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Falcon Oil & Gas Ltd. – Full Year Results

Written by Customer Service on . Posted in Public Companies.

FALCON OIL & GAS LTD.
(“Falcon”)Full Year Results29 April 2020 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce its financial results for the year ended 31 December 2019.The following should be read in conjunction with the complete audited Financial Statements and the accompanying Management’s Discussion and Analysis (‘’MD&A’’) for the three and twelve months ended 31 December 2019. 2019 Financial HighlightsStrong financial position, debt free with cash of US$13.1 million at 31 December 2019 (31 December 2018: US$7 million).Continued focus on strict cost management and efficient operation of the portfolio.General & administrative expenses decreased 7% year on year to US$1.78 million.             
             
Filing of Financial Statements, MD&A, AIF and Reserves DataFalcon has filed its audited financial statements for the year ended 31 December 2019, the accompanying MD&A for year ended 31 December 2019 dated 28 April 2020, its Annual Information Form (“AIF”) dated 28 April 2020 and the Statement of Reserves Data and Other Oil and Gas Information (National Instrument 51-101, Forms 51-101F1, 51-101F2 and 51-101F3) with the relevant provincial securities regulators. These filings are available for review on the Canadian System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com. The audited financial statements, MD&A and AIF are also available on Falcon’s website www.falconoilandgas.com.
             
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