Falcon Oil & Gas soar 23% on stellar Aussie drill result

  • Shares in Falcon Oil & Gas Ltd (AIM:FOG, TSX-V:FO) jumped as much as 23% on Monday after the company announced record-breaking gas well results from its Beetaloo Sub-basin project in Australia. The SS-2H ST1 well achieved a 30-day initial production rate of 7.2 million cubic feet per day, the highest ever recorded in the Beetaloo.