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Who owns Falcon Oil and Gas?

Who owns Falcon Oil and Gas?

Origin Energy Limited

About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Australia Limited is a c. 98% subsidiary of Falcon Oil & Gas Ltd. Falcon Oil & Gas Australia Limited and a wholly-owned subsidiary of Origin Energy Limited (ASX: ORG) (“Origin”) are joint venture partners in respect of the Beetaloo project.

Who owns Beetaloo?

Origin owns 77.5% of the Beetaloo project and is its operator, with Falcon owning the remainder. The deal with Sheffield and Tamboran “has an economic effective date of 1 July 2022”, Origin said. However, Origin will continue to carry out work on the project until the deal is formally closed.

Where is Beetaloo?

the Northern Territory, Australia
Beetaloo is an onshore shale gas field located in the Beetaloo Basin, approximately 180km south-east of Katherine in the Northern Territory, Australia. The field is being developed by Origin Energy (70%, operator) and Falcon Oil and Gas (30%) in a joint venture (JV) under the Beetaloo Exploration project.

How much gas is in the Beetaloo Basin?

500 Trillion cubic feet
The Beetaloo Sub-basin, 500km south east of Darwin, covers 28,000 square kilometres and is estimated to contain 500 Trillion cubic feet of gas (P50 gas-in-place resource as estimated by industry).

Where is Beetaloo Basin in Australia?

The Beetaloo Sub-basin is approximately 500km south-east of Darwin in the NT. It lies between Katherine, 100 km to the north, and Tennant Creek, 250 km to the south. The Stuart Highway bisects the sub-basin from north to south (Figure 1).

What comes from fracking?

Fracking is a proven drilling technology used for extracting oil, natural gas, geothermal energy, or water from deep underground.

Where is beetaloo South Australia?

southern Flinders Ranges
Beetaloo Valley is a locality in the Mid North region of South Australia in the southern Flinders Ranges. The Beetaloo Reservoir is in the centre of the locality.

Why are people against fracking?

Hydraulic fracturing, or “fracking,” is revolutionizing oil and gas drilling across the country. However, without rigorous safety regulations, it can poison groundwater, pollute surface water, impair wild landscapes, and threaten wildlife.

Does fracking pollute water?

FACT: Fracking does NOT Contaminate Drinking Water
The report found that there is “no evidence of widespread, systemic impacts on drinking water” as a result of the fracking process.

Can you swim at Warren Reservoir?

Swimming and immersion in water, are not permitted at any of our reservoirs, because it involves prolonged contact with the water.

Is fracking worse than drilling?

Getting a fractured well going is more intense than for conventional oil and gas drilling, with potential health threats arising from increases in volatile organic compounds and air toxics.

Is fracking cleaner than drilling?

Using that model, the team concluded that unconventional drilling methods like hydraulic fracturing – or hydrofracking – do not necessarily incur more environmental problems than conventional oil and gas drilling.

Can you drink fracking water?

The report found that there is “no evidence of widespread, systemic impacts on drinking water” as a result of the fracking process. Another study corroborated the EPA’s findings.

Is fracking safer than oil drilling?

What fish are in the Warren Reservoir?

Warren is stocked with Murray Cod (catch and release), Golden Perch and Silver Perch. Bundaleer Reservoir is stocked with Golden Perch, Silver Perch, Murray Cod, Rainbow Trout and Brown Trout. Beetaloo is currently stocked with Golden Perch, Silver Perch and Murray Cod.

Is it illegal to swim in reservoirs?

In accordance with their legal duty to provide public access for recreation to the land and water, many allow fishing and boating but not wild swimming. Essentially, it is down to the discretion of the water company or landowner.

Can water from fracking be reused?

Water can be treated onsite and reused for the next frack. Some say the water that comes from underground is better suited for fracking and requires less chemical treatment because it is compatible with a well’s native geology.

Why is fracking banned in some countries?

Some cases of bans and moratoriums on fracking directly apply the precautionary principle, although others apply it without mentioning it explicitly because “these measures are based on the risk of serious and irreversible damage caused by the technique or the uncertainty about the science behind it and the scope and …

What is the biggest problem with fracking?

Air pollution and water contamination due to the toxic chemicals used in hydraulic fracturing are the greatest concerns within fracking sites, while the need for wastewater disposal and shrinking water supplies are also pressing issues directly related to the procedure.

What is a better alternative to fracking?

Considering the increasing environmental cost, wind and solar power become more economic than fracking. Wind and solar power is renewable energy, which means it is clean, affordable and theoretically inexhaustible. Compared to fracking, wind and solar power produces no emission to our environmental.

Does fracking ruin land?

How fracking damages wildlands. Hydraulic fracturing operations are already industrializing wild and rural landscapes, and putting agricultural and recreational economies at risk. Without rigorous safeguards, fracking could lead to poisoned water and blighted landscapes. Fracking also uses a lot of water.

Does fracking pollute drinking water?

Why should we not use fracking?

Fracking has been blamed for leaking millions of tons of methane, a greenhouse gas more potent than carbon dioxide. Fracking is also associated with other airborne hydrocarbons that can cause health and respiratory issues. Fracking uses large amounts of water, which can become contaminated and affect local groundwater.

Can you swim in Warren Reservoir?

What is the best bait for reservoir fishing?

Best Baits for Trolling Lakes & Reservoirs
In many reservoirs, shad are the primary food source. In other bodies of water, it could be yellow perch, bluegills, golden shiners, minnows, alewives, and smelt. Honestly, in some reservoirs, young rainbow trout are eaten like crazy by big catfish, bass, and pike.