Bryan Sheffield Backs Australia’s Falcon Oil & Gas with $10 Million Investment

Through a $10 million private placement in Falcon Oil & Gas, Bryan Sheffield gains exposure to the company’s 1 million net acres in what he says “may become one of the biggest shale plays in the world.”

Hart Energy Staff

Bryan Sheffield recently boosted his strategic stake in Falcon Oil & Gas Ltd. through a private placement from his holding company that Sheffield said provides exposure to potentially one of the world’s largest shale plays.

Falcon and its joint venture partner, a subsidiary of Origin Energy Ltd., have the largest acreage position—about 4.6 million acres—centered over the Beetaloo Sub-basin, which, according to Sheffield, is “emerging as a world class shale gas basin with stacked pay potential from several shale intervals.”

“I am delighted to have this opportunity to acquire a significant interest in Falcon and gain exposure to their net 1 million acres in what may become one of the biggest shale plays in the world,” Sheffield commented in the release by Falcon Oil & Gas on March 31.

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