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The latest update is out from Falcon Oil & Gas ( (TSE:FO) ).
Falcon Oil & Gas Ltd announced a significant achievement with the Shenandoah S2-2H ST1 well in the Beetaloo Sub-basin, Northern Territory, Australia, recording the highest IP30 flow rate in the region. The results highlight the commercial viability of the Amungee Member B-Shale gas in the Australian East Coast market, which typically commands a premium price. The company plans further development with additional wells and aims to meet a 40 MMcf/d gas sales agreement with the Northern Territory Government by mid-2026, positioning Falcon strongly in the market.
More about Falcon Oil & Gas
Falcon Oil & Gas Ltd is an international oil and gas company focused on the exploration and development of unconventional oil and gas assets, primarily in Australia. The company is incorporated in British Columbia, Canada, and headquartered in Dublin, Ireland, with a significant subsidiary, Falcon Oil & Gas Australia Limited.
Learn more about FO stock on TipRanks’ Stock Analysis page.