Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Falcon Oil & Gas boss says fracking ‘green light’ is brilliant news for Australia

Falcon Oil & Gas Ltd (LON:FOG, CVE:FO) chief executive Philip O’Quigley says it is a big day for the company, but, also for the Northern Territory and Australia.

The lifting of a moratorium on hydraulic fracturing has cleared Falcon and its operating partner Origin Energy - Falcon owns 30% of the shale project while Origin has the other 70%.

It means a five well campaign can now be advanced “as soon as practical”.

“It is brilliant news,” O’Quigley said in a Proactive Investors interview.

He added: “It is a huge resource to go after, and the lifting of the moratorium means we can get back to work.”

 
Meet Anglo Asian Mining PLC, Jersey Oil and Gas PLC, Europa Oil & Gas (Holdings) Plc, ANGLE plc and Eurasia Mining plc at our event, Dublin , 22 November 2018. Register here »
View full FOG profile View Profile

Falcon Oil & Gas Ltd Timeline

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use