07:23 AM EDT, 05/20/2025 (MT Newswires) -- Falcon Oil & Gas ( FOLGF ) traded 3.6% lower at last look Tuesday in U.K. trading even as it reported a narrower first-quarter net loss.

The company booked a net loss of US$497,000, or $0.00 per share, compared to a year-ago loss of US$806,000, or US$0.001 per share.

Oil and natural gas revenue was nil while results from operating activities rose to US$454,000 from US$452,000.

Falcon said it is focused on strict cost management and that it remained debt-free in the quarter with cash of US$6.9 million as of March 31, compared to US$6.8 million at the end of last year.