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Falcon Oil & Gas ( (TSE:FO) ) just unveiled an announcement.
Falcon Oil & Gas Ltd. has announced that its joint venture partner, Tamboran (B2) Pty Limited, has secured approval from the Northern Territory Government for the Beneficial Use of Gas agreement. This approval allows the sale of appraisal gas from the Shenandoah South Pilot Project, marking the first approval under the new legislation. The agreement enables the sale of up to 60 TJ per day over three years and supports the construction of the Sturt Plateau Compression Facility, with gas sales expected to commence in mid-2026. This development is significant for energy security in the Northern Territory and positions Falcon and its partners as key players in the region’s energy landscape.
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. The company is incorporated in British Columbia, Canada, and headquartered in Dublin, Ireland. Falcon Oil & Gas Australia Limited is a significant subsidiary, holding a substantial interest in joint ventures within the Beetaloo Basin.
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