Falcon Oil & Gas Ltd. Announces Start of Rig Operations at Shenandoah #1

Falcon Oil & Gas Ltd. (TSXV:FO) started operations at the Shenandoah #1 wellsite in the Beetaloo Basin, Northern Territories, Australia.

The press release is quoted as saying:

The rig will run and cement a 4.5 inch casing string to total depth at 2,714 metres. It will then move away allowing the Halliburton stimulation equipment on-site for testing operations. A total of five intervals are planned to be tested; two in the Velkerri shales, two in the Moroak sandstones and one in the Lower Kyalla shales. The intervals are prospective for gas, and while high flowrates are not expected from this vertical well, hydrocarbons produced to surface will direct the future placement of horizontal wells for the purpose of testing commerciality. The full test sequence is expected to be concluded around the end of November, 2011.

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