Falcon Oil & Gas revealed Thursday the 11 hydraulic stimulation stages along the 1000 metre horizontal section in the Middle Velkerri B shale zone in the well had been completed.

It said flow back of hydraulic fracture stimulation fluid to the surface was continuing but early stage gas flow rates had regularly exceeded 1 million cubic feet per day and consistently ranged between 400,000 and 600,000 cubic feet per day.

"Preliminary