Falcon Oil & Gas Advances Shenandoah South Pilot Project with New Well

Falcon Oil & Gas Ltd. has initiated the drilling of its second well, Shenandoah S2-4H (SS4H), in the Beetaloo Sub-basin, Northern Territory, Australia, as part of the ongoing Shenandoah South Pilot Project. This well, drilled in partnership with Tamboran (B2) Pty Limited, represents a significant step in Falcon’s exploration activities in the region.

Drilling Details and Target Formation
The SS4H well is being drilled from the same well pad used for the Shenandoah S2-2H ST1 sidetrack well (SS2H ST1) and will use the H&P super-spec FlexRig Flex 3 Rig. The well is expected to reach a total depth of 20,669 feet (6,300 meters), with approximately 10,000 feet (3,000 meters) dedicated to the horizontal section. The drilling is focused on the Amungee Member B-shale, a key formation for gas exploration within the Beetaloo Sub-basin. This well follows up on the initial success of the SS2H ST1 well, which set the stage for further exploration in this promising area.

Well Stimulation and Production Timeline
Following the completion of drilling, Falcon plans to stimulate both the SS2H ST1 and SS4H wells. Liberty Energy, a service provider, will handle the well stimulation process, which includes 34 stages for SS2H ST1 and 60 stages for SS4H. Stimulation is scheduled to begin in the first quarter of 2025. Once stimulation is complete, initial production flow rates are expected to be measured within 30 days, providing further insights into the commercial potential of these wells.

Falcon’s Ongoing Commitment and Future Prospects
Falcon Australia continues to participate in the Shenandoah South Pilot Project with a 5% interest. CEO Philip O’Quigley highlighted the importance of this milestone, noting that the spudding of SS4H is an exciting development for the Beetaloo Sub-basin and further solidifies Falcon’s position in the region. The company is committed to updating the market as the project progresses, with a focus on ensuring optimal production and addressing potential future challenges.