Origin Energy JV outlines Stage 3 Beetaloo program

The joint venture of Origin Energy Ltd. and Falcon Oil & Gas Ltd. modified the work program for Stage 3 of the Beetaloo basin project onshore Northern Territory.

The program now includes:

• Acquisition of a 58 km line of high spec 2D seismic on the Amungee NW-1H well lease area.
• Drilling of one 1,000 m horizontal well on the Amungee NW-1H pad targeting the Amungee Member (formerly the mid-Velkerri B shale).
• A step out location about 10 km from the pad to drill a vertical pilot well and a 1,000 m horizontal well also targeting Amungee Member B shale.
• A 15-stage fracture stimulation on both horizontal wells.
• An extended production test of 90-180 days on each well.

There will be follow-up core and log analysis of the preliminary evaluation of 2021 Velkerri 76 well results and further evaluation of Kyalla 117 N2-1H well results to better understand issues encountered during the 2021 test program.

The primary objective of the new wells is to obtain a production rate over the first 30 days of 2-3 MMcfd of gas to support a multi-well pilot program in 2023-2024.

Secondary objectives include characterizing the natural fracture network and its complexity as well as integrating the well data and seismic data to assess the merits of future 3D surveys in the Beetaloo.