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Falcon Oil & Gas Ltd. - Native Title holder approval obtained to sell gas under Beneficial Use of Gas legislation
Falcon Oil & Gas Ltd (“Falcon”) Native Title holder approval obtained t...
About this update from Falcon Oil & Gas Ltd.
[{"type":"text","content":"Falcon Oil & Gas Ltd. - Native Title holder approval obtained to sell gas under Beneficial Use of Gas legislation\n\n\n\n\n Falcon Oil & Gas Ltd (“Falcon”)\n \n\n\n\n Native Title holder approval obtained to sell gas under Beneficial Use of Gas legislation\n \n\n\n 14 August 2025 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that an historic agreement has been reached between Falcon Oil & Gas Australia Limited’s (“\n \n Falcon Australia\n \n ”) joint venture partners’ Tamboran (B2) Pty Limited (collectively the “\n \n Beetaloo JV partners\n \n ”) parent company, Tamboran Resources Corporation, with Native Title Holders and the Northern Land Council for the sale of appraisal gas from their Exploration Permits (EP) in the Beetaloo sub-basin (“\n \n Agreement\n \n ”).\n \n\n\n Points to note:\n \n\n\n\n The Agreement provides Native Title Holders’ consent to the Beetaloo JV partners to the sale of appraisal gas from EP98 and EP117 of up to 60 TJ per day from the proposed Shenandoah South Pilot Project over a three-year period, subject to the Agreement’s terms. The Beetaloo JV partners will now focus on securing necessary approvals to support longer-term production.\n \n\n The Beetaloo JV partners have contracted an initial 40 million cubic feet per day (“\n \n MMcf/d\n \n ”) to supply the Northern Territory Government until mid-2041, which is expected to provide energy security for the Northern Territory.\n \n\n Commencement of gas sales to the Northern Territory Government via the Sturt Plateau Compression Facility is expected in mid-2026, subject to weather conditions and final stakeholder approvals.\n \n\n The Beetaloo JV partners maintain strong working relationships with the Native Title Holders across EP98 and EP117. They plan to continue delivering financial benefits, training, employment and contracting opportunities to the Native Title Holders and the local community.\n \n\n The Agreement ensures that the development of the Beetaloo sub-basin is a genuine partnership that represents significant and long-term economic and social benefits to all parties.\n \n\n The Agreement is subject to approval by the Northern Territory Minister for Mining and Energy.\n \n\n\n\n\n\n\n\n\n Philip O ...