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

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Post by Ebenizer3on Jun 19, 2023 4:42pm

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Post# 35504029

Unfortunately article is behind paywall...

https://www.energynewsbulletin.net/m-a/news/1454614/sheffield-takes-big-stake-in-beetaloo-player. Sheffield takes big stake in Beetaloo player

SHEFFIELD Holdings has acquired a 9.24% stake in Beetaloo Basin explorer Falcon Oil & Gas.

Sheffield takes big stake in Beetaloo player

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The acquisition comes shortly after the Northern Territory government advised it had implemented all the recommendations from an independent inquiry into fraccing, paving the way for industry to begin.

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