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.