Published 1 month ago

Falcon Oil & Gas Ltd. - Falcon Optimises its Interest in the Beetaloo

Summary by Ground News

Falcon Optimises its Interest in the Beetaloo. Falcon has elected to reduce its working interest in the proposed Shenandoah South Pilot Project from 22.5% to 5%. Falcon will only have to pay for 5% of the costs of the two wells to be drilled in 2024 as part of the Pilot. Falcon will still retain a 10% working interest. in the enlarged area of circa 72,000 acres around the Pilot and a 22. 5% workinginterest in the remaining 4.52 million acres.

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Falcon Oil & Gas Ltd. - Falcon Optimises its Interest in the Beetaloo

Falcon Oil & Gas Ltd.("Falcon") Falcon Optimises its Interest in the Beetaloo 25 March 2024 - Falcon Oil & Gas Ltd. (TSXV:FO, AIM: FOG)) announces that it has elected to reduce its working interest in the proposed Shenandoah South Pilot Project ("Pilot) from 22.5% to 5%. This optimises Falcon's interest in the Beetaloo, since Falcon will only have to pay for 5% of the costs of the two wells to be drilled in 2024 as part of the Pilot but will sti…

1 month ago·New York, United States

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