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Falcon Oil & Gas ( (TSE:FO) ) has provided an announcement.
Falcon Oil & Gas Ltd announced a record 90-day initial production flow rate from its Shenandoah South 2H Sidetrack well in the Beetaloo Sub-basin, Australia, achieving 6.7 million cubic feet per day. The well’s performance highlights the commercial potential of the area, with plans to commence gas sales to the Northern Territory Government by mid-2026. The company’s ongoing drilling campaign is progressing, with no cost exposure for Falcon Australia in the current phase, potentially enhancing its industry positioning and stakeholder value.
More about Falcon Oil & Gas
Falcon Oil & Gas Ltd is an international oil and gas company engaged in the exploration and development of unconventional oil and gas assets, with a focus on Australia. The company is incorporated in British Columbia, Canada, and headquartered in Dublin, Ireland. Falcon Oil & Gas Australia Limited is a significant subsidiary of Falcon Oil & Gas Ltd.
For detailed information about FO stock, go to TipRanks’ Stock Analysis page.