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Falcon Oil & Gas ( (TSE:FO) ) has provided an update.
Falcon Oil & Gas Ltd. announced updates on its Beetaloo operations, highlighting the commencement of flow testing at the Shenandoah S2-2H ST1 well and a strategic reduction in its interest in three upcoming wells, significantly lowering its 2025 capital expenditure. The company remains well-positioned with a substantial interest across the Beetaloo acreage, benefiting from a recent valuation uplift due to Tamboran’s asset sale to Daly Waters Energy, LP, and looks forward to collaborating with DWE as an additional operator.
More about Falcon Oil & Gas
Falcon Oil & Gas Ltd. is an international company engaged in the exploration and development of unconventional oil and gas assets, with a focus on 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 the Beetaloo Sub-basin projects.
See more data about FO stock on TipRanks’ Stock Analysis page.
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