Falcon Oil & Gas Shares in London Rise on Encouraging Drilling Results
20 Novembre 2019 - 10:25AM
Dow Jones News
By Adria Calatayud
London-listed shares in Falcon Oil & Gas Ltd. (FO.V) rose
Wednesday after the company said that drilling results to date from
the Kyalla 117 N2-1 appraisal well in Australia are
encouraging.
The Dublin-based company, which is listed in Canada and the
U.K., said its joint venture with Origin Energy Ltd. (ORG.AU) is
now preparing to drill a horizontal section within the Kyalla
formation. Once completed, the horizontal section will be
fracture-stimulated and tested for production, Falcon said.
Falcon shares in London at 0854 GMT were up 10% at 13.68
pence.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
November 20, 2019 04:10 ET (09:10 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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