Falcon Oil & Gas narrows losses in 2023

2017 02 08T030825Z 1 LYNXMPED17043 RTROPTP 2 OIL ARBITRAGE

Falcon Oil & Gas Ltd – Australia, Hungary and South Africa-focused oil and gas company – Reports a pretax loss of USD3.3 million for 2023, narrowed from USD4.0 million a year prior. Generates no revenue in the year, unchanged from 2022. Losses per share were 0.3 cents, narrowed from 0.4 cents per share. As at December 31, company has USD8.0 million in cash, more than halved from USD16.8 million at the end of 2022.

Current stock price: 6.54 pence per share, down 0.9%

12-month change: down 24%

By Hugh Cameron, Alliance News reporter

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This article was originally published by a www.marketscreener.com

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