Good Monday morning. Our focus this morning is on VRA 10-bagger Falcon Oil & Gas (FOLGF), which will host their online presentation later this morning to discuss the company-making results of the SS1H well in the Beetaloo Basin, Australia, which we can now begin to refer to as a “commercial” discovery. In London trading, Falcon shares are trading up 16%.

Key Bullets From Tamborans (Falcon’s partner/operator) Sunday Webinar (CEO Joel Riddle) 

The SS-1H well achieved an average normalized 30-day initial production (IP30) flow rate of 6.4 MMcf/d over 1,000 meters.
Results from the SS-1H well exceeded their pre-drill expectation, which provides the Company with confidence to progress drilling activities during 2024, subject to funding and key stakeholder approvals.
Exit rate trajectory showed a steady, low-declining curve at 2.9 MMcf/dover the 501 metres (1,644 ft) stimulated length (normalized at 5.8 MMcf/d per 3,281 feet) with a flowing wellhead pressure of 575 psi.
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