Falcon Oil & Gas Ltd. - Beetaloo Sub-Basin Operational Update
2019年7月31日 - 3:00PM
FALCON OIL &
GAS LTD.
(“Falcon”)
Beetaloo Sub-Basin Operational
Update
31 July 2019 - Falcon Oil & Gas Ltd. (TSXV:
FO, AIM: FOG, Euronext Growth: FAC) notes the operational update on
the Beetaloo Sub-Basin provided by Origin Energy Limited as part of
their June 2019 Quarterly Production Report, which reads as
follows:
Preparatory work ongoing in the Beetaloo. Two
horizontal appraisal wells planned in CY2019:
- Kyalla liquids rich gas play - water extraction licence in
place, drilling approval anticipated in August. Water bores drilled
and access road and well pad construction nearing completion.
- Velkerri liquids rich gas play – water extraction licence in
place, water bore and access roads approved, awaiting well pad
civils and drilling approval.
Philip O’Quigley, CEO of Falcon,
commented: “We look forward to updating the market
when the JV re-commences drilling in the highly prospective
Beetaloo Sub-basin in 2019.”
For further information, please contact:
CONTACT DETAILS:
Falcon Oil & Gas Ltd. |
+353 1 676 8702 |
Philip O'Quigley, CEO |
+353 87 814 7042 |
Anne Flynn, CFO |
+353 1 676 9162 |
|
|
Davy (NOMAD, Euronext Growth Advisor & Joint
Broker) |
John Frain / Barry Murphy |
+353 1 679 6363 |
|
|
RBC (Joint Broker) |
|
Matthew Coakes / Martin Copeland |
+44 20 7653 4000 |
|
|
Cenkos Securities plc (Joint Broker) |
|
Neil McDonald/Derrick Lee |
+44 131 220 9771 |
About Falcon Oil & Gas
Ltd.Falcon Oil & Gas Ltd is an international oil &
gas company engaged in the exploration and development of
unconventional oil and gas assets, with the current portfolio
focused in Australia, South Africa and Hungary. Falcon Oil &
Gas Ltd is incorporated in British Columbia, Canada and
headquartered in Dublin, Ireland with a technical team based in
Budapest, Hungary.
For further information on Falcon Oil & Gas
Ltd. please visit www.falconoilandgas.com
About Origin EnergyOrigin
Energy (ASX: ORG) is a leading Australian integrated energy
company. Origin is a leading energy retailer with approximately 4.1
million customer accounts, has approximately 6,000 MW of power
generation capacity and is also a large natural gas supplier.
Origin is the upstream operator of Australia Pacific LNG, which
supplies natural gas to domestic markets and exports LNG under long
term contracts.
www.originenergy.com.au
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Certain information in this press release may
constitute forward-looking information. This information is based
on current expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. Falcon assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to Falcon. Additional information identifying risks and
uncertainties is contained in Falcon’s filings with the Canadian
securities regulators, which filings are available at
www.sedar.com.
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