Falcon Oil & Gas Ltd (UK) (GB:FOG) has released an update.
Falcon Oil & Gas Ltd. has entered a pivotal Gas Sales Agreement with the Northern Territory Government to supply over 14 petajoules of gas annually for nine years from the Shenandoah South Pilot Project, with potential extension options. This deal is contingent on various agreements and approvals, aiming for a final investment decision by mid-2024 and commencement of gas flow in the first half of 2026. The agreement marks a significant step for the Beetaloo Joint Venture, setting a course for revenue generation that will fund future development and potential East Coast and LNG market supplies.
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