Falcon Oil & Gas Announces Filing of Interim Financial Statements
Source: www.gulfoilandgas.com 5/23/2024, Location: Europe
Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) announces that it has filed its Interim Financial Statements for the three months ended 31 March 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.