Mr. Philip O'Quigley reports
FALCON OIL & GAS LTD - FULL YEAR RESULTS
Falcon Oil & Gas Ltd. has released its financial results for the year ended Dec. 31, 2023.
The following should be read in conjunction with the complete audited financial statements and the accompanying Management's Discussion and Analysis (''MD&A'') for the year ended 31 December 2023.
2023 Financial Highlights
Debt free with cash of $8.0 million at 31 December 2023 (31 December 2022: $16.8 million).
Continued focus on strict cost management and efficient operation of the portfolio.
Filing of Financial Statements, MD&A, AIF and Reserves Data
Falcon has filed its audited financial statements for the year ended 31 December 2023, the accompanying MD&A for year ended 31 December 2023 dated 25 April 2024, its Annual Information Form ("AIF") dated 25 April 2024 and the Statement of Reserves Data and Other Oil and Gas Information (National Instrument 51-101, Forms 51-101F1, 51-101F2 and 51-101F3) with the relevant provincial securities regulators. These filings are available for review on the Canadian System for Electronic Document Analysis and Retrieval ("SEDAR+") at www.sedarplus.ca. The audited financial statements, MD&A and AIF are also available on Falcon's website www.falconoilandgas.com.
About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia, South Africa and Hungary. Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland with a technical team based in Budapest, Hungary.
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