Falcon Oil & Gas Ltd. - Beetaloo Farm-Out - Seite 3
www.originenergy.com.au
Glossary of terms
A$ | Australian dollar |
Cost Cap | The costs up to which Origin has agreed to fund 100%. Any costs incurred above the Cost Cap will be paid 77.5% by Origin and 22.5% by Falcon Australia |
H1 | First six months of the calendar year |
H2 | Second six months of the calendar year |
JV Partners | Joint venture between Origin Energy and Falcon Oil & Gas Australia Ltd. |
LNG | Liquefied natural gas |
MW | Megawatt |
TOG Group | Malcolm John Gerrard, Territory Oil & Gas LLC & Tom Dugan Family Partnership LLC |
Stage 2 | Drilling operations include the drilling and hydraulic fracture stimulation of two horizontal wells to evaluate the potential of liquids rich gas fairways in the Kyalla and Velkerri shale plays |
Stage 3 | Drilling operations include the drilling and hydraulic fracture stimulation of two horizontal wells to prove flow rates of gas/liquids that provide a range of commercialisation options |
TSXV | The TSX Venture Exchange is a stock exchange in Canada |
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Advisory regarding forward looking statements
Certain information in this press release may constitute forward-looking information. Any statements that are contained in this news release that are not statements of historical fact may be deemed
to be forward-looking information. Forward-looking information typically contains statements with words such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”,
“estimate”, “projects”, “dependent”, “potential”, “scheduled”, “forecast”, “outlook”, “budget”, “hope”, “support” or the negative of those terms or similar words suggesting future outcomes.
This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Such information may include, but is not limited to,
comments made with respect to the type, number, schedule, stimulating, testing and objectives of the wells to be drilled in the Beetaloo Sub-basin Australia, the prospectivity of the Middle
Velkerri and Kyalla plays and the prospect of the exploration programme being brought to commerciality, risks associated with fluctuations in market prices for shale gas; risks related to the
exploration, development and production of shale gas reserves; general economic, market and business conditions; substantial capital requirements; uncertainties inherent in estimating quantities of
reserves and resources; extent of, and cost of compliance with, government laws and regulations and the effect of changes in such laws and regulations; the need to obtain regulatory approvals
before development commences; environmental risks and hazards and the cost of compliance with environmental regulations; aboriginal claims; inherent risks and hazards with operations such as
mechanical or pipe failure, cratering and other dangerous conditions; potential cost overruns, drilling wells is speculative, often involving significant costs that may be more than estimated and
may not result in any discoveries; variations in foreign exchange rates; competition for capital, equipment, new leases, pipeline capacity and skilled personnel; the failure of the holder of
licenses, leases and permits to meet requirements of such; changes in royalty regimes; failure to accurately estimate abandonment and reclamation costs; inaccurate estimates and assumptions by
management and their joint venture partners; effectiveness of internal controls; the potential lack of available drilling equipment; failure to obtain or keep key personnel; title deficiencies;
geo-political risks; and risk of litigation.