Falcon Oil has cash of $11.5-million at June 30

Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

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solyomtwo

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Falcon Oil has cash of $11.5-million at June 30

posted on Aug 29, 2024 05:30PM

2024-08-29 10:27 ET - News Release

Mr. Philip O'Quigley reports

FILING OF INTERIM FINANCIAL STATEMENTS

Falcon Oil & Gas Ltd. has filed its interim financial statements for the three and six months ended June 30, 2024, and the accompanying management's discussion and analysis. All dollar amounts are expressed in United States dollars, unless otherwise indicated.

This release should be read in conjunction with the complete, unaudited, unreviewed interim financial statements and the accompanying MD&A for the three and six months ended June 30, 2024, which are available on SEDAR+ and on Falcon's website.

Financial highlights and other financial updates:

Debt-free with cash of $11.5-million at June 30, 2024 (Dec. 31 2023 -- $8-million);
Continued focus on cost management and the efficient operation of the portfolio.

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