Falcon Oil & Gas ( (TSE:FO) ) has shared an update.
Falcon Oil & Gas Ltd. has provided an operational update on their stimulation campaign in the Beetaloo Sub-basin, Australia. The company successfully completed stimulation operations on the SS-2H ST1 well and is preparing for initial flow tests. The SS-4H well’s operations were paused due to detected stress, with plans to continue in Q2 2025. Falcon has also received a tax offset, boosting its cash reserves, reflecting confidence in their ongoing projects, which may enhance their market position in unconventional gas exploration.
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, with a primary focus on projects in Australia. The company is incorporated in British Columbia, Canada, and headquartered in Dublin, Ireland, with Falcon Oil & Gas Australia Limited being its major subsidiary.
YTD Price Performance: 74.16%
Average Trading Volume: 277,475
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £71.7M
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