(Alliance News) - Falcon Oil & Gas Ltd on Thursday provided an update on its activities at its operations in the Beetaloo Sub-basin, Northern Territory, Australia, with its joint venture partner Tamboran B2 Pty Ltd. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Friday. Read More
(Alliance News) - Falcon Oil & Gas Ltd on Friday said it is "extremely encouraged" by the potential of its current stimulation programme in Australia due to "strong gas shows". Read More
Falcon Oil & Gas Ltd - Australia, Hungary and South Africa-focused oil and gas company - Announces stimulation campaign at the Shenandoah S2-2H ST1 and Shenandoah S2-4H wells in the Beetaloo Sub-Basin, Northern Territory, Australia. Falcon says for the next drilling phase of the Shenandoah south pilot project, involving the drilling and stimulation of the remaining four wells, it has chosen to lower its participating interest to none from 5%. Falcon's overall interest in the Beetaloo remains at 22.5%. Read More
(Alliance News) - Falcon Oil & Gas Ltd said on Monday it has successfully drilled, cased, and cemented the Shenandoah S2-4H horizontal well to a measured depth of 6,452 meters in the Beetaloo Sub-basin, Northern Territory, Australia. Read More
Falcon Oil & Gas Ltd - Australia, Hungary and South Africa-focused oil and gas company - Begins the spudding of its Shenandoah S2-4H horizontal well in the Beetaloo Sub-basin in the Northern Territory in Australia, with subsidiary Falcon Oil & Gas Australia Ltd's joint venture partner Tamboran B2 Pty Ltd. It expects to drill to a depth of 20,669 feet, including a horizonal section of around 10,000 feet, targeting the Amungee Member B-shale. Read More
(Alliance News) - Falcon Oil & Gas Ltd on Tuesday said it plans to change its name to Beetaloo Resources Corp, ahead of its plans to pursue a US listing. Read More
(Alliance News) - Stock prices in London opened higher in London on Tuesday morning, following retail sales data, and ahead of a PMI print from the US later in the day. Read More
(Alliance News) - Stocks in London were seen higher early on Tuesday, as investors prepare for manufacturing purchasing managers' index data from both the US and Canada following Labor Day. Read More
Falcon Oil & Gas Ltd - Australia, Hungary and South Africa-focused oil and gas company - Announces start of 2024 drilling programme with spudding of Shenandoah South 2H horizontal well in exploration permit 98 Beetaloo Sub-basin in Australia's Northern Territory. The drilling is alongside Falcon Oil & Gas Australia Ltd's joint venture partner Tamboran B2 Pty Ltd. Further, Tamboran B2 will move to the Shenandoah South 3H well after SS2H has been drilled. Falcon Oil expects inflow flow test results from both wells in the first quarter of 2025. Falcon Oil Chief Executive Officer Philip O'Quigley says: "The spudding of the SS2H horizontal well, which is the first of the planned two horizontal wells to be drilled in 2024, is an exciting next step in the development of the Beetaloo Sub-basin. Following on from the success of the Shenandoah South 1H well announced earlier this year, and using the same drilling company, H&P, together with the arrival of the Liberty frac fleet, capable of materially increasing the stimulation intensity, we are really excited about being able to demonstrate the deliverability of the Amungee Member B-shale over 3,000 metre horizonal sections." Read More
Falcon Oil & Gas Ltd - Australia, Hungary and South Africa-focused oil and gas company - Reports a pretax loss of USD3.3 million for 2023, narrowed from USD4.0 million a year prior. Generates no revenue in the year, unchanged from 2022. Losses per share were 0.3 cents, narrowed from 0.4 cents per share. As at December 31, company has USD8.0 million in cash, more than halved from USD16.8 million at the end of 2022. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued this week and not separately reported by Alliance News: Read More
(Alliance News) - Falcon Oil & Gas Ltd shares fell on Monday, as the company said it will reduce its working interest in the proposed Shenandoah South pilot project. Read More
Falcon Oil & Gas Ltd - Australia, Hungary and South Africa-focused oil and gas company - Says the SS-1H well in EP117, in the Beetaloo sub-basin in the Northern Territory, Australia achieved an average 30-day initial production flow rate of 3.2 million standard cubic feet per day. Adds that results from the well significantly exceeded pre-drill expectations. Also notes that at the end of January, cash held was USD5 million. Chief Executive Officer Philip O'Quigley says: "We can now look forward with confidence to commencing the proposed 40 MMcf/d pilot development project which will start with the drilling of the first of six 10,000 [foot] development wells in Q2 2024, subject to stakeholder approval and funding, and look forward to updating the market as those plans begin to materialise." Read More
Falcon Oil & Gas Ltd - Australia, Hungary and South Africa-focused oil and gas company - On Monday, announces the start of the 30-day initial production testing at the Shenandoah South 1H well in EP117, operated by Falcon Oil & Gas Australia Ltd's joint venture partner, Tamboran B2 Pty Ltd. Explains for normal operational reasons, the SS1H well was shut-in for a three week soak period and was successfully re-opened on January 25. The aim of soaking was to allow for sufficient stimulation fluid to be absorbed by the shale, increasing the relative permeability to gas of the formation and enhancing future production performance. The IP30 test has now commenced, and results are expected by the end of February. Read More
Falcon Oil & Gas Ltd - Australia, Hungary and South Africa-focused oil and gas company - Announces "successful completion" of 10-stage stimulation programme over a 500-metre horizontal section of the Amungee Member B-Shale within the Shenandoah South 1H well in EP117. Says programme delivered proppant intensity of 2,212 pounds per foot and rates of 100 barrels of oil per minute. EP117 is one Falcon's three exploration permits in Australia's Beetaloo sub-basin. 30-day initial production testing will commence in mid-December. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Falcon Oil & Gas Ltd - Australia, Hungary and South Africa-focused oil and gas company - Says its loss for the third quarter of 2023 was USD1.0 million, widening from USD822,0000 the year prior. In the first nine months of the year, the firm's loss narrowed to USD2.5 million, from USD2.9 million previously. Does not record any revenue for the period, unchanged from a year ago. Says it will continue to focus on cost management and improving the efficiency of its operations. Read More
Falcon Oil & Gas Ltd - Australia, Hungary and South Africa-focused oil and gas company - Announces successful completion of drilling on the Amungee NW 3H well in Exploration Permit 98 in the Beetaloo Sub-Basin, in Australia's Northern Territory. Work was completed with Falcon Oil & Gas Australia Ltd's joint venture partner Tamboran (B2) Pty Ltd. Falcon says drilling took 17.9 days at an average 214 metres per day, 20 days faster than Amungee 2H drilling. Total cost for A3H drilling and cementing was AUD12.6 million, AUD1.8 million less than work on A2H. Falcon is planning a stimulation programme for the second quarter of 2024, following the Northern Territory's wet season. Also says stimulation activities for the Shenandoah South 1H well in EP117 are on track to start in November, with IP30 flow rates expected in early 2024. Read More