Falcon Oil & Gas Ltd. Falcon Oil & Gas Ltd. - Kyalla 117 N2 Horizontal Appraisal Well Emp Approved
22 Agosto 2019 - 01:00AM
UK Regulatory
TIDMFOG
FALCON OIL & GAS LTD.
("Falcon")
Kyalla 117 N2 Horizontal Appraisal Well EMP Approved
22 August 2019 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG, Euronext
Growth: FAC) is pleased to announce that the Environmental Management
Plan ("EMP") for the Kyalla 117 N2 horizontal appraisal well, for the
planned 2019 drilling, stimulation, and well testing prepared by Origin
Energy B2 Pty Ltd. ("Origin") on behalf of the JV, has been approved by
the Northern Territory Department of Environment and Natural Resources.
Kyalla 117 N2 Horizontal Appraisal Well
-- The well is targeting the Kyalla shale liquids rich gas fairway
-- Construction of the well pad and related civil works is nearing
completion
-- Drilling operations will commence in September
Philip O'Quigley, CEO of Falcon, commented:
"Today's announcement relating to the approval of the Kyalla 117 N2 Well
EMP targeting the Kyalla shale liquids rich gas fairway is an exciting
development for Falcon shareholders. We look forward to the commencement
of drilling operations."
For further information, please contact:
CONTACT DETAILS:
Falcon Oil & Gas Ltd. +353 1 676 8702
Philip O'Quigley, CEO +353 87 814 7042
Anne Flynn, CFO +353 1 676 9162
Davy (NOMAD, Euronext Growth Advisor & Joint Broker)
John Frain / Barry Murphy +353 1 679 6363
RBC (Joint Broker)
Matthew Coakes / Martin Copeland +44 20 7653 4000
Cenkos Securities plc (Joint Broker)
Neil McDonald / Derrick Lee +44 131 220 9771
About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd is an international oil & gas company engaged in
the exploration and development of unconventional oil and gas assets,
with the current portfolio focused in Australia, South Africa and
Hungary. Falcon Oil & Gas Ltd is incorporated in British Columbia,
Canada and headquartered in Dublin, Ireland with a technical team based
in Budapest, Hungary.
For further information on Falcon Oil & Gas Ltd. please visit
https://www.globenewswire.com/Tracker?data=yVvERngQk-YvQHP7lCtpGRNyZQGlP3mAjl3Kr0Z0l67V1gW7XJsk9Nj7pCMkNDxt5ocNo_LmR09xxAZIejcgirBNVRwuM7elXNPrd8aXOg8=
www.falconoilandgas.com
About Origin Energy
Origin Energy (ASX: ORG) is a leading Australian integrated energy
company. Origin is a leading energy retailer with approximately 4.1
million customer accounts, has approximately 6,000 MW of power
generation capacity and is also a large natural gas supplier. Origin is
the upstream operator of Australia Pacific LNG, which supplies natural
gas to domestic markets and exports LNG under long term contracts.
www.originenergy.com.au
Glossary of Terms
EMP Environmental Management Plan
JV Joint Venture
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Certain information in this press release may constitute forward-looking
information. This information is based on current expectations that are
subject to significant risks and uncertainties that are difficult to
predict. Actual results might differ materially from results suggested
in any forward-looking statements. Falcon assumes no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to Falcon. Additional information identifying risks and
uncertainties is contained in Falcon's filings with the Canadian
securities regulators, which filings are available at www.sedar.com.
(END) Dow Jones Newswires
August 22, 2019 02:00 ET (06:00 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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