Falcon Oil & Gas Ltd. has announced the signing of a Binding Agreement for a long-term Gas Sales Agreement to supply the Northern Territory Government with 14.6 PJ (13.8 BCF) per annum from the proposed Shenandoah South Pilot Project. The initial term of the agreement is nine years, with a Buyer's option to extend for a further six-and-a-half years. The agreement marks a significant milestone for the Beetaloo Joint venture and demonstrates the company's commitment to supplying pilot gas to the Northern Territory Government.

The agreement is a strategic move for Falcon Oil & Gas Ltd., as it secures a long-term commitment for gas supply and provides a stable revenue stream. The company's CEO expressed enthusiasm about the agreement, stating, "This is a significant milestone for Falcon and the Beetaloo Joint Venture. The agreement provides a long-term commitment for gas supply and a stable revenue stream for the project."

The press release provides further details on the agreement and can be accessed on the company's main website homepage under the Investor Centre section. This development showcases Falcon Oil & Gas Ltd.'s dedication to advancing its projects and solidifying partnerships to drive long-term growth and success.