Falcon Oil & Gas Ltd. - Kyalla 117 N2 Horizontal Appraisal Well EMP Approved
2019年8月22日 - 3:00PM
FALCON OIL &
GAS LTD.
(“Falcon”)
Kyalla 117 N2 Horizontal Appraisal Well
EMP Approved
22 August 2019 - Falcon Oil & Gas Ltd.
(TSXV: FO, AIM: FOG, Euronext Growth: FAC) is pleased to announce
that the Environmental Management Plan (“EMP”) for
the Kyalla 117 N2 horizontal appraisal well, for the planned
2019 drilling, stimulation, and well testing prepared by Origin
Energy B2 Pty Ltd. (“Origin”) on behalf of the JV,
has been approved by the Northern Territory Department of
Environment and Natural Resources.
Kyalla 117 N2 Horizontal Appraisal
Well
- The well is targeting the Kyalla shale liquids rich gas
fairway
- Construction of the well pad and related civil works is nearing
completion
- Drilling operations will commence in September
Philip O’Quigley, CEO of Falcon,
commented: “Today’s announcement relating to the
approval of the Kyalla 117 N2 Well EMP targeting the Kyalla shale
liquids rich gas fairway is an exciting development for Falcon
shareholders. We look forward to the commencement of drilling
operations.”
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
Glossary of
TermsEMP
Environmental Management PlanJV
Joint Venture
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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