Falcon Oil & Gas Ltd (UK) (GB:FOG) has released an update.
Falcon Oil & Gas Ltd. has announced impressive initial production rates from its Shenandoah South 1H well, with an average IP90 flow rate of 2.9 million cubic feet per day, suggesting potential for high-yield future development. The well’s performance aligns with top-producing regions in the US, and the company is now fully funded for upcoming drilling and testing projects. These developments mark a significant step in Falcon’s plans to expand in the Beetaloo Basin, aiming for substantial long-term natural gas production.
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