Dublin-based oil exploration company Falcon Oil & Gas is on the cusp of a AUS$200 million (€138 million) deal to farm out its huge Australian shale oil and gas play, it is understood.
Falcon, whose market capitalisation is just below €110 million, expects to announce before the end of July that it has brought two partners into its Beetaloo Basin project, 600km south of Darwin.
As part of the deal, Falcon will be carried on...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team