Falcon Oil Secures Major Gas Supply Contract

Falcon Oil & Gas Ltd (UK) (TSE:FO) has released an update.

Falcon Oil & Gas Ltd. has secured a major contract to supply the Northern Territory Government with gas from the Shenandoah South Pilot Project, with an initial nine-year term and an option to extend. The deal is contingent on further agreements and approvals, targeting first gas flow by the first half of 2026. This agreement marks a significant milestone for the Beetaloo Joint Venture, potentially paving the way for future development and revenue generation.

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