Beetaloo

Falcon Oil & Gas Ltd - Results of Fundraising

Retrieved on: 
Monday, April 22, 2024
ACT, RESPECT, THIS, FOG, Daly Waters, Fundraising, AIM, FCA, ANY, WERE, Beetaloo, Book building, TSX Venture Exchange, WITH, AS, EUROPEAN UNION, Indian stock exchange, VIA, Subscription business model, Cryptocurrency

Falcon Oil & Gas Ltd (AIM: FOG, TSXV: FO.V), the international oil and gas company engaged in the exploration and development of unconventional oil and gas assets, is pleased to confirm the results of the proposed Fundraising announced by the Company on 18 April 2024.

Key Points: 
  • Falcon Oil & Gas Ltd (AIM: FOG, TSXV: FO.V), the international oil and gas company engaged in the exploration and development of unconventional oil and gas assets, is pleased to confirm the results of the proposed Fundraising announced by the Company on 18 April 2024.
  • As previously announced, alongside the Fundraising, Falcon Oil & Gas Australia Limited (“Falcon Australia”) has agreed to grant Daly Waters Energy, LP (“Daly Waters”) and a major US-based energy industry service provider overriding royalty interests (“ORRIs”) over Falcon Australia’s working interests in the Beetaloo Sub-Basin exploration permits in return for cash payments of US$3 million and US$1 million, respectively.
  • Thomas Layman, a Director of the Company, participated in the Fundraising.
  • The number of New Common Shares conditionally subscribed for by him pursuant to the Subscription, and his resulting shareholding on First Admission, is set out below:

Falcon Oil & Gas Ltd - Shenandoah South - 1H well IP60 Day Flow Rates of 3.0 MMcf/d (normalised to 6.0 MMcf/d)

Retrieved on: 
Tuesday, March 26, 2024
EUR, Pressure, JV, FOG, Beetaloo, IP90, AIM, Oil

26 March 2024 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that the Shenandoah South 1H (SS-1H) well in EP117 achieved above commercial IP60 flow rate of 3.0 MMcf/d (normalised to 6.0 MMcf/d over 1,000 metres).

Key Points: 
  • 26 March 2024 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that the Shenandoah South 1H (SS-1H) well in EP117 achieved above commercial IP60 flow rate of 3.0 MMcf/d (normalised to 6.0 MMcf/d over 1,000 metres).
  • Flow testing of the SS-1H well will continue for the next 30 days to achieve average IP90 flow rates to better determine the well’s estimated ultimate recovery per well (EUR).
  • The project is expected to require six 10,000-foot development wells initially to achieve plateau production of 40 MMcf/d.
  • This augurs well for the initial development in the Shenandoah South area as these rates continue to track average flow rates seen in the Marcellus Shale basin in the US.”

Falcon Oil & Gas Ltd. - Falcon Optimises its Interest in the Beetaloo

Retrieved on: 
Monday, March 25, 2024
Beetaloo, AIM, Aircraft pilot, Silviculture

The election by Falcon to reduce its working interest to 5% will significantly reduce Falcon’s cost to participate in the Pilot.

Key Points: 
  • The election by Falcon to reduce its working interest to 5% will significantly reduce Falcon’s cost to participate in the Pilot.
  • Falcon participated in the SS1-H well in 2023 at its 22.5% working interest which created a Drill Spacing Unit (“DSU”) of 20,480 acres.
  • Falcon retains its full 22.5% participation interest in the remaining 4.52 million acres in the Beetaloo, net 1 million acres to Falcon.
  • This election by Falcon demonstrates our ability to optimise our interest in the Beetaloo for the benefit of shareholders.

Falcon Oil & Gas Ltd. - Stellar IP30 Day Flow Rates Advances the Beetaloo to Pilot Development

Retrieved on: 
Monday, February 26, 2024
IP30, IP90, Sand, AIM, EUR, JV, Beetaloo, Porosity, FOG, Water, Oil

The IP30 flow test extrapolates to ~19.5 MMcf/d for proposed future 10,000-foot (3,000 metres) development wells, in line with some of the highest flow rates achieved in the US Marcellus shale.

Key Points: 
  • The IP30 flow test extrapolates to ~19.5 MMcf/d for proposed future 10,000-foot (3,000 metres) development wells, in line with some of the highest flow rates achieved in the US Marcellus shale.
  • Flow testing of the SS-1H well will continue for the next 60 days to achieve average IP90 flow rates to better determine the well’s EUR.
  • The Beetaloo JV Partners of Falcon and Tamboran B2 Pty Limited will now progress development plans for the proposed 40 MMcf/d Pilot Project at the Shenandoah South location.
  • “The IP30 flow rate announced today of 3.2 MMcf/d, normalised to 6.4 MMcf/d over 1,000 metres, are truly stellar and mark a major turning point in the Beetaloo Basin.

Falcon Oil & Gas Ltd. - Successful Completion of SS1H Stimulation Program

Retrieved on: 
Thursday, December 7, 2023
IP30, Foot, Beetaloo, Weather, AIM, Oil

7 December 2023 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce the completion of the 10-stage stimulation program over a 500 metre horizontal section of the Amungee Member B-Shale within the Shenandoah South 1H (“SS1H”) well in EP117 which is operated by Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran B2 Pty Limited (“Tamboran”).

Key Points: 
  • 7 December 2023 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce the completion of the 10-stage stimulation program over a 500 metre horizontal section of the Amungee Member B-Shale within the Shenandoah South 1H (“SS1H”) well in EP117 which is operated by Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran B2 Pty Limited (“Tamboran”).
  • The stimulation program at SS1H delivered a proppant intensity of 2,212 pounds per foot (lb/ft) and average proppant injection per stage was 356,000 pounds.
  • The stimulation program achieved rates of 100 barrels per minute (bpm) using slickwater, a first in the Amungee Member B-Shale and in-line with current US shale basin stimulation designs.
  • Tamboran now plans to install production tubing ahead of the SS1H well commencing flow back of stimulation fluid.

Falcon Oil & Gas Ltd - Beetaloo Operational Update

Retrieved on: 
Monday, November 27, 2023
Risk, IP30, AIM, Beetaloo, FOG, Tanumbirini, Weather, Oil

27 November 2023 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce the commencement of stimulation activities at the Shenandoah South 1H (“SS1H”) well in EP117 which is operated by Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran B2 Pty Limited.

Key Points: 
  • 27 November 2023 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce the commencement of stimulation activities at the Shenandoah South 1H (“SS1H”) well in EP117 which is operated by Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran B2 Pty Limited.
  • The planned program, to be conducted by Condor Energy Service, includes 10 stimulation stages within the Amungee Member B-shale over a 500-metre horizontal section of SS1H.
  • On completion of the stimulation campaign, production tubing will be installed ahead of expected flowback of stimulation fluid and gas breakthrough.
  • We will continue to update the market as results become available.”

Falcon Oil & Gas Ltd. - Beetaloo Operational Update

Retrieved on: 
Monday, October 30, 2023
IP30, AIM, Amungee Mungee, Foot, Shenandoah, Beetaloo, Powder metallurgy, Oil

30 October 2023 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to provide an operational update on the Shenandoah South 1H (“SS1H”) well in EP117 which is operated by Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited.

Key Points: 
  • 30 October 2023 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to provide an operational update on the Shenandoah South 1H (“SS1H”) well in EP117 which is operated by Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited.
  • Formation pressures at SS1H were monitored for over 20 days and analysed to provide a pore pressure prediction for the area.
  • IP30 flow rate results are anticipated to be released in early Q1 2024, subject to the timing of stimulation fluid flow back.
  • On successful flow testing of SS1H, the Beetaloo Joint Venture (“BJV”) expect to be in a position to sanction a proposed pilot development in the Shenandoah South region.

Falcon Oil & Gas Ltd. - Operational Update including the Successful Drilling of Amungee NW 3H Horizontal Well

Retrieved on: 
Monday, October 16, 2023
HP, FOG, NYSE, Cavendish, Technische Universität Darmstadt, Amungee Mungee, H&P, Beetaloo, Falcon, Helmerich, IP30, AIM, Helmerich & Payne, TD, Oil

16 October 2023 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that drilling operations on the Amungee NW 3H (“A3H”) well in EP98 have been successfully completed with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited.

Key Points: 
  • 16 October 2023 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that drilling operations on the Amungee NW 3H (“A3H”) well in EP98 have been successfully completed with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited.
  • Details of operations are as follows:
    The A3H well was drilled, cased and cemented to a total measured depth (“TD”) of 3,837 metres, including a horizontal section of 1,100 metres in the Amungee Member B-shale.
  • The well intersected the Amungee Member B-shale at a total vertical depth (“TVD”) of 2,272 metres and encountered significant gas shows, in line with pre-drill expectations.
  • Falcon is pleased to announce the appointment of Tennyson Securities as joint broker, alongside Cavendish Securities Plc (“Cavendish”) Falcon’s current broker.

Falcon Oil & Gas Ltd. - Spudding of Amungee NW-3H in Exploration Permit 98

Retrieved on: 
Monday, September 25, 2023
Acceleration, Amungee Mungee, AIM, TVD, Shenandoah, FOG, Falcon, Joint, Beetaloo, Helmerich, Oil

25 September 2023 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce the spudding of the Amungee NW-3H (“A3H”) horizontal well in exploration permit 98 with a H&P (Helmerich & Payne) super-spec FlexRig® Flex 3 Rig in the Beetaloo Sub-basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited (“Tamboran B2”).

Key Points: 
  • 25 September 2023 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce the spudding of the Amungee NW-3H (“A3H”) horizontal well in exploration permit 98 with a H&P (Helmerich & Payne) super-spec FlexRig® Flex 3 Rig in the Beetaloo Sub-basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited (“Tamboran B2”).
  • The A3H well is the second of the two well programme in 2023 and will target the Amungee Member B-Shale at an estimated depth of 2,450 metres TVD (total vertical depth).
  • The A3H well is located on the same well pad as the Amungee NW-2H well in exploration permit (“EP”) 98 and is approximately 60 kilometres north of the Shenandoah South 1H well (“SS1H”) that we completed the drilling of last week.
  • A stimulation program is planned for the second quarter of 2024, following the end of the Northern Territory wet season.

Health evidence against gas and oil is piling up, as governments turn a blind eye

Retrieved on: 
Monday, September 4, 2023
People, Review, Methane, Intergovernmental Panel on Climate Change, Barium, Asthma, Travel, Depression, Industry, Phenols, Heart failure, Atmosphere, Acute lymphoblastic leukemia, WA, Public, Acrolein, Hydrogen sulfide, Agriculture, Anxiety, Aborigine, Organic compound, Sand, Splenic infarction, Fire, Climate change, Toxicity, Temperature, Carbon, Nitrogen, Government, Coal, Biodiversity, Soil, River, Risk, Mining, Water, Fresh water, Map, Particulates, Cancer, Health, Native title in Australia, Toluene, Climate, Pregnancy, Beetaloo, Food security, Safety, Air pollution, Greenhouse, Benzene, Renewable energy, Natural gas, Fossil fuel, Whaling, Oil, Birth control, Goldilocks and the Three Bears

It’s incomprehensible, then, that many of our politicians support “unlocking the Beetaloo Basin” in the Northern Territory and developing another 48 oil and gas projects across Australia.

Key Points: 
  • It’s incomprehensible, then, that many of our politicians support “unlocking the Beetaloo Basin” in the Northern Territory and developing another 48 oil and gas projects across Australia.
  • Today we have launched a report that demonstrates the many risks of oil and gas development for human health and wellbeing in Australia.
  • Read more:
    Australia's 116 new coal, oil and gas projects equate to 215 new coal power stations

What is the evidence against oil and gas?

    • There is a need to combat widely held misconceptions and repeated misinformation about the safety of the oil and gas industry.
    • New research clearly shows that “unlocking gas” is at least as harmful to the climate as mining and burning coal.
    • Our report synthesises recent scientific and public health research on five areas of concern about oil and gas operations:
    • Fracking is often applied many times to each of hundreds to thousands of wells in a region.
    • Air becomes contaminated with volatile organic compounds, polyaromatic hydrocarbons, nitrogen oxides, radioactive materials, diesel fumes, hydrogen sulfide, acrolein and heavy metals.
    • Read more:
      Companies that frack for oil and gas can keep a lot of information secret – but what they disclose shows widespread use of hazardous chemicals

What are the health impacts?


    People exposed to oil and gas operations experience a long list of harms. These include:

    Read more:
    Land clearing and fracking in Australia's Northern Territory threatens the world's largest intact tropical savanna

Putting Indigenous people and others in harm’s way

    • Some companies have allegedly violated the rights of Traditional Owners to free, prior and informed consent.
    • The massive disruption of Aboriginal Country and life puts people at great risk of physical, social, emotional, cultural and spiritual harm.
    • The report also issues a loud warning about sexual violence against First Nations Americans and Canadians associated with oil and gas activities.
    • She is affiliated with the Climate and Health Alliance, Australian Public Health Association and the International Society for Environmental Epidemiology.