Falcon Oil's June 30 cash at $15.65-million (U.S.)

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's June 30 cash at $15.65-million (U.S.)

posted on Aug 25, 2023 08:53PM

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2023-08-25 09:44 ET - News Release

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 and six months ended June 30, 2023, and 2022, 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 and six months ended June 30, 2023, which are available on SEDAR+ and on Falcon's website.

Two thousand twenty-three financial highlights and other financial updates:

Strong financial position, debt free with cash of $15.7-million (U.S.) at June 30, 2023 (Dec. 31, 2022: $16.8-million (U.S.)).
Continued focus on cost management and the efficient operation of the portfolio.

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