IN BRIEF: Falcon Oil & Gas posts virtually flat third quarter loss

Fri, 25th Nov 2022 12:08

Falcon Oil & Gas Ltd - Dublin-based oil and gas company focused on Australia, South Africa and Hungary - Loss in the three months to September 30 narrows slightly to USD822,000 from USD842,000 a year prior. However, the firm says it is debt free with cash of USD16.9 million as of September 30, jumping 90% from USD8.9 million at December 31, 2021.

Current stock price: 6.35 pence, up 1.6% on Friday

12-month change: down 22%

By Tom Budszus; tombudszus@alliancenews.com

Related Shares

More News

26 Apr 2024 21:34

IN BRIEF: Falcon Oil & Gas narrows losses in 2023

Falcon Oil & Gas Ltd - Australia, Hungary and South Africa-focused oil and gas company - Reports a pretax loss of USD3.3 million for 2023, narrowed fr...

28 Mar 2024 10:28

TRADING UPDATES: Develop North net asset value down amid rising rates

(Alliance News) - The following is a round-up of updates by London-listed companies, issued this week and not separately reported by Alliance News:

25 Mar 2024 11:32

Falcon Oil lowers working interest in planned Shenandoah pilot project

(Alliance News) - Falcon Oil & Gas Ltd shares fell on Monday, as the company said it will reduce its working interest in the proposed Shenandoah South...

26 Feb 2024 14:00

Falcon Oil tops pre-drill expectations at Shenandoah South well

(Sharecast News) - Falcon Oil & Gas announced significant achievements at the Shenandoah South 1H (SS-1H) well in EP117 on Monday, surpassing pre-dril...

26 Feb 2024 11:10

IN BRIEF: Falcon shares surge on Beetaloo well flow rates

Falcon Oil & Gas Ltd - Australia, Hungary and South Africa-focused oil and gas company - Says the SS-1H well in EP117, in the Beetaloo sub-basin in th...