Latest News

Falcon Oil & Gas highlights debt free status and continued focus on cost management as losses narrow


Falcon Oil & Gas Ltd (LON:FOG) has highlighted its debt free status and a continued focus on cost management and the efficient operation of its portfolio in its interim financials as it narrowed its quarterly losses.

In results for the three months to September 30, 2020, the company reported a loss of US$146,000 compared to a US$764,000 loss a year ago, while revenues were steady at US$1,000.

READ: Falcon Oil & Gas still has lots of potential at Beetaloo say brokers

The company also reported a cash balance at the end of the period of US$11.5mln, while net finance income swung to a US$279,000 gain from a US$360,000 loss a year ago.

Shares in Falcon rose 2.8% to 7.3p in early deals on Friday.

Bitcoin’s value falls by over 10% after hitting all-time high

Previous article

Serinus Energy slumps after deeply-discounted share issue

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News