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Falcon Oil & Gas Ltd - Australia, Hungary and South Africa-focused oil and gas explorer - Falcon Oil & Gas Australia Ltd says Tamboran Resources Corp, the parent company of its joint venture partner Tamboran (B2) Pty Ltd, agrees the sale of appraisal gas from exploration permits at Tamboran’s Beetaloo sub-basin in the Northern Territory of Australia to Native Title Holders and the Northern Land Council. Under the agreement, Native Title Holders consents to the sale of appraisal gas from EP98 and EP117 of up to 60 terajoules per day from the proposed Shenandoah South Pilot Project over three years. Further, the partners will supply the Northern Territory Government with 40 million cubic feet per day via the Sturt Plateau Compression Facility until mid-2041. This is expected to begin mid-2026. The agreement is subject to approval by the Northern Territory Minister for Mining and Energy. The joint venture partners will now focus on securing necessary approvals to support longer-term production. Falcon Chief Executive Officer Philip O’Quigley comments: ‘This is a significant development for our operator Tamboran B2, being the first operator in the Beetaloo Basin to secure Native Title Holder approval to sell gas under the legislated appraisal framework. We would like to join Tamboran Resources Corporation in thanking the Native Title Holders and the Northern Land Council for their support in reaching a positive outcome with this significant agreement and for their vision and support.’ Current share price: 7.26 pence, closed up 0.1% on Thursday 12-month change: up 38% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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