07:07 AM EST, 02/07/2025 (MT Newswires) -- Falcon Oil & Gas ( FOLGF ) on Friday said it has completed the Shenandoah S2-2H ST1 stimulation in the Beetaloo Sub-basin in the Northern Territory, Australia, with joint venture partner Tamboran (B2) Pty.

The companies successfully completed 35 stages across the 1,671-meter horizontal section of the Amungee Member B-shale with the Liberty Energy modern stimulation equipment.

Stimulation activities achieved five stages over a 24-hour period on multiple days. Wellhead injection rates were above 100 barrels per minute.

The SS-2H ST1 well will be completed ahead of clean out activities and the commencement of initial flow back and extended production testing.

"We are extremely encouraged about the potential of the current stimulation program based on strong gas shows and other data observed whilst drilling," said Falcon CEO Philip O'Quigley.

Falcon's share price at last look gained 13% to 7.25 pence in UK trading on Friday.