Falcon Oil & Gas Ltd (LSE:FOG) has announced a landmark achievement at its Shenandoah S2-2H ST1 well, located in Australia’s Beetaloo Sub-basin, Northern Territory. The well recorded the highest initial 30-day (IP30) flow rate ever seen in the region, underscoring the commercial potential of the Amungee Member B-Shale gas formation.
This strong production performance positions Falcon to capitalize on the premium pricing typically available in the Australian East Coast gas market. The company is advancing plans for further development, including drilling additional wells, and aims to fulfill a gas sales agreement of 40 million cubic feet per day (MMcf/d) with the Northern Territory Government by mid-2026, solidifying its competitive standing in the market.
About Falcon Oil & Gas
Falcon Oil & Gas Ltd is an international exploration and development company focused on unconventional oil and gas projects, predominantly in Australia. Incorporated in British Columbia, Canada, with headquarters in Dublin, Ireland, the company operates through its key subsidiary, Falcon Oil & Gas Australia Limited.
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