Falcon Oil & Gas Ltd: Filing of Interim Financial Statements

Written by Customer Service on . Posted in Public Companies.

FALCON OIL & GAS LTD.
(“Falcon”)Filing of Interim Financial Statements22 November 2019 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) announces that it has filed its Interim Financial Statements for the three and nine months ended 30 September 2019 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 nine months ended 30 September 2019, which are available on the Canadian System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com and on Falcon’s website at www.falconoilandgas.com.2019 Operational HighlightsStrong financial position, debt free with cash of US$13 million at 30 September 2019 (31 December 2018: US$7 million).Continued focus on strict cost management and efficient operation of the portfolio.             
CONTACT DETAILS:Interim Condensed Consolidated Statement of Operations and Comprehensive Loss
(Unaudited)Interim Condensed Consolidated Statement of Financial Position
(Unaudited)INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited)Cash and cash on depositCash and cash equivalents includes cash on hand, deposits held on call with banks, other short term highly liquid investments with initial maturities of three months or less at inception and bank overdrafts where a legal right of offset exists. Cash on deposit represents cash on deposit with a maturity in excess of three months.
All dollar amounts in this document are in United States dollars “$”, except as otherwise indicated.About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd is an international oil & 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 Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland with a technical team based in Budapest, Hungary.For further information on Falcon Oil & Gas Ltd. please visit www.falconoilandgas.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Falcon assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Falcon. Additional information identifying risks and uncertainties is contained in Falcon’s filings with the Canadian securities regulators, which filings are available at www.sedar.com.

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