Proactive Investors - Run By Investors For Investors

Falcon Oil & Gas highlights strong position in first quarter results

Falcon saw a major breakthrough last month, as Australian authorities green-lighted its shale project in the Northern Territory.
oil and gas operations
It had US$8.5mln of cash

Falcon Oil & Gas Ltd (LON:FOG, CVE:FO) highlighted its strong position as it filed interim financial statement for the three months ended March 31.

The company boasted a cash position of US$8.5mln and noted that it is debt free.

READ: Falcon Oil & Gas ready to reward patient investors

It also highlighted that the company continued to focus on cost management and efficient operation of the portfolio.

The pre-revenue oiler reported a US$655,000 loss for the quarter, compared to US$2.95mln in the same period last year.

View full FOG profile View Profile

Falcon Oil & Gas Ltd Timeline

Related Articles

Argentina
October 24 2018
Echo recently completed a four-well workover campaign at Fraccion D, while earlier in the year four exploration wells were drilled back-to-back.
1548047910_757z468_1543882077_Carnarvon-noble-tom-prosser.jpg
January 21 2019
The company aims to expand its portfolio of hydrocarbon resources as it prepares oil and gas projects for production and continues its regional exploration work.
oil and gas operations
July 03 2018
Analyst Ashley Kelty highlighted what could be characterised as favourable environment and opportunity for Rose Petroleum

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use