Falcon Oil & Gas Ltd. 欣然宣布，Shenandoah S2-2H ST1（简称“S-2H ST1”）在澳大利亚北领地Beetaloo次盆地的Amungee段B页岩层段，经过35级增产处理，在1671米（5483英尺）的深度上实现了平均60天初始产量（简称“P60”）流量，达到680万立方英尺/天（简称“P60”），创下了Beetaloo地区迄今为止最高的IP60产量纪录。

要点：

标准化10000英尺水平段的平均流量为1240万立方英尺/天，与Marcellus页岩干气区11000多口井12个月期间的产量平均值一致。结果证明，Beetaloo 次盆地的天然气具有向澳大利亚国内东海岸天然气市场进行商业输送的潜力，而该市场的价格通常高于美国亨利中心的天然气价格。

产出速率保持稳定、低下降曲线，为 6.4 MMcf/d，流动井口压力约为 720 psi，在过去 30 天的测试中，其下降幅度低于 Shenandoah South 1H 井（“SS-1H”）。

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。

钻井活动正在进行中

2025 年钻井活动现已开始，目标是在未来几个月内连续钻探最多三口 10,000 英尺的水平井。这将完成五口井 Shenandoah South 试点项目的钻井阶段。

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%，因此无需承担这三口井钻探的任何成本风险。Falcon

首席执行官Philip O'uigley评论道：

“今天公布的680万立方英尺/天的IP60流量结果非常出色，标志着Beetaloo次盆地又一个重要的数据点，再次证明其可与美国最好的页岩井相媲美。这些结果，加上30天平均初始产量超过了Falcon钻探前每1000米300万立方英尺/天的商业化阈值，所有这些都表明Beetaloo拥有巨大的资源潜力。”

2025年启动的三口井钻探活动是Beetaloo地区迄今为止规模最大的钻探活动，有望进一步证明Beetaloo地区真正的商业潜力。

我们期待钻探结果公布后立即向市场更新。

Falcon Oil & Gas Ltd. is pleased to announce that Shenandoah S2-2H ST1 (“SS-2H ST1”) achieved an average 60-day initial production (“IP60”) flow rate of 6.8 million cubic feet per day (“MMcf/d”) over 1,671-metres (5,483-foot) across a 35 stage stimulated horizontal within the Amungee Member B-Shale in the Beetaloo Sub-basin, Northern Territory, Australia, making it the highest IP60 result in the Beetaloo to date.

Points to note:

The average flow rate of 12.4 MMcf/d over a normalized 10,000-foot horizontal section remains in-line with an average of more than 11,000 wells in the Marcellus Shale dry gas area on production over a 12-month period. The results demonstrate the commercial deliverability of gas from the Beetaloo Sub-basin to the Australian domestic East Coast gas market that typically sells at a premium to Henry Hub in the United States.

The exit rate maintains a steady, low-declining curve at 6.4 MMcf/d with a flowing wellhead pressure of ~720 psi and has exhibited less decline than that of the Shenandoah South 1H well (“SS-1H”) over the last 30 days of testing.

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

Drilling Campaign Gets Underway

The 2025 drilling campaign has now commenced targeting up to three 10,000-foot horizontal wells to be drilled back-to-back over the next few months. 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 IP60 flow rate results announced today of 6.8 MMcf/d are truly stellar and mark another major data point in the Beetaloo Sub-basin, again demonstrating that it compares to the best shale wells in the United States. These results, coupled with the average 30-day initial production exceeding Falcon’s pre-drill commercial threshold of a normalised flow rate of 3 MMcf/d per 1,000 metres, all point towards the significant resource potential of the Beetaloo.

The commencement of the 2025 three well drilling campaign, which is the largest drilling campaign in the Beetaloo to date, will hopefully provide further evidence of the real commercial potential of the Beetaloo.

We look forward to updating the market as soon as these drilling results become available.”