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Falcon Oil & Gas ( (TSE:FO) ) just unveiled an announcement.
Falcon Oil & Gas Ltd. has announced the initiation of a stimulation campaign at its Shenandoah wells in the Beetaloo Sub-Basin, Northern Territory, Australia. This operation is part of a joint venture with Tamboran (B2) Pty Limited, with Liberty Energy conducting the stimulation. Falcon has opted to reduce its participating interest in the next phase of the Shenandoah South Pilot Project, which will significantly lower its 2025 capital expenditure. Despite this reduction, Falcon retains a substantial interest in the Beetaloo, positioning itself strategically to benefit from future developments and potential successes from the enlarged First Strategic Development Area.
More about Falcon Oil & Gas
Falcon Oil & Gas Ltd. is an international company focused on the exploration and development of unconventional oil and gas assets, with a primary focus on Australia. The company is incorporated in British Columbia, Canada, and headquartered in Dublin, Ireland. Through its subsidiary, Falcon Oil & Gas Australia Limited, it holds interests in the Beetaloo Sub-Basin, collaborating with joint venture partners to advance its projects.
YTD Price Performance: 75.28%
Average Trading Volume: 235,558
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £81.55M
For detailed information about FO stock, go to TipRanks’ Stock Analysis page.
