Sign up USA
Proactive Investors - Run By Investors For Investors

Falcon Oil & Gas boss 'more than pleased' with Beetaloo Basin gas in place report

Philip O'Quigley, the chief executive of Falcon Oil & Gas (LON:FOG, CVE:FO), described himself as "more than pleased" with the report submitted by partner Origin Energy on its shale acreage in the Beetaloo Basin in the Northern Territory, Australia.
It put a gross best estimate of gas in place at a world-class 496 trillion cubic feet - or up to 82bn barrels of oil equivalent - for the Velkerri B shale horizon.
But as O'Quigley points out that's just one horizon at Beetaloo. There are also the A and C horizons.
"So there's a lot more to go after but at a starting point of 496 trillion cubic feet  (TCF) just for the middle  Velkerri  it's a pretty good place to start."

 
Meet Jersey Oil and Gas PLC, Chariot Oil and Gas, OPG Power Ventures Plc. and European Metals Holdings Ltd at our event, London, 09 March 2017. Register here »
Giles_55af4ddca6481.jpg
Why Invest In Falcon Oil & Gas Ltd? Read More Here

Register here to be notified of future Falcon Oil & Gas Ltd articles
View full FOG profile

Falcon Oil & Gas Ltd Timeline

Copyright © Proactiveinvestors.com, 2017. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC