Falcon raises cash for Beetaloo exploration

FALCON Oil & Gas has raised £7 million (A$13 million) through a share placement of 50.5 million shares at £0.14 (26c) per share on the London Stock Exchange, which it will use to fund its share of further drilling and appraisal work in the Beetaloo Sub-basin in the Northern Territory.

Falcon raises cash for Beetaloo exploration Falcon raises cash for Beetaloo exploration Falcon raises cash for Beetaloo exploration Falcon raises cash for Beetaloo exploration Falcon raises cash for Beetaloo exploration
 
The Ireland headquartered oiler has a 30% stake in the unconventional play which consists of three permits (EO76, EP98 and EP117) alongside Australia's Origin Energy which owns the remaining

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