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Falcon Oil & Gas ( (TSE:FO) ) has shared an update.
Falcon Oil & Gas Ltd announced an update on its Beetaloo Sub-basin drilling campaign, highlighting the completion of two wells and the initiation of a third. The campaign, which is on schedule and budget, marks the first multi-well drilling program using batch drilling in the region. The company plans a 60-stage stimulation for one well, with gas sales expected to commence in mid-2026. Additionally, the construction of the Sturt Plateau Compression Facility and the Beetaloo pipeline is underway, with Falcon having no cost exposure. These developments are pivotal for Falcon’s operations and its joint venture with Tamboran, as they aim to meet gas sales agreements with the Northern Territory Government.
More about Falcon Oil & Gas
Falcon Oil & Gas Ltd is an international 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, a subsidiary, plays a significant role in the company’s operations.
For a thorough assessment of FO stock, go to TipRanks’ Stock Analysis page.