Falcon Oil and Gas revealed its Australian drilling campaign in the Beetaloo Basin today. Drilling is scheduled to begin in the second quarter of this year on two new vertical wells.
“We are delighted to report that preparations for the 2016 Beetaloo drilling and testing programme are underway,” said chief executive, Philip O’Quigley. “Our shareholders can look forward to another exciting year of exploration activity which has the potential to transform the value of the company.”
The campaign is expected to test gas productivity and explore the shallower, oil prone sections of the Middle Velkerri shale.
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