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GlobeNewswire·

Falcon Oil & Gas Ltd. - Filing of Interim Financial Statements

  • Falcon Oil & Gas Ltd. filed interim financial statements for the three months ended 31 March 2026 & 2025 along with accompanying MD&A.
  • Falcon announced the definitive agreement with Tamboran Resources Corporation is progressing & expected to close in Q2 2026.
  • The company continues to focus on strict cost management & efficient portfolio operations.
  • Revenue for Q1 2026 was $0, while exploration & evaluation expenses were $45,000 & general & administrative expenses were $981,000.
  • Net loss for Q1 2026 was $1,251,000, compared to $497,000 in the same period of 2025.
  • Loss per share for Q1 2026 was $0.001, compared to $0.000 in Q1 2025.
  • Cash & cash equivalents decreased to $197,000 at 31 March 2026 from $1,282,000 at 31 December 2025.
  • Exploration & evaluation assets increased to $59,066,000 at 31 March 2026 from $56,797,000 at 31 December 2025.
  • Total assets stood at $62,261,000 as of 31 March 2026, with total equity at $40,818,000.
  • Net cash used in operating activities was $1,119,000 for the three months ended 31 March 2026.
  • Falcon is an international oil & gas company with assets in Australia, South Africa, & Hungary, incorporated in British Columbia & headquartered in Dublin.