22.5% interest in the Beetaloo project alongside majority partner and operator Origin Energy Ltd (ASX:ORG).

Quick facts: Falcon Oil & Gas Ltd

Price: 8.5 GBX

Market: AIM
Market Cap: £83.46 m


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Falcon Oil & Gas Ltd named herein, including the promotion by the Company of Falcon Oil & Gas Ltd in any Content on the Site, the Company...



Morning Report: FTSE 100 rises for second day on optimism spread of virus in...

The FTSE 100 is expected to rise for a second day on growing optimism that the spread of coronavirus in Europe in slowing. Wall Street jumped 7.7% overnight while Asian markets were also higher. WH Smith has raised £166mln from a placing. The price was at a 4% discount to the last...

on 7/4/20

2 min read