Falcon Oil & Gas Company News

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Falcon Updates on Drilling Ops at Amungee NW-1H Well in Beetaloo Basin
Falcon Oil and Gas (O&G) updates on hydraulic stimulation of the Amungee NW-1H well in Beetaloo Basin in Australia's Northern Territory.
8:00 PM EST | September 29, 2016
Falcon O&G Provides Update on Drilling Ops in Beetaloo Basin in Australia
Falcon Oil & Gas provides update on drilling operations in the Beetaloo Basin in Australia's Northern Territory.
8:00 PM EST | July 25, 2016
Falcon Outlines Drilling Plans for its Australia's Beetaloo Basin Assets
Falcon Oil & Gas outlines plans for drilling at its Beetaloo Basin assets in Australia's Northern Territory.
8:00 PM EST | April 28, 2016
Falcon Prepares for Australia's Beetaloo Basin Drilling & Testing Program
Falcon Oil & Gas prepares for the 2016 Beetaloo drilling and testing program for in Australia.
7:00 PM EST | March 09, 2016
Falcon Reports Excellent Gas Shows at Amungee NW-1H Well in Beetaloo Basin
Falcon Oil & Gas says excellent gas shows were encountered during drilling of the Amungee NW-1H well in permit EP98 in the Beetaloo Basin in Australia's Northern Territory.
7:00 PM EST | November 18, 2015
Origin Spuds Amungee NW-1 Well in EP98 in Australia's Beetaloo Basin
Origin Energy spuds the Amungee NW-1 well in exploration permit EP98 in the Beetaloo Basin, Northern Territory, Australia.
8:00 PM EST | September 08, 2015
Falcon Oil & Gas Spuds Kalala S-1 Well in Australia
Falcon Oil & Gas spuds the Kalala S-1 well, located within exploration permit 98 in Australia's Beetaloo Basin.
8:00 PM EST | July 14, 2015
Three-Well Drilling Campaign Begins in Beetaloo Basin, Northern Australia
Falcon Oil & Gas announces that operations have commenced on a three-well drilling campaign in the Beetaloo Basin in Australia's Northern Territory.
8:00 PM EST | May 28, 2015
Falcon O&G and Partners Prepare for Drilling Program in NT's Beetaloo Basin
Falcon Oil & Gas and partners prepare for a drilling program in the Beetaloo Basin permits in Australia's Northern Territory in mid-2015.
8:00 PM EST | April 29, 2015
Falcon 'Disappointed' with NIS over Mako Trough License
Falcon Oil & Gas says it is disappointed with partner NIS over its failure to drill a third well on the Hungarian Mako Trough license within the timeframe agreed.
7:00 PM EST | January 25, 2015
Falcon Oil & Gas Provides 1H 2014 Interim Results
Falcon Oil & Gas provides the company's interim results for the first half of 2014, including an update on its operations in Australia's Beetaloo permits.
8:00 PM EST | August 28, 2014
Falcon's Hungary Well Encounters Gas Shows
Falcon Oil & Gas reports that a well drilled by its partner NIS in Hungary encounters gas shows after reaching its target depth.
8:00 PM EST | July 14, 2014
Falcon Partner Spuds Second Well in Hungary
Falcon Oil & Gas reports that Naftna Industrija Srbije has spud the second well of a three-well exploration campaign onshore Hungary.
8:00 PM EST | May 15, 2014
Origin, Sasol Ink Deal to Farm-in to 3 Permits in NT's Beetaloo Basin
Origin Energy and Sasol ink deal to farm-in to three exploration permits in Beetaloo Basin in Australia's Northern Territory with Falcon Oil & Gas Australia.
8:00 PM EST | May 04, 2014
Falcon's Hungarian Well Begins Testing Operations
Falcon Oil & Gas reports that well testing operations on its Kutvolgy-1 well in Hungary have begun.
7:00 PM EST | March 02, 2014
Falcon Oil & Gas Update on Australia, Hungary, South Africa Assets
Falcon Oil & Gas provides an operational updates on its assets in Australia, Hungary and South Africa.
8:00 PM EST | September 04, 2013
Falcon Gets Nod for Sweetpea's Stake in Australian Unit
Falcon Oil & Gas gets approval to acquire Sweetpea Petroleum Pty Ltd.'s 22.4% interest in Falcon Oil & Gas Australia Limited.
8:00 PM EST | July 14, 2013
Hess Forfeits Rights to Beetaloo Permits in Australia
Hess forfeits rights to three permits in Australia's Beetaloo Basin after failing to commit to drilling five wells by the agreed deadline.
8:00 PM EST | July 01, 2013
Falcon, Chevron Join Forces in Karoo Exploration
Falcon has entered into an Agreement with Chevron to jointly co- operate together in order to seek unconventional exploration opportunities in the Karoo Basin, South Africa.
7:00 PM EST | December 11, 2012
Falcon Finalizes Beetaloo Basin Transaction with Hess
Falcon announced that the Beetaloo Basin Evaluation and Participation Agreement between Falcon and Hess is now in effect and the seismic survey phase of the project will begin once the necessary regulatory permits are finalized.
8:00 PM EST | July 12, 2011
Ancient Rock Presents New Opportunity for Falcon
The basin is dominantly oil-prone, with about 4X the resource volume potential of oil relative to natural gas.
8:00 PM EST | September 13, 2010
Falcon Subsidiary Closes Private Placement
Falcon O&G announced that the company's 75% owned subsidiary, Falcon Oil & Gas Australia, has closed on an initial US $4.896 million portion (the "First Tranche") of its previously disclosed private placement.
8:00 PM EST | June 02, 2010
ExxonMobil, MOL Exit Hungarian Development
ExxonMobil and MOL will exit from the Production and Development Agreement for the Mako Trough development project in Hungary.
7:00 PM EST | February 18, 2010
Eni Unlocks Black Gold in Deep Angolan Waters
Operator Eni has made two new oil discoveries in Block 15/06, in deep Angolan waters.
7:00 PM EST | February 17, 2010
Falcon Elects Four Independent Directors to Board
Falcon has noted the election of four independent directors to the Falcon board, nominated by shareholders present or represented by proxy at the Company's annual and special meeting of shareholders held on December 22, 2009.
7:00 PM EST | December 22, 2009
Falcon's Board of Directors Waves Goodbye to Janos Csak
Falcon Oil & Gas announced that Janos Csak has resigned from the Board of Directors, effective December 7, 2009.
7:00 PM EST | December 08, 2009
Falcon Enters Agreement to Secure Financing for Australian Acquisition
Falcon Canada and PetroHunter have entered into two agreements which provide for Falcon Australia's acquisition of PetroHunter's remaining 25% interest in the four Beetaloo Basin Exploration Permits.
7:00 PM EST | December 06, 2009
Falcon Updates on Foldeak-1 Operations in Hungary
Falcon Oil & Gas reported that the third fracture of the Foldeak-1 well has been completed in the Hungarian Mako Trough, and the well has been temporarily plugged and abandoned.
7:00 PM EST | November 01, 2009
Falcon Secures Permit to Evaluate South African Properties
Falcon Oil & Gas has secured a Technical Cooperation Permit to evaluate the Karoo Basin in central South Africa.
8:00 PM EST | October 26, 2009
ExxonMobil, Partners to Fracture Stimulate Hungarian Well
ExxonMobil, MOL and Falcon Oil & Gas have agreed to fracture stimulate another section in the Foldeak-1 well, located in the Hungarian Mako Trough area.
8:00 PM EST | October 12, 2009
ExxonMobil to Discontinue Testing of Foldeak-1 in Hungary
ExxonMobil has notified Falcon Oil & Gas, it partner in the joint production and development project in Hungary's Mako Trough, that it will cease operations at the Foldeak-1 well site.
8:00 PM EST | October 07, 2009
ExxonMobil Commences Testing Operations in Mako Trough
ExxonMobil has commenced fracture stimulation and testing operations at its joint production and development project located in the Mako Trough in Hungary.
8:00 PM EST | September 17, 2009
Falcon Seeks Partner In Australia's Beetaloo Basin
Falcon Oil & Gas on Wednesday announced that it has entered into agreements with Merrill Lynch and Moyes & Co. regarding its 2009 strategic initiative in Australia.
8:00 PM EST | August 26, 2009
Falcon on Hunt for Partner in Australia's Beetaloo Basin
Falcon Oil & Gas has entered into agreements with Merrill Lynch and Moyes to provide a range of advisory services as Falcon begins its search for a strategic partner for its Australian Beetaloo Basin acreage.
8:00 PM EST | August 25, 2009
Ryder Scott Evaluates Falcon's Prospective Resources in Beetaloo Basin
Falcon Oil & Gas has announced the results of the recently completed Ryder Scott Report on the Company's Beetaloo Basin Project in the Northern Territory of Australia.
8:00 PM EST | August 17, 2009
Falcon O&G Announces Terms of Offering
Falcon Oil & Gas has entered into a definitive agency agreement with Salman Partners Inc. to sell, on a commercially reasonable efforts basis, up to $55,000,000 of units, at an offering price of $1,000 per Unit.
8:00 PM EST | June 11, 2009
PetroHunter Sells Falcon O&G 25% Stake in Beetaloo Basin Project
PetroHunter will sell and assign to Falcon an undivided 25% working interest in PetroHunter's four exploration permits covering seven million acres in the Beetaloo Basin of the Northern Territory, Australia.
8:00 PM EST | May 26, 2009
Falcon O&G Reports Foldeak-1 Well Reaches Total Depth
Falcon Oil & Gas announced that the Foldeak-1 well in Hungary has reached total depth.
8:00 PM EST | May 03, 2009
Falcon to Acquire Additional Interest in Beetaloo Basin Onshore Australia
Falcon Oil & Gas has entered into a non-binding letter of intent with PetroHunter to acquire and additional undivided 25% working interest in four exploration permits in the Beetaloo Basin of Australia.
8:00 PM EST | April 27, 2009
Falcon Nixes Option to Acquire Stake in Buckskin Mesa Project
Falcon Oil & Gas elected not to exercise its option to acquire a 50% working interest in PetroHunter's 20,000 acre Buckskin Mesa project, located in the Piceance Basin.
7:00 PM EST | February 23, 2009
ExxonMobil Spuds New Hungarian Well at Mako Trough
ExxonMobil began drilling the Foldeak-1 well on Jan. 14 with the purpose of testing the hydrocarbon potential of the Szolnok formation.
7:00 PM EST | January 14, 2009
Falcon Oil & Gas Amends Terms of PetroHunter Transactions
Falcon Oil & Gas has entered into an amendment with PetroHunter Energy that amends the terms of the US $5 million temporary bridge loan to PetroHunter by extending the maturity date from January 30, 2009 to April 30, 2009.
7:00 PM EST | December 10, 2008
Falcon O&G Amends PDA with Exxon, MOL to Combine Mako Trough Interests
Falcon Oil & Gas has entered into an amendment to its April 10, 2008 Production and Development Agreement with Exxon Mobil and MOL.
7:00 PM EST | December 07, 2008
Eni, Sonangol Strike Oil at Ngoma-1 Offshore Angola
Eni and Sonangol made a new oil discovery in the deep waters of Block 15/06 offshore Angola. The discovery well Ngoma-1 encountered an oil column of 127 meters.
8:00 PM EST | October 13, 2008
Falcon Names New Board Directors
Falcon Oil & Gas announced that Joachim Conrad and Janos Csak have been elected to Falcon's Board of Directors at Falcon's annual and special meeting of shareholders held on October 6, 2008.
8:00 PM EST | October 08, 2008
Falcon, PetroHunter Seal Deal on Beetaloo Basin Property in Australia
Falcon closed the transaction to acquire its previously announced 50% working interest in PetroHunter Energy's 7 million acre prospect in Northern Territory, Australia.
8:00 PM EST | October 01, 2008
Falcon Receives Updated Assessment from RPS Scotia for Mako Trough
The RPS Scotia Report measures the Mako Trough in trillions of cubic feet (Tcf) and millions of barrel oil (mmbo): With a probability greater than 90%, 25.8 Tcf and 42.6 Mmbo.
8:00 PM EST | May 04, 2008
ExxonMobil To Assess Potential Of Falcon Lease In Hungary
The agreement covers a Contract Area of approximately 184,300 acres representing 75 percent of the license.
8:00 PM EST | April 10, 2008
Falcon Appoints Wallis as COO and Edwards as Sr VP, Special Projects
Falcon Oil & Gas has appointed Rod Wallis as its new Chief Operating Officer. Dr. James Edwards has elected to assume the new position of Senior Vice President, Special Projects.
7:00 PM EST | January 14, 2008
Falcon Oil & Gas Ltd. Completes $40 Million Equity Financing
Falcon Oil & Gas has completed its previously announced public offering of 100 million common shares in the capital of the company at $0.40 per Common Share for aggregate gross proceeds of $40 million.
7:00 PM EST | December 16, 2007