Falcon Oil & Gas Ltd V.FO

Alternate Symbol(s): FOLGF

Energy Oil & Gas E&P

Falcon Oil & Gas Ltd. is an international oil and gas company. The Company is engaged in the exploration and development of unconventional oil and gas assets, with the portfolio focused in Australia, South Africa and Hungary. Its principal interest is located in two underexplored basins in Australia and South Africa, with further interest in Hungary, covering over 12.3 million gross acres. Its Beetaloo Sub-basin project is located in the Northern Territory, over 600 kilometers south of Darwin. The Company holds a Technical Cooperation Permit, covering an area of over 30,327 square kilometers in the southwest Karoo Basin, South Africa. The Karoo Basin contains thick, organic rich shales, such as the permain whitehill formation representing the focus of shale gas permit applications. Its Mako Production License (Mako Trough) is a sedimentary basin located in south-eastern Hungary in the mature Pannonian basin. Mako Trough includes two plays: Mako Shallow Play and Mako Deep Play.

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Falcon Oil & Gas Ltd > Up we go!!!

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Post by margaritamanon Sep 03, 2021 7:55am

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Post# 33808275

Up we go!!!

Falcon Oil & Gas Up 94% in UK Morning Trade On Update For Amungee NW-1H Well

55 minutes ago by MT Newswires

06:58 AM EDT, 09/03/2021 (MT Newswires) -- Falcon Oil & Gas Ltd. (FO.V) was at last look up 94% in UK morning trade after overnight providing results of the production log test at the Amungee NW-1H well. The results suggest a normalized gas flow rate equivalent of between 5.2-5.8 MMscf/d per 1,000m of horizontal section.

Amungee is located in the Beetaloo Sub-basin, Northern Territory, Australia and the testing conducted is part of the 2021 work program which is operated by Falcon's joint venture partner, Origin Energy B2 Pty Ltd., a wholly owned subsidiary of Origin Energy.

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