{"id":123759,"title":"Falcon Oil & Gas Ltd ( AIM:FOG TSX-V:FO ) Jumps Over 40% on Stellar Australian Drill Results","publisher":"Share Talk","author":"sharetalk","published":"2025-06-16T09:50:33+00:00","modified":"2025-06-16T09:50:33+00:00","canonical_url":"https://www.share-talk.com/falcon-oil-gas-ltd-aimfog-tsx-vfo-jumps-over-40-on-stellar-australian-drill-results/","markdown_url":"https://www.share-talk.com/falcon-oil-gas-ltd-aimfog-tsx-vfo-jumps-over-40-on-stellar-australian-drill-results.md","json_url":"https://www.share-talk.com/falcon-oil-gas-ltd-aimfog-tsx-vfo-jumps-over-40-on-stellar-australian-drill-results.json","category":"Energy","categories":["Energy"],"tags":["Anne Flynn","Australia","Beetaloo Sub-Basin","British Columbia","canada","Falcon Oil & Gas","Falcon Oil & Gas Ltd","FOG","frack stages","Liberty Energy","Mr. Viktor Vekselberg","natural gas","Northern Territory","Origin Energy","Philip O’Quigley","Share Talk","South Africa","Toronto"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/06/Rro-mkLq-750x406-1.webp?fit=750%2C406&quality=80&ssl=1","format":"news","language":"en-GB","content":"**Falcon Oil & Gas Shares Surge on Record Beetaloo Well Results**\n\nShares in **Falcon Oil & Gas Ltd (AIM: FOG, TSX-V: FO)** surged as much as 40% in early trading on Monday morning after the company [reported record-breaking gas production](https://www.londonstockexchange.com/news-article/FOG/falcon-oil-gas-ltd-another-stellar-ip30-flow-test-result-in-the-beetaloo/17086658) from its SS-2H ST1 well in Australia’s Beetaloo Sub-basin.\n\nThe well delivered a 30-day initial production (IP30) rate of 7.2 million cubic feet per day (MMcf/d)—the highest ever recorded in the Beetaloo. The result, achieved over a 1,671-metre lateral, places it among the top-performing wells globally, rivalling benchmarks in the Marcellus shale.\n\nThe performance significantly enhances Falcon’s development credentials as it progresses a five-well programme tied to a 40 MMcf/d gas sales agreement.\n\nCalling the result “truly stellar,” CEO Philip O’Quigley said\n\n“The IP30 flow rate results announced today of 7.2 MMcf/d, are truly stellar and marks another major data point in the Beetaloo Sub-basin again demonstrating that it compares to the best shale wells in the United States. Not only did the results exceed Falcon’s pre-drill commercial threshold of a normalised flow rate of 3 MMcf/d per 1,000 metres but had similar flow rates and pressures to SS-1H and SS-2H ST1, which all point towards the significant resource potential of the Beetaloo.\n\nFalcon looks forward to the planned completion and testing of SS-4H by the end of 2025 and also to observing the results from the next three wells of the Shenandoah South drilling program and the additional milestones they will establish."}