FLASH: Falcon Oil & Gas resumes operations at 117 N2-1H ST2 well

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StockMarketWire.com – Oil and gas company Falcon Oil & Gas said operations had resumed at its Kyalla 117 N2-1H ST2 well in the Beetaloo Sub-basin, Northern Territory, Australia.

Flow back operations recommenced in late October, with the well currently flowing back at a rate of approximately 500 barrels per day with minor gas breakthroughs observed to date, the company said.

‘Following a short initial flow back of hydraulic fracture stimulation fluid to surface the well was subsequently shut in and production tubing was successfully installed and tested,’ it added.

At 8:29am: [
LON:FOG] Falcon Oil Gas share price was 0p at 9.95p

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