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The latest update is out from Falcon Oil & Gas ( (TSE:FO) ).
Falcon Oil & Gas Ltd. announced the successful drilling, casing, and cementing of the Shenandoah S2-4H horizontal well in the Beetaloo Sub-basin, Northern Territory, Australia, as part of its joint venture with Tamboran (B2) Pty Limited. The well exhibited strong gas shows and high-quality shale and rock properties, with stimulation and flow test results expected in early 2025, indicating significant progress in the Beetaloo Sub-basin development.
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 primary focus on Australia. The company is incorporated in British Columbia, Canada, and headquartered in Dublin, Ireland.
YTD Price Performance: -57.69%
Average Trading Volume: 137,478
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £46.06M
For detailed information about FO stock, go to TipRanks’ Stock Analysis page.
