Falcon Oil & Gas Ltd. (V:FO*CA)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
Company Contact
Address: 68 Merrion Square South, Dublin 2
DUBLIN
Tel: N/A
Website: https://falconoilandgas.com
IR: See website
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Key People
Philip O'Quigley
Chief Executive Officer, Executive Director
Anne Flynn
Chief Financial Officer, Executive Director
Bruce A. Lawrence
Corporate Secretary
Business Overview
Falcon Oil & Gas Ltd. is an international oil and gas company. The Company is engaged in the exploration and development of unconventional oil and gas assets, with the portfolio focused in Australia, South Africa and Hungary. Its principal interest is located in two underexplored basins in Australia and South Africa, with further interest in Hungary, covering over 12.3 million gross acres. Its Beetaloo Sub-basin project is located in the Northern Territory, over 600 kilometers south of Darwin. The Company holds a Technical Cooperation Permit, covering an area of over 30,327 square kilometers in the southwest Karoo Basin, South Africa. The Karoo Basin contains thick, organic rich shales, such as the permain whitehill formation representing the focus of shale gas permit applications. Its Mako Production License (Mako Trough) is a sedimentary basin located in south-eastern Hungary in the mature Pannonian basin. Mako Trough includes two plays: Mako Shallow Play and Mako Deep Play.
Financial Overview
For the fiscal year ended 31 December 2023, Falcon Oil & Gas Ltd revenues was not reported. Net loss decreased 16% to $3.3M. Lower net loss reflects Share based compensation decrease of 61% to $316K (expense), Decommissioning provision decrease of 42% to $480K (expense).
Employees: 5 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $109.16M as of Dec 31, 2023
Annual revenue (TTM): $0.00M as of Dec 31, 2023
EBITDA (TTM): -$4.30M as of Dec 31, 2023
Net annual income (TTM): -$4.57M as of Dec 31, 2023
Free cash flow (TTM): -$12.49M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 1,044,347,425 as of Apr 26, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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