Falcon Oil & Gas Ltd (“Falcon”)
Beetroot drilling and planned updating stimulation
September 29, 2025-Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) I am glad to give updated information about current drilling and planned stimulation in the future in the Baetaloo Subbazin. Falcon Oil & Gas Australia LimitedSokol Australia“) Partner of the joint venture Tamboran (B2) PTY LIMITED (in the aggregate”BJV Partners”) Continues the drilling campaign.
Drilling campaign
- The first two wells of the 2025 drilling campaign are drilled and lined, each of which has a horizontal section of 3000 m (10,000 feet). Now the drilling installation will spur the third and last well to drill the production hole and the horizontal section.
- The campaign is the first multi -space drilling program, which introduces package drilling in the Beetaloo division and currently corresponds to graphics and budget.
- It is planned up to the 60s of the stages for only 3000 m of the horizontal section of one of the drilled wells of 2025 and, as expected, will pass within 30 days in the beginning of 2026 before it is closed before the start of the sale of gas, which, as expected, will begin in the middle of 2026.
- In the second quarter of 2026, after the season of moist forces, it is expected that the remaining three wells (which include the second brown campaign of 2024), as expected, will be stimulated in anticipation of gas sales.
- All wells are included in the Shenandoah South pilot project (“Pilot projectIt is expected that it is expected that in accordance with the gas sale agreement (“Gas Sales Agreement will be granted a contract volume of 40 Mktiv/day (“ ”GSA“) With the Government of the Northern Territory (“NTG”) Taking into account weather conditions and final approval of interested parties.
- As previously announced, Falcon Australia decided to reduce participation in three wells drilled in 2025 to 0%, without exposure of costs.
Other recent main points
- BJV partners agreed with the owners of local titles to avoid ignition, and received consent to the sale of gas valuation from the proposed pilot project during the three -year period. Subsequently, the Government of the Northern Territory approved the sale of gas gas in accordance with the beneficial legislation of gas (errors).
- Construction of the Plato compression plant on a plateau of $ 140 million (“SPCF”) This month began with completed excavation and slopes. Falcon has no expenses for the construction of SPCF.
- The work also began this month in the first BeeTALOO pipeline in the northern territory in the history of the pipeline, and APA Group invested $ 77-kilometer pipeline to the plateau assault.
Philip O'kkvili, CEO of Falcon, commented on:
“It is great to report our operating partner Tamboran Resources, conduct a 2025 drill campaign campaign for planning, with the drilling of two wells completed to the depth of the target, and the third is good, advancing to the end. We are looking forward to further updates about the fact that it will be extremely busy in the next few months. ”
Ends
Contact information:
| Falcon Oil & Gas Ltd. | +353 1 676 8702 |
| Philip O'kili, General Director | +353 87 814 7042 |
| Ann Flynn, Financial Director | +353 1 676 9162 |
| Cavendish Capital Markets Limited (Nomad & Broker) | |
| Neil McDonald / Adam Rey | +44 131 220 9771 |
This announcement was considered by Dr. Gabor Bad, technical adviser Falcon Oil & Ltd. Dr. Bada received the degree of geology at the University of Eövös L. in Budapest, Hungary and doctoral degree in Vrije Universiteit Amsterdam, the Netherlands. He is a member of AAAPG.
About Falcon Oil & Gas Ltd.
Falcon Oil & Gas LTD is an international oil and gas company engaged in reconnaissance and development of non -traditional oil and gas assets with the current portfolio focused on Australia. Falcon Oil & Gas LTD is included in British Colombia, Canada and headquarters in Dublin, Ireland.
Falcon Oil & Gas Australia Limited is C. 98% subsidiary Falcon Oil & Gas Ltd.
To obtain additional information about Falcon Oil & Gas Ltd. Please visit www.falconoilandgas.com
About Beetaloo JV Partners (EP 76, 98 and 117)
| Company | Interest |
| Falcon Oil & Gas Australia Limited (Falcon Australia) | 22.5% |
| Tamboran (B2) PTY LIMITED (“Tamborer B2“) | 77.5% |
| General | 100.0% |
Shenandoah South Pilot Project -2 drilling rooms -46 080 acres1
| Company | Interest |
| Falcon Oil & Gas Australia Limited (Falcon Australia) | 5.0% |
| Tamboran (B2) PTY LIMITED | 95.0% |
| General | 100.0% |
1Subject to the completion of SS–4H Wells on the southern site of Shenandoah 2.
About Tamboran (B2) PTY LIMITED
Tamboran (B1) PTY LIMITED (Tamboran B1) is a 100% holder of Tamboran (B2) PTY LIMITED, and Tamboran B1 is the joint venture of Tamboran Resources Corporation and Daly Waters Energy, LP.
Tamboran Resources Corporation is a company in natural gases indicated in NYSE (TBN) and ASX (TBN). The Tamborer is focused on playing a constructive role in the global energy transition in the direction of a lower carbon future by developing a significant low level2 The gas resource in the selection of Beetalogo using advanced drilling technologies and the development of completion, as well as the experience of leading in the successful commercialization of non -traditional shales in North America.
Brian Sheffield from Daly Waters Energy, LP, is a very successful investor and in the past received a significant profit in the unconventional energy sector of the United States. He was the founder of Parsley Energy Inc. (PE), an independent non -traditional oil and gas producer in the Perm basin, Texas and previously held the post of chairman and general director. PE has purchased more than $ 7 billion Pioneer Company Company.
Advisory statements about promising statements
A certain information in this press release may be promising information. Any statements contained in this press release that are not statements of a historical fact can be considered information about further. Forward-Looking Information Typically Contains Statements with Words Such as May, Will, Should, Expect, Intend, Plan, Anticipate, Believe, Believ “Estimate”, “Projects”, “Dependant”, “Consider” “Potential”, “Scheduled”, “Forecast”, “Anticipated”, “Outlook”, “Budget”, “Suggest”, “Suggest”, “Support” “Planned”, “Approximatly”, “Potential” or the negative of these terms or similar words that offer future results. In particular, in this press release in this press release it is included in the next and last well information to arouse the production hole and horizontal section, up to 60-speed stimulation on the full horizontal part of 3000 m from one of 2025 drilled wells, and it is expected that it proceeds within 30 days in the beginning of 2026 previously remaining in the remaining spots. Wells (which includes the second well from the campaign of the drilling campaign of 2024), as expected, will be stimulated on the eve of the start of gas sales, the start of gas sales in the government of the northern territory through the compression installation of the assault plateau in the mid -2026, depending on the weather conditions and the final permits of the interested parties; The sale of assessment gas up to 60 TJ per day in the Shenandoah South pilot project during the three -year period, all the wells included in the pilot project expect that they provide a contract volume of 40 million MCF/D, required in accordance with GSA, and NTG and the Shenandoah pilot project continue to develop.
This information is based on current expectations that are subject to significant risks and uncertainty, which are difficult to predict. Risks, assumptions and other factors that can affect the actual results include risks associated with fluctuations in market prices for shale gas; risks associated with the exploration, development and production of shale gas reserves; General economic, market and business conditions; Significant capital requirements; Uncertainty inherent in the assessment of the number of reserves and resources; the scale and cost of compliance with government laws and rules, as well as the influence of amendments in such laws and rules; the need to obtain permission of regulatory authorities before the start of development; Environmental risks and dangers and the cost of compliance with environmental norms; Aboriginal claims; integral risks and dangers with such operations as mechanics or pipes, crater and other dangerous conditions; Potential costs of costs, stormy wells are speculative, often associated with significant costs, which can be more than estimated and may not lead to any discoveries; differences in foreign exchange courses; competition for capital, equipment, new rents, throughput of the pipeline and qualified personnel; the inability of the owner of licenses, lease and permits to satisfy the requirements of this; changes in the regimes of royal power; the inability to accurately assess the costs of refusal and reclamation; inaccurate grades and assumptions from the department and/or their partners in a joint venture; internal control efficiency; potential lack of affordable drilling equipment; inability to receive or save key personnel; heading disadvantages; geopolitical risks; And the risk of trial.
Readers warn that the aforementioned list of important factors is not exhaustive, and that these factors and risks are difficult to predict. Actual results can differ significantly from the results proposed in any forecast statements. Falcon does not imply any obligations to update promising statements or update the reasons why the actual results may differ from the fact that they are reflected in statements, unless the laws on securities applicable to Falcon are not required. Additional information that determines the risks and uncertainty is contained in the Falcon applications with Canadian securities regulators that are available at www.sedarplus.com, including in accordance with the “risk factors” in annual information form.
Any links in this press release to the initial production indicators are useful to confirm the presence of hydrocarbons; Nevertheless, such indicators are not determining indicators by which such wells will continue production and decline and do not necessarily indicate long -term efficiency or final restoration. Despite encouraging, readers are warned not to rely on such rates when calculating the total production for Falcon. Such rates are based on field estimates and can be based on limited data available at present.
Neither the collection of TSX Exchange, nor its provider of regulation services (how this term is determined in the TSX Venture Exchange policy) is responsible for the adequacy or accuracy of this release.
