This is next door to our NT McArthur basin tenements and is somehow escaping the wrath of the anti fracking activist attention. The results of this drilling campaign will definitely be watched however by O & G companies.
Falcon Oil & Gas Ltd (LON:FOG, CVE:FO) gave a brief operational update alongside its AGM results statement, highlighting that work to re-enter the Amungee NW-1H well has begun.
Amungee NW-1H, drilled last year, in Australia’s Beetaloo shale basin, is being re-entered so that can be fracked and tested.
The project operator, Origin Energy, expects production casing and cementing of the well will be completed by the end of June.
After that, a multi-stage fracture stimulation programme will take place by the end of July, which will essentially start a 90 day production testing programme.
AJQ Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held
