The business has shale interests in Australia at Beetaloo and in South Africa’s Karoo Basin
Canada-based and London-listed ( CVE:FO) closed its third quarter with cash of US$7.5mln and no debt.
The business has shale interests in Australia at Beetaloo and in South Africa’s Karoo Basin.
In a very short statement that accompanied the third quarter update, the junior said its focus was on strict cost management and efficient operation of the portfolio.
Operating losses in the three months to September were cut to US$501,000 from US$651,000.
Falcon is not yet generating any revenues.
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of Falcon Oil & Gas Ltd named herein, including the promotion by the Company of Falcon Oil & Gas Ltd in any Content on the Site, the Company...
FOR OUR FULL DISCLAIMER CLICK HERE