Falcon awaits make-or-break decision on Australia fracking

Falcon Oil & Gas has seen its share price rocket after the discovery of shale gas in Australia. But local authorities are blocking its recovery

19th February, 2017
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Falcon chief executive Phillip O’Quigley PictureL Fergal Phillips

Irish gas explorer Falcon Oil & Gas is sitting on a 30 per cent share of potentially one of the biggest shale gas discoveries of all time. But there’s one problem: right now, it is not allowed to take the gas out of the ground.

The Dublin headquartered explorer’s share price shot up almost 200 per cent last week to just over 15 pence on London’s AIM market after it released data estimating that...

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