South Africa shales, sandstones evaluation set

Falcon Oil & Gas Ltd., Denver, plans to evaluate the natural gas content of fractured shales and sandstones of Permian age in the Karoo basin 120 miles northeast of Cape Town, South Africa.

Nov 2nd, 2009

By OGJ editors
HOUSTON, Nov. 2
-- Falcon Oil & Gas Ltd., Denver, plans to evaluate the natural gas content of fractured shales and sandstones of Permian age in the Karoo basin 120 miles northeast of Cape Town, South Africa.

Under a technical cooperation permit, Falcon has up to 1 year to perform a technical appraisal of 7.5 million acres in the basin. The appraisal will include a review of the South African Petroleum Data Base.

The permit does not require Falcon to drill any wells and establishes the company in a priority position for exercising future exploration rights on lands covered by the permit, Falcon said.

Nine wells drilled in the area in the late 1960s and early 1970s encountered gas shows. One well, drilled in 1968, flowed at the rate of 1.84 MMcfd of gas from fractures without stimulation, according to a Soekor Inc. geological well completion report.

More in Home