Projects

Australia — Beetaloo Basin

Falcon Oil & Gas owns a 75% working interest in an aggregate 7,000,000 acre prospect in Northern Territory, Australia, known as the Beetaloo Basin.

The Beetaloo Basin, part of the larger MacArthur Basin, is a Pre Cambrian Basin in the Northern Territory of Australia, approximately 600 kilometers south of Darwin. The property consists of four exploration permits which encompass approximately 7,000,000 acres. Multiple conventional and unconventional oil and gas opportunities have been identified. The basin has more than 3,000m of sediment column in which two world class source rocks have been identified; the oil and gas generating Kyalla Shale and the gas generating Velkerri Shale. The main hydrocarbon plays in this large basin are in the shale reservoirs and in the sandstones adjacent to them. Each source rock is widespread, with thicknesses up to 800m. The sandstones have conventional porosities and permeabilities and numerous conventional structures have been mapped from over 2000km of 2D seismic. 11 wells have already been drilled in the basin in the 1990s. All of the wells showed presence of oil and gas.

PetroHunter Energy Corporation owns the remaining 25% working interest. Falcon Oil & Gas is the operator of the area.