Falcon Oil & Gas Ltd. (FOG)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

7.15p
   
  • Change Today:
    -0.100p
  • 52 Week High: 11.70
  • 52 Week Low: 6.15
  • Currency: UK Pounds
  • Shares Issued: 1,044.35m
  • Volume: 178,386
  • Market Cap: £74.67m

Falcon Oil confirms spudding of Velkerri 76 well

By Josh White

Date: Thursday 12 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Falcon Oil & Gas announced the spudding of the Velkerri 76 S2-1 well in the Beetaloo Sub-Basin of Australia's Northern Territory on Thursday, with joint venture partner Origin Energy B2, which is a wholly-owned subsidiary of ASX-listed Origin Energy.
The AIM-traded firm said Velkerri 76 was targeting the Velkerri play along the south-eastern flank of the Beetaloo Sub-Basin, which was predicted to be in a liquids-rich gas window.

It said the primary objectives for the drilling was to drill a vertical pilot well to acquire core and log and conduct a diagnostic fracture injection test data across the Velkerri, and to penetrate the Velkerri formation to assess hydrocarbon maturity, saturation and reservoir quality.

The goals also included providing further information on the areal distribution of the Velkerri formation, and collecting data for potential future horizontal drilling, completion, stimulation and production testing, including ability to flow liquids-rich gas.

"The spudding of Velkerri 76 marks yet another exciting milestone for the joint venture and we look forward to updating the market as soon as results become available," said Falcon's chief executive officer Philip O'Quigley.

At 0815 BST, shares in Flacon Oil & Gas were up 0.47% at 5.35p.

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FOG Market Data

Currency UK Pounds
Share Price 7.15p
Change Today -0.100p
% Change -1.38 %
52 Week High 11.70
52 Week Low 6.15
Volume 178,386
Shares Issued 1,044.35m
Market Cap £74.67m

FOG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
14.81% below the market average14.81% below the market average14.81% below the market average14.81% below the market average14.81% below the market average
39.47% below the sector average39.47% below the sector average39.47% below the sector average39.47% below the sector average39.47% below the sector average
Price Trend
19.66% below the market average19.66% below the market average19.66% below the market average19.66% below the market average19.66% below the market average
34.15% above the sector average34.15% above the sector average34.15% above the sector average34.15% above the sector average34.15% above the sector average
Income Not Available
Growth Not Available

FOG Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
14:30 4,166 @ 7.20p
12:59 40,018 @ 7.16p
11:13 13,887 @ 7.17p
08:53 1,409 @ 7.10p
08:36 41,900 @ 7.16p

FOG Key Personnel

CEO Philip O'Quigley
CFO Anne Flynn

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