Falcon
Oil
&
Gas
said
that
the
new
resource
report
had
“considered
the
potential
of
the
whole
of
the
on-block
basin”,
and
that
it
included
data
garnered
from
2011’s
Shenandoah
1
well.
The
Dublin-based,
Toronto-listed
junior
said
that
the
independent
evaluation
raised
the
prospective
gas
potential
by
153%
from
64
trillion
cubic
feet
of
prospective
recoverable
resources
to
162
trillion
cubic
feet.
The
same
study
raised
the
oil
potential
at
the
licences
from
18
billion
barrels
of
oil
to
21
billion
barrels.
The
explorer’s
four
Beetaloo
exploration
permits
cover
7
million
acres
of
the…
