Falcon Oil & Gas Secures Native Title Holder Approval for Gas Sales Under Beneficial Use Legislation.

Falcon Oil & Gas has reached an agreement with Native Title Holders and the Northern Land Council to sell appraisal gas from Exploration Permits in the Beetaloo sub-basin. The agreement allows for the sale of up to 60 TJ per day from the Shenandoah South Pilot Project over a three-year period. The Beetaloo JV partners will supply 40 MMcf/d to the Northern Territory Government until mid-2041, providing energy security for the region. Gas sales are expected to commence in mid-2026.

Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) has reached a significant milestone in its operations within the Beetaloo sub-basin, Australia. The company has obtained approval from Native Title Holders and the Northern Land Council to sell appraisal gas from Exploration Permits (EP) 98 and EP117. This approval is a crucial step forward for the development of the Shenandoah South Pilot Project, which aims to supply up to 60 TJ of gas per day over a three-year period [1].

The agreement, which is subject to final approval by the Northern Territory Minister for Mining and Energy, allows the Beetaloo JV partners to commence gas sales to the Northern Territory Government via the Sturt Plateau Compression Facility. The initial supply is set to be 40 MMcf/d, providing energy security for the region until mid-2041 [1].

Philip O’Quigley, CEO of Falcon, commented on the development, stating, "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" [1].

The Beetaloo JV partners, consisting of Falcon Oil & Gas Australia Limited (Falcon Australia) and Tamboran (B2) Pty Limited, have maintained strong working relationships with the Native Title Holders. The agreement ensures that the development of the Beetaloo sub-basin is a genuine partnership that represents significant and long-term economic and social benefits to all parties involved [1].

The recent positive production results from the Shenandoah South 2H Sidetrack well within the Amungee Member B-Shale further illustrate the commercial potential of the Beetaloo sub-basin. The well achieved an average 90-day initial production flow rate of 6.7 MMcf/d over 1,671 meters in an IP90 flow test [2].

Falcon Oil & Gas continues to advance its 2025 drilling campaign. The company plans to complete the intermediate section of the S2-5H well, which will further enhance the understanding of the Beetaloo sub-basin's resources and potential [2].

References:
[1] https://www.globenewswire.com/news-release/2025/08/14/3133170/0/en/Falcon-Oil-Gas-Ltd-Native-Title-holder-approval-obtained-to-sell-gas-under-Beneficial-Use-of-Gas-legislation.html
[2] https://finance.yahoo.com/news/falcon-oil-gas-reports-positive-121432432.html