Helmerich & Payne Completes Drilling Operations on Amungee NW 3H ("A3H") Well in EP98 with Falcon Oil & Gas Australia Limited's Joint Venture Partner, Tamboran (B2) Pty Limited
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Helmerich & Payne (NYSE:HP) has successfully completed drilling operations on the Amungee NW 3H well in partnership with Falcon Oil & Gas Australia Limited's joint venture partner, Tamboran. The well was drilled to a depth of 3,837 metres, intersecting the Amungee Member B-shale at a depth of 2,272 metres. Drilling took 17.9 days, 20 days faster than the previous well, with total costs of A$12.6 million. A stimulation program is planned for Q2 2024. Falcon has also appointed Tennyson Securities as joint broker alongside Cavendish Securities Plc.
October 16, 2023 | 7:36 am
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POSITIVE IMPACT
Helmerich & Payne has successfully completed drilling operations on the Amungee NW 3H well, achieving significant efficiencies and cost reductions. This could potentially boost the company's performance and reputation in the short term.
The successful completion of the drilling operations, along with the achieved efficiencies and cost reductions, could potentially enhance Helmerich & Payne's operational performance and reputation in the industry. This could have a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Falcon Oil & Gas has successfully completed drilling operations on the Amungee NW 3H well in partnership with Helmerich & Payne and Tamboran. The company has also appointed Tennyson Securities as joint broker, which could potentially expand its financial network.
The successful completion of the drilling operations could potentially enhance Falcon Oil & Gas's operational performance and reputation in the industry. The appointment of Tennyson Securities as joint broker could potentially expand the company's financial network, which could have a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100