Falcon Oil & Gas eyes up Beetaloo as fracking given go ahead

Falcon Oil & Gas announced on Tuesday that it intends to resume exploration at the Beetaloo sub-basin as soon as is practical after the Northern Territory government lifted a moratorium on hydraulic fracturing in the area. Well testing at the Australian Beetaloo sub-basin just prior to the moratorium had indicated a "very promising" material gas resource estimated to have original gas in place at 61 TCF and 6.6 TCF gross contingent resource, over an area covering 1,968km2. Falcon Oil & Gas's 98% ...

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