Falcon Oil delighted with flow test result from Amungee
Philip O'Quigley, Falcon’s chief executive, said the results were a significant milestone in the exploration programme
Company
LON:FOG
Falcon Oil & Gas Ltd. (“Falcon” or “Company”) is an international oil and gas company engaged in the acquisition, exploration and development of unconventional oil and gas assets. The Company’s principal interests are located in two major underexplored basins in Australia and South Africa; with further interests in Hungary, covering approximately 12.3 million gross acres. The Company’s interests are in countries with a high regional demand for energy and for Australia and Hungary are close to existing infrastructure allowing for rapid delivery of oil and gas to market.
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Philip O'Quigley, Falcon’s chief executive, said the results were a significant milestone in the exploration programme
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“This declaration of discovery is a huge leap forward, so it is terribly exciting,” chief executive Philip O'Quigley said.
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Philip O’Quigley, Falcon chief executive, described the filing with the Australian authorities as an “exciting development”.
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“Preliminary results of the first horizontal exploration well in the Beetaloo are very encouraging," said chief executive Philip O'Quigley.
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“We look forward to updating the market on both of these key operations as information becomes available," said CEO Philip O'Quigley.
Amungee NW-1H, drilled last year, in Australia’s Beetaloo shale basin, is being re-entered so that can be fracked and tested.
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