Business
Falcon Oil & Gas Ltd. - Beetaloo Operational Update – Stimulation Campaign & Remaining Shenandoah South Pilot Project
Falcon Oil & Gas Ltd. Beetaloo Operational Update – Stimulation Campaign & Remaining Shenandoah South Pilot Project 14 May 2025 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) notes the press releases from Tamboran Resources Corporation (NYSE: TBN, ASX: TBN) (“Tamboran”) issued on 13 May 2025. Tamboran’s announcements confirmed: the commencement of flow testing at the Shenandoah S2-2H ST1 (“SS-2H ST1”) well in the Beetaloo Sub-basin, Northern Territory, Australia;agreements entered to complete a US
About this update from Falcon Oil & Gas Ltd.
[{"type":"image","alt":"Falcon Oil & Gas Ltd.","displaySize":"","headline":null,"caption":"Falcon Oil & Gas Ltd.","className":"","disableSlideshowImg":false,"size":{"original":{"width":175,"height":137,"url":"https://media.zenfs.com/en/globenewswire.com/2d165a3162ede6e8b135729f25ffbfd1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/XdyHu32KXvGhh4GGTZQkgQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTE2NDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/2d165a3162ede6e8b135729f25ffbfd1","width":175,"height":137}},"lazy":false},{"type":"text","content":"Falcon Oil & Gas Ltd.","length":25,"tagName":"p"},{"type":"text","content":"Beetaloo Operational Update – Stimulation Campaign & Remaining Shenandoah South Pilot Project","length":97,"tagName":"p"},{"type":"text","content":"14 May 2025 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) notes the press releases from Tamboran Resources Corporation (NYSE: TBN, ASX: TBN) (“Tamboran”) issued on 13 May 2025.","length":179,"tagName":"p"},{"type":"text","content":"Tamboran’s announcements confirmed:","length":35,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"the commencement of flow testing at the Shenandoah S2-2H ST1 (“SS-2H ST1”) well in the Beetaloo Sub-basin, Northern Territory, Australia;","length":137,"tagName":"p"}]},{"val":[{"type":"text","content":"agreements entered to complete a US$55.4 million private placement and a US$15 million asset sale (at US$150/acre) to provide Tamboran with necessary funding to drill three wells commencing in mid-2025 and stimulate four wells (including the Shenandoah S2-4H well drilled late last year) in a single campaign planned for late 2025 / 1H 2026 subject to JV approval; and","length":368,"tagName":"p"}]},{"val":[{"type":"text","content":"the finalisation of the checkerboard of the joint acreage position across exploration permits 76, 98 and 117 between Tamboran and Daly Waters Energy, LP (“DWE”).","length":161,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":666,"olType":false},{"type":"text","content":"Key points to note:","length":19,"tagName":"p"},{"type":"text","content":"SS-2H ST1","length":9,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Flow testing of SS-2H ST1 has commenced after a longer soaking period following analysis of wells across the Beetaloo Sub-basin, allowing water to imbibe...