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An announcement from Falcon Oil & Gas ( (TSE:FO) ) is now available.
Falcon Oil & Gas reported a strong 20-day initial production rate of 10.3 million cubic feet per day from the Shenandoah SS2-1H well in the Amungee Member B-Shale in Australia’s Beetaloo Sub-basin. Normalized to a 10,000-foot lateral, performance compares favourably with thousands of Marcellus Shale wells, underscoring the Beetaloo’s emerging status as a competitive dry gas play.
The well is exhibiting a steady, low-decline rate and has been deliberately flow‑restricted to curb emissions and preserve reservoir energy ahead of connection to the Sturt Plateau Compression Facility and the planned start of gas sales in the third quarter of 2026. A three‑well stimulation program at Shenandoah South is scheduled for this year, with Falcon having no cost exposure on the 2025 wells after reducing its participating interest, which limits capital risk while retaining upside from future production.
More about Falcon Oil & Gas
Falcon Oil & Gas Ltd. is an international exploration and development company focused on unconventional oil and gas assets, with its current portfolio concentrated in Australia. Incorporated in British Columbia and headquartered in Dublin, it holds a roughly 98% stake in Falcon Oil & Gas Australia, which participates in the Beetaloo Sub-basin joint venture alongside Tamboran.
For detailed information about FO stock, go to TipRanks’ Stock Analysis page.