Falcon Oil & Gas Ltd. (V:FO)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | 68 Merrion Square South DUBLIN D02 ER20 |
| Tel: | N/A |
| Website: | https://falconoilandgas.com |
| IR: | See website |
| 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: | $119.58M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$4.28M as of Dec 31, 2023 |
| Net annual income (TTM): | -$4.54M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$12.42M 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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