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Falcon Oil & Gas Ltd on Friday said drilling operations at the Amungee NW-2H well in Australia have completed, with a high concentration of methane observed.
The Dublin-based oil and gas company focused on Australia, South Africa and Hungary, said the drilling was completed with Falcon Oil & Gas Australia Ltd’s joint venture partner Tamboran Pty Ltd, an Australian natural gas company.
The well was drilled to a depth of 3,883 metres, including a 1,275-metre horizontal section within the Amungee Member B Shale in the Beetaloo Sub-Basin.
The Amungee NW-2H well intersected the Amungee Member B Shale at 2,413 metres vertical depth, and preliminary drilling data confirms elevated gas shows with a high concentration of methane observed, Falcon said.
The cost of drilling was A$14.1 million, which is around £8.1 million, and this excludes casing and cementing. Falcon said this is slightly ahead of the budget, although the budget was not specified.
Operations are expected to resume in the first three months of 2023, and up to 24 stimulation stages are planned within the Amungee Member B Shale, although this is subject to weather conditions.
Falcon said stimulation and flow testing of the Amungee NW-2H well over the 1,275-metre horizontal section will enhance the joint venture‘
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