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Falcon Oil & Gas Ltd - oil and gas company focused on Australia, South Africa and Hungary - Says rig successfully mobilised to the Shenandoah South 1H well pad in the Beetaloo sub-basin 600 kilometres south of Darwin, Australia. Expects drilling of SS1H well to start in early August and take approximately 45 days; this will be the first of its two-well programme this year. Falcon says SS1H will target the Amungee Member-B shell at a 3.2 kilometres target depth, and that ‘The deeper reservoir is expected to deliver higher pressures’. Current stock price: 6.70 pence, up 0.8% on Monday 12-month change: down 12% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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