Stocks in play: Falcon Oil & Gas Ltd.
Announced that drilling operations, including casing and cementing, at the Amungee NW-2H well have been successfully completed. The A2H well has been drilled to a total depth (TD) of 3,883 metres, including a 1,275-metre horizontal section within the Amungee Member B Shale (formerly known as the Middle Velkerri B-shale), in the Beetaloo Sub-Basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B1) Pty Limited. The A2H well intersected the Amungee Member B Shale at 2,413 metres vertical depth. Preliminary drilling data confirms elevated gas shows with high concentration C1, (methane) observed. Falcon Oil & Gas Ltd. shares V.FO are trading up $0.01 at $0.13.
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