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Production / Operations

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

By The Northwire Desk — AI Analysis Nov 27, 2025 · 02:00 FO · 0.19 Falcon Oil & Gas Ltd
FO · Price

Executive Summary

  • Falcon Oil & Gas Ltd. filed its unaudited interim financial statements and MD&A for the three‑ and nine‑month periods ended 30 September 2025.
  • Cash balance declined to $2.0 M from $6.8 M year‑end 2024, reflecting ongoing cost management and investment activities.
  • The definitive agreement with Tamboran Resources Corp. remains on track for closing in Q1 2026.

Key Details

  • Financial Highlights (Three months ended 30 Sep 2025 vs. 2024):
  • Revenue: $0 (no oil & gas production reported).
  • Other income: $0 vs. $63 k in 2024.
  • Exploration & evaluation expenses: $(51) k vs. $(44) k prior year.
  • General & administrative expenses: $(666) k vs. $(523) k prior year.

  • Net loss from operations: $(683) k (vs. $(476) k).

  • Financial Highlights (Nine months ended 30 Sep 2025 vs. 2024):

  • Other income: $63 k (new item versus $0 in 2024).
  • Exploration & evaluation expenses: $(136) k vs. $(130) k.
  • General & administrative expenses: $(1,669) k vs. $(1,601) k.

  • Net loss from operations: $(1,535) k (vs. $(1,598) k).

  • Profitability:

  • Loss and comprehensive loss for nine months: $(1,687) k (down from $(1,798) k).

  • Basic & diluted loss per share: $(0.002) cent (unchanged).

  • Balance Sheet (30 Sep 2025 vs. 31 Dec 2024):

  • Cash & cash equivalents: $1,973 k vs. $6,823 k.
  • Exploration & evaluation assets: $56,178 k vs. $50,291 k.
  • Total assets: $61,034 k (down from $62,241 k).

  • Decommissioning provision (non‑current liability): $17,151 k (up from $16,587 k).

  • Cash Flow (Nine months ended 30 Sep 2025 vs. 2024):

  • Net cash used in operating activities: $(1,698) k (vs. $(1,637) k).
  • Investing outflows dominated by exploration & evaluation asset purchases $(6,070) k and decommissioning deposits ($2,300 k + $333 k).

  • Financing cash flow net of private placement proceeds: –$38 k (2024 had +$4,570 k from a private placement).

  • Definitive Agreement with Tamboran Resources Corp.:

  • Transaction remains on schedule; expected closing in Q1 2026. No further terms disclosed.

  • Management Contact:

  • Philip O'Quigley – CEO (phone: +353 87 814 7042)
  • Anne Flynn – CFO (phone: +353 1 676 9162)

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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