Falcon pursues Australian shale gas opportunities

The AIM- and TSX-listed independent sees huge opportunities in Australia’s Northern Territory

Australia’s Beetaloo sub-basin is very attractive because it comprises a vast shale play, says Philip O’Quigley, CEO of Dublin-headquartered Falcon Oil and Gas. The Beetaloo shale, in particular the Amungee Member B shale targeted by Falcon, displays similar characteristics—including porosity, permeability, thickness and total organic content (TOC)—to prominent US shale fields, particularly Marsellus and Barnett shale. Falcon (22.5pc) and ASX-listed Origin Energy (77.5pc) are partners in three exploration permits, EP76, EP98 and EP117, in the sub-basin. Appraisal work is already well under way, with pilot production planned to start in 2023, O’Quigley says. Then production is scheduled to sc

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