Falcon Oil & Gas Completes Key Stimulation in Beetaloo Sub-basin

An update from Falcon Oil & Gas ( (TSE:FO) ) is now available.

Falcon Oil & Gas Ltd. announced the completion of the Shenandoah SS-2H ST1 stimulation in the Beetaloo Sub-basin, Australia. The project, executed in collaboration with joint venture partner Tamboran (B2) Pty Limited, involved successfully completing 35 stages across a 1,671-metre horizontal section using Liberty Energy’s modern equipment. The completion of the stimulation marks a significant step towards initial flow back and extended production testing, potentially enhancing Falcon’s operational capabilities and market position in unconventional gas production.

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. It is incorporated in British Columbia, Canada, and headquartered in Dublin, Ireland, with a significant portfolio in the Beetaloo Sub-basin.

YTD Price Performance: 41.57%

Average Trading Volume: 264,050

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £74.61M

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