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IN BRIEF: Falcon Oil & Gas narrows first quarter loss

Fri, 20th May 2022 06:26

Falcon Oil & Gas Ltd - Dublin-based oil and gas company focused on Australia, South Africa and Hungary - Narrows comprehensive loss to USD750,000 in the first quarter of 2022 from a loss of USD1.3 million the previous year. Produces no revenue, down from USD2,000 the year prior. First quarter expenses fall to USD693,000 from USD1.2 million. Assets dip marginally to USD50.9 million from USD51.4 million.

Current stock price: 10.01 pence

12-month change: up 59%

By Heather Rydings; heatherrydings@alliancenews.com

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