LONDON (Alliance News) - Falcon Oil & Gas Ltd Monday said it is unaware of any reason for its recent share price fall on the Canadian TSX Venture Exchange.
The company's shares fell by 19% on TSX on Friday to CAD0.145, and its shares on London's AIM are off 7.7% to 8.65 pence Monday morning, putting it in the top-10 AIM ALL-Share fallers.
The exploration and development oil and gas company said, before the open of the London Stock Exchange on Monday, that it was unaware of any reason for the TSX fall, but noted that it continues to be in discussions in order to secure a sale of interest in its Beetaloo Basin site in Australia, with a large oil and gas company.
In November and December, the company made a set of deals in order to reduce its overriding royalty on its Australian assets, which it said would help it to further progress farm-out discussions for the Beetaloo site.
By Tom McIvor; tommcivor@alliancenews.com; @TomMcIvor1
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Falcon Oil (FOG)