Falcon has successfully concluded drilling operations on the Kalala S-1 well. Results encountered are very encouraging, with the well drilled to a total depth (TD) of 2,619 meters.

Preliminary evaluation of the Kalala S-1 vertical exploration well confirms: •the presence of a thick Middle Velkerri source rock sequence in the Beetaloo Basin permit EP98, falling in a highly prospective gas mature depth window; •a gross interval of over 500 meters shale gas with net pay exceeding 150 meters; •the presence of moveable hydrocarbons in the form of elevated gas shows; •a number of prominent good quality sandy/silty reservoir sections measuring between 50 and 80 meters in thickness, each representing potential candidates for horizontal drilling; •excellent potential for gas mature, gas saturated and quartz rich source rocks that represent excellent exploration targets with material volumetric upside.

Tags: Falcon Oil & Gas