Falcon Oil & Gas Ltd. has commenced drilling operations on its initial three well fully funded drilling campaign in the Beetaloo Basin, in the Northern territory of Australia.

Highlights: •Civil works on the first well, 'Kalala S-1' are now under way with the spudding on target for the end of June 2015. •Kalala S-1 is located within exploration permit 98, with access from the existing Carpentaria Highway and will be drilled to a total depth of approximately 2,800 meters. •The well is targeting the Middle Velkerri formation to assess hydrocarbon saturation and reservoir quality. •Kalala S-1 is to be operated by Origin Resources Limited (35%) with partners Sasol Petroleum Australia Limited (35%) and Falcon (30%).

Kalala S-1 is the first of Falcon's fully carried, 2015 three well drilling and evaluation programme in the Beetaloo Basin, Northern Territory, Australia, operated by Origin. It is anticipated that the mobilisation of the rig to 'Kalala S-1' well site will happen shortly with the spudding of this first exploration well on target for the end of June.

Tags: Falcon Oil & Gas