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Falcon Oil & Gas Ltd. - Beetaloo Sub-basin - Completion of the SS2-1H well stimulation program
Falcon Oil & Gas Ltd (“Falcon”) Beetaloo Sub-basin - Completion of the ...
About this update from Falcon Oil & Gas Ltd.
[{"type":"text","content":"Falcon Oil & Gas Ltd. - Beetaloo Sub-basin - Completion of the SS2-1H well stimulation program\n\n\n\n\n Falcon Oil & Gas Ltd (“Falcon”)\n \n\n\n\n Beetaloo Sub-basin - Completion of the SS2-1H well stimulation program\n \n\n\n 15 December 2025 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that Falcon Oil & Gas Australia Limited’s (“\n \n Falcon Australia\n \n ”) joint venture partner Tamboran (B2) Pty Limited (collectively the “\n \n BJV partners\n \n ”) has completed the Shenandoah South SS2-1H well (“SS2-1H”) stimulation program.\n \n\n\n Stimulation Program Details:\n \n\n\n\n 58 stages were stimulated across a ~3,050-metre (10,009 foot) horizontal section within the Amungee Member B Shale, with an average intensity of 2,206 pounds per foot of proppant placed along the completed horizontal section.\n \n\n Wellhead injection rates were consistently above 100 barrels per minute.\n \n\n The program utilized Liberty Energy’s (NYSE: LBRT) modern stimulation equipment.\n \n\n Optimization of the stimulation design during the campaign increased stage spacing from ~50 metres to ~60 metres (164 feet to 196 feet), reducing the total number of stages required. This adjustment is expected to lower costs in future stimulation programs.\n \n\n Due to an equipment issue encountered during the cleaning out of the well, it was determined that ~2,632-metres (8,635 feet) of the horizontal section (86%) will contribute to unimpeded flow but flow may be impeded for the remaining ~419-metre (1,374 feet) section from the toe.\n \n\n Following completion with tubing, the well will be soaked for 30 days before being flow tested for 30 days.\n \n\n 30-day initial production (IP30) flow rates are expected during the first quarter of 2026.\n \n\n In H1 2026, three wells (which includes the second well of the 2024 drilling campaign) are expected to be stimulated ahead of the commencement of gas sales.\n \n\n All wells included in the Shenandoah South Pilot Project are expected to deliver the contracted 40 MMcf/d volume required under the Gas Sales Agreement with the Northern Territory Government subject to weather conditions and final stakeholder approvals.\n \n\n As previously announced, Falcon Australia opted to reduce its participating inter...