Sasol and Origin will carry Falcon in a nine-well exploration and appraisal programme over five years, targeted to begin this year in Blocks EP-76, EP-98 and EP-117 in the Beetaloo basin, according to Falcon.

The pair will also pay a combined A$20 million ($18.7 million) cash on completion of the farm-in, added Falcon, which was previously partnered in the three permits by US independent Hess.

Hess