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Pin to quick picksFalcon Oil Share News (FOG)

Share Price Information for Falcon Oil (FOG)

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Share Price: 6.55
Bid: 6.50
Ask: 6.60
Change: 0.00 (0.00%)
Spread: 0.10 (1.538%)
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Prev. Close: 6.55
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Falcon Oil & Gas Rises After Positive Fracking Assessment In Australia

Tue, 27th Mar 2018 12:11

LONDON (Alliance News) - Shares in Falcon Oil & Gas Ltd were up on Tuesday after the publication of a government report in Australia saying the risks of fracking can be appropriately managed.

Falcon shares were trading at 20.00 pence each on Tuesday in London, up 11%.

The inquiry, conducted by the Northern Territory state government, said a number of measures can mitigate the risks involved in fracking, including: using appropriate land; using new technology when it becomes available; a comprehensive approval and monitoring system; and an independent regulator, amongst others.

The report concluded: "Of course, nothing is guaranteed. And with any new industry, it is not uncommon for problems to emerge.

"However, it is the panel's opinion that, provided that all of the recommendations made in this report are adopted and implemented in their entirety, not only should the risks associated with an onshore shale gas industry be minimised to an acceptable level, in some instances, they can be avoided altogether."

Falcon Chief Executive Philip O'Quigley said: "We are very pleased with the conclusions reached by the scientific inquiry as set out in the final report and encouraged by the final position of the panel regarding strategic regional environmental and baseline assessment, which requires some elements to be implemented immediately while others can proceed in parallel with the relatively small activity footprints associated with exploration.

"We look forward to the government's decision on the moratorium, which we hope will be announced soon."

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30 Jan 2020 12:14

Falcon begins sidetrack to drill new hole in Beetaloo

(Sharecast News) - Falcon Oil & Gas announced the start of the sidetrack to drill the new horizontal production hole section of the Kyalla 117 N2-1H ST2 well in the Beetaloo Sub-Basin, Australia on Thursday.

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20 Nov 2019 13:01

Falcon Oil & Gas upbeat after vertical drilling at Beetaloo

(Sharecast News) - Falcon Oil & Gas announced on Wednesday that drilling of the vertical section of the Kyalla 117 N2-1 appraisal well in the Beetaloo Sub-Basin of Australia has been completed to a vertical total depth of 1,895 metres.

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20 Nov 2019 12:01

Falcon Oil & Gas Shares Climb Following Positive Results In Australia

Falcon Oil & Gas Shares Climb Following Positive Results In Australia

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9 Oct 2019 11:11

Falcon upbeat on spudding of well at Kyalla Formation

(Sharecast News) - Falcon Oil & Gas announced the spudding of the Kyalla 117 N2-1 appraisal well in the Beetaloo Sub-Basin, Australia on Wednesday, which was the first well in the stage 2 drilling programme to target the Kyalla shale liquids-rich gas play.

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22 Aug 2019 15:25

Falcon Oil & Gas upbeat on approval at Kyalla

(Sharecast News) - Falcon Oil & Gas announced on Thursday that the environmental management plan for the Kyalla 117 N2 horizontal appraisal well, for the planned 2019 drilling, stimulation, and well testing prepared by Origin Energy B2 on behalf of the joint venture, has been approved by the Northern Territory Department of Environment and Natural Resources in Australia.

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15 Feb 2017 07:39

Falcon Oil Gets Encouraging Results From Beetaloo Basin In Australia

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22 Dec 2016 14:23

Falcon Oil & Gas completes extended-production text

(ShareCast News) - Falcon Oil & Gas has confirmed the completion of an extended-production test (EPT) on Amungee NW-1H by Origin Resources, which it said was a significant milestone. The test outcome was initial production over the first 30 days at an average of 1.11 MMscf/d. There was 63 MMscf was

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12 Oct 2016 11:08

Falcon and Origin discover petroleum at Amungee

(ShareCast News) - Falcon Oil & Gas announced on Wednesday that its joint venture partner Origin Energy Resources has submitted a notification of discovery and an initial report on discovery to the Department of Primary Industry and Resources of the Northern Territory, Australia, on the Amungee NW-1

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5 Oct 2016 09:02

Falcon Oil & Gas appoints new CFO

(ShareCast News) - Falcon Oil & Gas, an AIM listed international oil and gas company, has appointed a new chief financial officer (CFO). Anne Flynn, who has worked as the firm's financial controller since 2014, is replacing the Michael Gallagher who is to step down as CFO from 4 October 2016 to "pur

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1 Sep 2015 11:04

Falcon Oil: "Very Encouraging" Preliminary Results From Beetaloo Basin

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15 Jul 2015 09:27

Falcon Oil & Gas spuds Australian Kalala S-1 well

(ShareCast News) - Falcon Oil & Gas has began drilling at its Australian Kalala S-1 shale well. The Kalala S-1 is the first of three planned wells on the site. It is expected to take between 35 and 50 days to reach the target depth of 2,800 metres. Falcon's 30% of the drilling costs will be covered

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29 May 2015 10:21

Falcon Oil Begins Three-Well Beetaloo Basin Drilling Campaign

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26 Jan 2015 11:37

Falcon Oil's Drilling Partner In Hungary Fails To Fulfil Obligations

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19 Aug 2014 09:19

Tuesday broker round-up

Amlin: Deutsche Bank cuts target price from 472p to 461p and reiterates a hold recommendation. Anglo Pacific: FinnCap lowers target price from 184p to 180p retaining a hold recommendation. Bovis Homes Group: Deutsche Bank shifts target price from 1057p to 1063p and keeps a buy recommendation. Libe

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