06:57 AM EDT, 08/14/2025 (MT Newswires) -- Falcon Oil & Gas ( FOLGF ) on Thursday said an agreement has been reached between Tambouran Resources and Native Title Holders and the Northern Land Council for the sale of appraisal gas from exploration permits in the Beetaloo sub-basin.

Tambouran Resources is the parent company of Falcon Oil & Gas Australia Limited's joint venture partner Tambouran (B2) Pty Limited.

The agreement provides consent from Native Title Holders to the Beetaloo joint venture partners to sell appraisal gas of up to 60 terajoules per day from the proposed Shenandoah South pilot project over a three-year period.

The Beetaloo joint venture partners will now focus on securing necessary approvals to support longer-term production.

The joint venture partners have contracted an initial 40 million cubic feet per day to supply the Northern Territory government until mid-2041. The gas sales via the Sturt Plateau compression facility is expected to begin in mid-2026.

The agreement is subject to approval by the Northern Territory Minister for Mining and Energy.

"This is a significant development for our operator Tamboran B2, being the first operator in the Beetaloo Basin to secure Native Title Holder approval to sell gas under the legislated appraisal framework," said Falcon CEO Philip O'Quigley.