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Falcon Oil & Gas ( (TSE:FO) ) has issued an announcement.
Falcon Oil & Gas Ltd has announced a historic agreement with Native Title Holders and the Northern Land Council, allowing the sale of appraisal gas from the Beetaloo sub-basin in Australia. This agreement, involving Falcon’s joint venture partners, marks the first Native Title Holder approval for gas sales under the Beneficial Use of Gas legislation. The agreement is expected to provide energy security for the Northern Territory and deliver economic and social benefits to the local community. The Beetaloo JV partners are now focused on securing necessary approvals for long-term production, with gas sales to the Northern Territory Government anticipated to commence in mid-2026.
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, a subsidiary of Falcon Oil & Gas Ltd, holds a significant interest in the Beetaloo sub-basin through joint ventures.
See more data about FO stock on TipRanks’ Stock Analysis page.