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Falcon Oil & Gas Q1 Loss Widens

May 23, 2024 4:42 AM

07:15 AM EDT, 05/23/2024 (MT Newswires) -- Falcon Oil & Gas ( FOLGF ) on Thursday reported a wider first-quarter loss.

The loss and comprehensive loss for the three months ending March 31 came in at $806,000, or $0.001 per share, up from a loss of $660,000, or $0.001 per share.

The company said it is debt-free with $4.3 million of cash as of March 31.

Falcon said it is continuing to focus on strict cost management and efficient operation of its portfolio.

Falcon lost 4% to $0.12 per share on Wednesday.

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