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Falcon Oil & Gas Ltd back to drilling and 'full steam ahead' as rig contract signed

Philip O’Quigley, chief executive of Falcon Oil & Gas Ltd (LON:FOG), tells Proactive London's Andrew Scott a rig contract's been signed for the Stage 2 work programme that will advance its potentially world class shale project in Australia.

The exploration and appraisal programme will include the drilling and hydraulic fracture stimulation of two horizontal wells, with drilling slated to start in June.

It will be a particularly significant project milestone as it will see Falcon finally get back to drilling after a 2 year delay imposed by the fracking moratorium in Australia’s Northern Territory.

Quick facts: Falcon Oil & Gas Ltd

Price: 8 GBX

AIM:FOG
Market: AIM
Market Cap: £78.55 m
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