06:46 AM EDT, 09/29/2025 (MT Newswires) -- Falcon Oil & Gas ( FOLGF ) (FO.V, AIM: FOG) jumped 8.7% to a fresh 52-week high in late-morning U.K. trading after updating current drilling and planned stimulation in Australia's Beetaloo Sub-basin.

The company said its Falcon Oil & Gas Australia unit's joint-venture partner, Tamboran (B2) Pty., continues the drilling campaign.

Philip O'Quigley, CEO of Falcon, said: "It's great to report our operating partner, Tamboran Resources, is executing the 2025 drilling campaign to plan, with the drilling of two wells completed to target depth and the third well advancing towards completion. We look forward to providing further updates over what will be an extremely busy next few months."