Falcon Oil & Gas (TSE:FO) has released an update.
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Falcon Oil & Gas Ltd. has successfully cased and suspended the Shenandoah South 2H sidetrack well in Australia’s Beetaloo Sub-basin, paving the way for the immediate drilling of a new well from the same location. This strategic move is expected to enhance operational efficiency and reduce costs, while planned stimulation activities in early 2025 aim to boost production. The developments highlight Falcon’s continued commitment to its joint venture project, with promising potential for significant returns.
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