EXPLORATION

Falcon upbeat despite ban risk

IRISH-based Falcon Oil & Gas is plunging ahead with work in the Beetaloo Basin in the hope that the next Northern Territory government will not ban fraccing, a threat which has prompted Total, American Energy Partners and Pangea Resources to curtail investment until there is certainty on the ground.

Falcon, which is in joint venture with Origin Energy and Sasol, has completed the evaluation program and petrophysical analysis of the three wells drilled in 2015, and says the prospects for a large unconventional...

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