08:25 AM EST, 11/28/2024 (MT Newswires) -- Falcon Oil & Gas ( FOLGF ) (FO.V, AIM: FOG) earlier on Thursday reported a smaller third-quarter loss as it focused on cost management and improving operational efficiency.

It reported loss and comprehensive loss for the third quarter of US$243,000, down from a loss of $1.05 million a year earlier.

Loss per share attributable to equity holders basic and diluted was US$0.000 cents, compared to a loss of $0.001 cents a year earlier.

Among 2024 financial highlights and other financial updates, the company said it was debt free with cash of US$10 million at September 2024, up from December 2023 at $8 million.

Falcon was unchanged at $0.08 in Canada yesterday, leaving it at the low end of its 52 week trading range.