Falcon Oil and Gas Ltd.

Australia: Energy Sector Update: December 2013 edition

Last Updated: 24 December 2013

According to the Australian Financial Review, Japan's Inpex is seeking shale gas acreage in the Northern Territory, particularly in the Beetaloo Basin, and is considering buying into an exploration venture. Reportedly, global energy company Falcon Oil & Gas could be a potential partner for Inpex after American-based oil company Hess Corporation abandoned a partnership with Falcon in June 2013. The report also noted that independent exploration and production company Pangaea Resources also holds permits in the Beetaloo Basin, while ASX-listed Santos, ASX-listed Armour Energy and Norwegian multinational oil and gas company Statoil all hold permits in the nearby McArthur and Georgina Basins.