Falcon Oil & Gas Ltd. 欣然宣布，Shenandoah South 2H Sidetrack（简称“SS-2H ST1”）在澳大利亚北领地Beetaloo次盆地的Amungee段B页岩层段，在1671米（5483英尺）的深度内实现了平均90天初始产量（简称“P90”），日产量达670万立方英尺（简称“Mcf/d”），创下了Beetaloo盆地的最高纪录。

值得一提的是：

SS-2H ST1井在过去30天内，在未进行任何井下干预且保持44/64英寸节流阀的情况下，其产量增长了约2%。
在 90 天的时间结束时，该井的流量为 6.5 MMcf/d，井口压力约为 700 psi，与第 60 天结束时相比，井口压力下降了约 3%。SS
-2H ST1 井现已暂停作业，将于 2026 年中期通过 Sturt Plateau 压缩设施开始向北领地政府销售天然气，具体时间取决于天气条件和最终利益相关方的批准。

有关 SS-2H ST1 流量测试的更多详细信息（包括表格和图表），请参阅附录 A。2025

年钻井活动

2025 年钻井活动继续进展，前两口井（S2-1H 和 S2-3H）的中间段已成功钻探。钻机目前正在钻探第三口井（S2-5H）的中间段。本次活动是 Beetaloo 盆地首次实施批量钻探的多井钻井计划。
在完成 S2-5H 井的中间段后，钻机计划开始钻探三口井的 10,000 英尺水平段。
这将完成Shenandoah South五口井试点项目的钻探阶段。
正如此前宣布的，Falcon Oil & Gas Australia Limited（“Falcon Australia”）选择将其在这三口井的参与权益降至0%，因此对这三口井的钻探不承担任何成本风险。Falcon

首席执行官Philip O'uigley评论道：“

迄今为止，我们在Beetaloo的Shenandoah地区进行的钻探和流量测试结果表明该地区拥有巨大的商业潜力，这对试点项目以及任何后续的大规模开发项目来说都是一个极好的预兆。”这些令人鼓舞的最新成果无疑将支持Tamboran公司在邻近40万英亩（约17.7万平方米）区域（即“二期开发区”）的开发工作，进一步降低Beetaloo商业开发的风险。Falcon

公司总监Tom Layman评论道：

“SS2-2H ST1井的90天强劲回流表现是一个好消息，加上SS-1H井的良好表现，对Beetaloo这一区域来说又是一个利好消息。该井在过去30天内，产量从640万立方英尺/天提升至650万立方英尺/天，且压力变化很小，这表明我们有更多机会优化和最大化Amungee段B组页岩的性能。”

Falcon Oil & Gas Ltd. is pleased to announce that Shenandoah South 2H Sidetrack (“SS-2H ST1”) achieved an average 90-day initial production (“IP90”) flow rate of 6.7 million cubic feet per day (“MMcf/d”) over 1,671-metres (5,483-foot) within the Amungee Member B-Shale in the Beetaloo Sub-basin, Northern Territory, Australia, making it a Beetaloo Basin record.

Points to note:

Flow rates from the SS-2H ST1 well over the last 30 days have increased by ~2% without any downhole intervention and maintaining a 44/64” choke.
At the completion of the 90-day period, the well was flowing at 6.5 MMcf/d with a wellhead pressure of ~700 psi, a ~3% decline in wellhead pressure from the end of Day 60.
The SS-2H ST1 well has now been suspended ahead of the commencement of gas sales to the Northern Territory Government via the Sturt Plateau Compression Facility in mid-2026, subject to weather conditions and final stakeholder approvals.

For further details on the SS-2H ST1 flow test, including a table and charts, please refer to Appendix A.

2025 Drilling Campaign

The 2025 drilling campaign continued to progress with the intermediate section of the first two wells (S2-1H and S2-3H) successfully drilled. The rig is currently drilling the intermediate section of the third well (S2-5H). The campaign is the first multi-well drilling program implementing batch drilling in the Beetaloo Basin.
On completion of the intermediate section of the S2-5H well, the rig is planned to commence drilling of the 10,000-foot horizontal sections of the three wells.
This will complete the drilling phase of the five well Shenandoah South pilot program.
As previously announced, Falcon Oil & Gas Australia Limited (“Falcon Australia”) has no cost exposure to the drilling of these three wells as it opted to reduce its participating interest in the three wells to 0%.

Philip O’Quigley, CEO of Falcon commented:

“The results we are seeing from the wells drilled and flow tested to date in the Shenandoah area of the Beetaloo illustrate the huge commercial potential of this area and augur extremely well for the pilot program and any subsequent larger scale development. These latest encouraging results will no doubt support Tamboran’s efforts in their farming down of an adjacent 400,000 acre area known as “Phase 2 Development Area”, further de-risking the commercial development of the Beetaloo.”

Tom Layman, Director of Falcon commented:

“The strong 90 day flowback performance from the SS2-2H ST1 is good news and in, combination with the SS- 1H, is another great result for this area of the Beetaloo. The fact that the well increased production rate from 6.4 MMcf/d to 6.5 MMcf/d over the last 30 days with very little change in pressure shows that we have more opportunity to optimize and maximize the performance of the Amungee member B-shale.”