Falcon Oil & Gas Ltd - Australia, Hungary and South Africa-focused oil and gas company - Reports successful drilling of Shenandoah South 1H well, completed with Falcon Oil & Gas Australia Ltd's joint venture partner Tamboran B2 Pty Ltd. Well is drilled to total measured depth of 4,300 metres. Falcon Oil Chief Executive Officer Philip O'Quigley says: "We are delighted to have successfully completed the SS1H horizontal well section and we now look forward to the next phase of operations with the stimulation and extended production testing of the well. We will continue to update the market as results become available."
Current stock price: 6.62 pence, closed down 2.7% on Monday in London
12-month change: down 1.9%
By Tom Budszus, Alliance News reporter
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Falcon Oil (FOG)