Falcon Oil & Gas announces the completion the Shenandoah S2-2H ST1 (“SS-2H ST1”) stimulation in the Beetaloo Sub-basin, Northern Territory, Australia with Falcon Oil & Gas' joint venture partner, Tamboran (B2) Pty Limited.

Key Highlights

• Successfully completed 35 stages across the 1,671-metre (5,483-feet) horizontal section of the Amungee Member B-shale with the Liberty Energy (NYSE: LBRT) modern stimulation equipment.
• Stimulation activities achieved five stages over a 24-hour period on multiple days.
• The average proppant intensity was 2,706 pounds per foot (lb/ft) and achieved wellhead injection rates above 100 barrels per minute.
• The average stage spacing is 48-metres (~157-feet).
• The SS-2H ST1 well will be completed ahead of clean out activities and the commencement of initial flow back and extended production testing.
• Further updates on the completion of the Shenandoah South 4H (SS-4H) well will be provided in due course.

Philip O’Quigley, CEO of Falcon commented:
“We are extremely encouraged about the potential of the current stimulation program based on strong gas shows and other data observed whilst drilling. In addition, the experienced US operator, Liberty Energy, have shown the efficiencies they can achieve which will provide us with the greatest opportunity for the best possible outcomes from this stimulation program. We look forward to updating the market on the IP30 flow test results as soon as they become available.”

KeyFacts Energy: Falcon Oil & Gas Australia country profile