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Falcon Oil & Gas Ltd. LSE:FOG London Ordinary Share CA3060711015 COM SHS NPV (DI)
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Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -3.0 -0.3 - 80

Falcon Oil & Gas Ltd. Falcon Oil & Gas Ltd. - Kyalla 117 N2 Horizontal Appraisal Well Emp Approved

22/08/2019 7:00am

UK Regulatory (RNS & others)


 
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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