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, 2023, and the accompanying management 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 March 31, 2023, which are available on SEDAR and on Falcon's website.
Q1 2023
financial
highlights:
-
Strong financial position, debt-free with cash of $16.3-million (U.S.) at March 31, 2023 (Dec. 31, 2022: $16.8-million (U.S.));
- Continued focus on strict cost management and efficient operation of the portfolio.
About Falcon Oil & Gas Ltd.
Falcon Oil & Gas is an international oil and 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 is incorporated in British Columbia, Canada, and headquartered in Dublin, Ireland, with a technical team based in Budapest, Hungary.
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