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Falcon Oil & Gas Ltd - oil and gas explorer focused on Australia, South Africa and Hungary - Recommences operations at Kyalla 117 N2-1H ST2 well in the Northern Territory, Australia, with the fracture stimulation and extended production testing to follow. Initial production test results expected in fourth quarter of 2020, with final results expected by the end of first quarter 2021. Results will inform the decision to either further evaluate the liquids-rich gas play or commence activities in the Velkerri liquids-rich gas play.
Current stock price: 7.53 pence
Year-to-date change: down 37%
By Tapan Panchal; tapanpanchal@alliancenews.com
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