Energia
Falcon Oil & Gas Ltd.: Final Report from the scientific inquiry into hydraulic fracturing
27 March 2018 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG, ESM: FAC) notes the publication of the Final Report (" ") by the scientific inquiry into hydraulic fracturing.
The Inquiry Chair, Justice Rachel Pepper noted the following in Community Update #31:
The summary of the Final Report provided the following conclusion:
The full Report can be found on the scientific inquiry website at the following link: https://frackinginquiry.nt.gov.au/inquiry-reports/final-report
The community update which accompanied the Report can be found at the following link:
https://frackinginquiry.nt.gov.au/news/community-update-31
Falcon awaits the Northern Territory Government's decision on the current moratorium following the publication of the Final Report.
"We are very pleased with the conclusions reached by the scientific inquiry as set out in the Final Report and encouraged by the final position of the Panel regarding SREBA, which requires some elements to be implemented immediately while others can proceed in parallel with the relatively small activity footprints associated with exploration. We look forward to the government's decision on the moratorium, which we hope will be announced soon."
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Falcon Oil & Gas Ltd is an international oil & gas company engaged in the acquisition, exploration and development of conventional and unconventional oil and gas assets, with the current portfolio focused in Australia, South Africa and Hungary. Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland with a technical team based in Budapest, Hungary.
For further information on Falcon Oil & Gas Ltd. please visit www.falconoilandgas.com
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