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Falcon Oil (FOG) Share News

IN BRIEF: Falcon Oil hails successful drilling of Shenandoah well

18th Sep 2023 21:08

Falcon Oil & Gas Ltd - Australia, Hungary and South Africa-focused oil and gas company - Reports successful drilling of Shenandoah South 1H well, completed with Falcon Oil & Gas Australia Ltd's joint venture partner Tamboran B2 Pty Ltd. Well is drilled to total measured depth of 4,300 metres. Falcon Oil Chief Executive Officer Philip O'Quigley says: "We are delighted to have successfully completed the SS1H horizontal well section and we now look forward to the next phase of operations with the stimulation and extended production testing of the well. We will continue to update the market as results become available." Read More

Falcon Oil & Gas reports narrowed loss; meets 2014 farm-in commitments

25th Aug 2023 11:06

(Alliance News) - Falcon Oil & Gas Ltd on Thursday reported a narrowed interim loss and announced that its joint venture partner, Tamboran (B2) Pty Ltd, has given notice that the 2014 farm-in commitments have now been met. Read More

TRADING UPDATES: Fidelity Japan swings to return, Oqtec loss widens

1st Aug 2023 18:20

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

IN BRIEF: Falcon Oil reports progress on upcoming Beetaloo well drill

24th Jul 2023 10:43

Falcon Oil & Gas Ltd - oil and gas company focused on Australia, South Africa and Hungary - Says rig successfully mobilised to the Shenandoah South 1H well pad in the Beetaloo sub-basin 600 kilometres south of Darwin, Australia. Expects drilling of SS1H well to start in early August and take approximately 45 days; this will be the first of its two-well programme this year. Falcon says SS1H will target the Amungee Member-B shell at a 3.2 kilometres target depth, and that "The deeper reservoir is expected to deliver higher pressures". Read More

LONDON MARKET MIDDAY: BoE moves hawkishly and hikes by 50 basis points

22nd Jun 2023 12:19

(Alliance News) - Stock prices in London were lower at midday on Thursday, while the pound struggled for direction, after the Bank of England acted more aggressively than initially expected, as it grapples with rampant UK inflation. Read More

IN BRIEF: Falcon Oil & Gas shares plummet as A2H well underperforms

22nd Jun 2023 10:46

Falcon Oil & Gas Ltd on Thursday - Dublin-based oil and gas company focused on Australia, South Africa and Hungary - Says A2H well in the Beetaloo sub-basin in Australia has been flowing at 0.97 million cubic feet per day for over 50 days, and is currently producing at 0.83 mmcf/day. Adds third-party analysis from a US laboratory identified a potential skin inhibiting the flow of gas from the simulated shale and is thus testing potential clean-up methods. Notes flow rates are not reflective of the "true deliverability" of the A2H well. Says it remains in a "very strong financial position" with around USD16 million in cash. Read More

Falcon Oil & Gas completes drilling at Amungee NW-2H, finds methane

23rd Dec 2022 10:47

(Alliance News) - Falcon Oil & Gas Ltd on Friday said drilling operations at the Amungee NW-2H well in Australia have completed, with a high concentration of methane observed. Read More

IN BRIEF: Falcon Oil & Gas posts virtually flat third quarter loss

25th Nov 2022 12:08

Falcon Oil & Gas Ltd - Dublin-based oil and gas company focused on Australia, South Africa and Hungary - Loss in the three months to September 30 narrows slightly to USD822,000 from USD842,000 a year prior. However, the firm says it is debt free with cash of USD16.9 million as of September 30, jumping 90% from USD8.9 million at December 31, 2021. Read More

IN BRIEF: Falcon Oil & Gas interim loss widens slightly

25th Aug 2022 18:06

Falcon Oil & Gas Ltd - Dublin-based oil and gas company focused on Australia, South Africa and Hungary - Posts no revenue in six months ended June 30, down from nominal USD2,000 a year earlier. Loss widens to USD2.1 million from USD2.0 million. Read More

IN BRIEF: Falcon Oil & Gas narrows first quarter loss

20th May 2022 06:26

Falcon Oil & Gas Ltd - Dublin-based oil and gas company focused on Australia, South Africa and Hungary - Narrows comprehensive loss to USD750,000 in the first quarter of 2022 from a loss of USD1.3 million the previous year. Produces no revenue, down from USD2,000 the year prior. First quarter expenses fall to USD693,000 from USD1.2 million. Assets dip marginally to USD50.9 million from USD51.4 million. Read More

IN BRIEF: Falcon Oil & Gas changes programme at Beetaloo sub-basin

6th May 2022 17:54

Falcon Oil & Gas Ltd - Dublin-based oil and gas company focused on Australia, South Africa and Hungary - Provides an operational update on the stage three work programme at the Beetaloo sub-basin in Australia on Wednesday. Programme was progressed with joint venture partner Origin Energy B2 Pty Ltd and will include the acquisition of a 58 kilometre line if high spec 2D seismic and the drilling of one 1,000 metre horizontal well on the Amungee NW-1H pad and another on the Amungee Member B shale. Explains the primary project of the two wells is to obtain a production rate over the first 30 days between 2 to 3 million standard cubic feet per day. This is so a multi-well pilot programme can be supported. Read More

IN BRIEF: Falcon Oil & Gas receives placement from Sheffield Holdings

1st Apr 2022 06:01

Falcon Oil & Gas Ltd - oil and gas company focused on Australia and South Africa - Receives private placement from Sheffield Holdings. Falcon sells 62.5 million shares at a price of CAD0.20 each to Sheffield Holdings for a total of USD10 million. Sheffield will hold a total of 90.4 million shares in Falcon, representing 8.7% of Falcon's issued and outstanding shares. Read More

IN BRIEF: Falcon Oil & Gas clarifies sanction situation with Lamesa

25th Mar 2022 20:37

Falcon Oil & Gas Ltd - oil and gas company focused in Australia and South Africa - On Wednesday notes sanctions against Viktor Vekselberg. Explains that Vekselberg is a beneficiary of the foundation that holds 100% of the shares in Lamesa Holding SA which holds 16% of Falcon's share capital. Says Lamesa nor Vekselberg have any influence or control over the operations of Falcon and/or its subsidiaries. Adds that for as long as the US imposes sanctions on Vekselberg, Lamesa’s shares in Falcon remain quarantined. Read More

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