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Falcon Oil (FOG) Share News

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

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. Read More

IN BRIEF: Falcon Oil & Gas interim loss widens slightly

25th Aug 2022 18:06

Falcon Oil & Gas Ltd - Dublin-based oil and gas company focused on Australia, South Africa and Hungary - Posts no revenue in six months ended June 30, down from nominal USD2,000 a year earlier. Loss widens to USD2.1 million from USD2.0 million. Read More

IN BRIEF: Falcon Oil & Gas narrows first quarter loss

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. Read More

IN BRIEF: Falcon Oil & Gas changes programme at Beetaloo sub-basin

6th May 2022 17:54

Falcon Oil & Gas Ltd - Dublin-based oil and gas company focused on Australia, South Africa and Hungary - Provides an operational update on the stage three work programme at the Beetaloo sub-basin in Australia on Wednesday. Programme was progressed with joint venture partner Origin Energy B2 Pty Ltd and will include the acquisition of a 58 kilometre line if high spec 2D seismic and the drilling of one 1,000 metre horizontal well on the Amungee NW-1H pad and another on the Amungee Member B shale. Explains the primary project of the two wells is to obtain a production rate over the first 30 days between 2 to 3 million standard cubic feet per day. This is so a multi-well pilot programme can be supported. Read More

IN BRIEF: Falcon Oil & Gas receives placement from Sheffield Holdings

1st Apr 2022 06:01

Falcon Oil & Gas Ltd - oil and gas company focused on Australia and South Africa - Receives private placement from Sheffield Holdings. Falcon sells 62.5 million shares at a price of CAD0.20 each to Sheffield Holdings for a total of USD10 million. Sheffield will hold a total of 90.4 million shares in Falcon, representing 8.7% of Falcon's issued and outstanding shares. Read More

IN BRIEF: Falcon Oil & Gas clarifies sanction situation with Lamesa

25th Mar 2022 20:37

Falcon Oil & Gas Ltd - oil and gas company focused in Australia and South Africa - On Wednesday notes sanctions against Viktor Vekselberg. Explains that Vekselberg is a beneficiary of the foundation that holds 100% of the shares in Lamesa Holding SA which holds 16% of Falcon's share capital. Says Lamesa nor Vekselberg have any influence or control over the operations of Falcon and/or its subsidiaries. Adds that for as long as the US imposes sanctions on Vekselberg, Lamesa’s shares in Falcon remain quarantined. Read More

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