Mr. Philip O'Quigley reports
FALCON OIL & GAS LTD - FILING OF INTERIM FINANCIAL STATEMENTS
Falcon Oil & Gas Ltd. has filed its interim financial statements for the three months ended March 31, 2024, and the accompanying management's discussion and analysis (MD&A).
The following should be read in conjunction with the complete unaudited unreviewed Interim Financial Statements and the accompanying MD&A for the three months ended 31 March 2024, which are available on the Canadian System for Electronic Document Analysis and Retrieval ("SEDAR+") at www.sedarplus.ca and on Falcon's website at www.falconoilandgas.com.
Q1 2024 Financial Highlights
Debt free with cash of $4.3 million at 31 March 2024 (31 December 2023: $8.0 million).
As announced on 22 April 2024, Falcon raised $8.9 million which included gross proceeds of c. $4.9 million through the subscription and placing of new common shares and a further $4 million on the granting of overriding royalty interests.
Continued focus on strict cost management and efficient operation of the portfolio.
All dollar amounts in this document are in United States dollars "$", except as otherwise indicated.
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.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.