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".
Current stock price: 6.70 pence, up 0.8% on Monday
12-month change: down 12%
By Emma Curzon, Alliance News reporter
Comments and questions to [email protected]
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Related Shares:
Falcon Oil