Falcon Oil & Gas Ltd. - Completion of Shenandoah SS-2H ST1 stimulation

Core Insights - Falcon Oil & Gas Ltd. has successfully completed the stimulation of the Shenandoah S2-2H ST1 well in the Beetaloo Sub-basin, Northern Territory, Australia, in collaboration with joint venture partner Tamboran (B2) Pty Limited [2][7] - The CEO of Falcon expressed optimism regarding the stimulation program, citing strong gas shows and efficient operations by the US operator Liberty Energy, which may enhance the outcomes of the program [2][7] - The company anticipates providing updates on the initial production (IP30) flow test results shortly [2] Company Overview - Falcon Oil & Gas Ltd. is an international oil and gas company focused on the exploration and development of unconventional oil and gas assets, primarily in Australia [5] - The company is incorporated in British Columbia, Canada, and has its headquarters in Dublin, Ireland [5] - Falcon Oil & Gas Australia Limited is a nearly 98% subsidiary of Falcon Oil & Gas Ltd. [5] Joint Venture Details - The Beetaloo Joint Venture consists of Falcon Oil & Gas Australia Limited holding a 22.5% interest and Tamboran (B2) Pty Limited holding a 77.5% interest [8] - The Shenandoah South Pilot Project encompasses 46,080 acres, with Falcon Oil & Gas Australia Limited holding a 5% interest in the project [8] Stimulation Program Highlights - The stimulation program involved completing 35 stages across a 1,671-meter (5,483-feet) horizontal section of the Amungee Member B-shale using modern stimulation equipment from Liberty Energy [7] - The program achieved five stages over a 24-hour period on multiple days, with an average proppant intensity of 2,706 pounds per foot and wellhead injection rates exceeding 100 barrels per minute [7] - The SS-2H ST1 well is set to be completed ahead of clean-out activities and the commencement of initial flow back and extended production testing [7]