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

Core Points - Falcon Oil & Gas Ltd. has filed its interim financial statements for the three months ended 31 March 2025, along with the Management's Discussion and Analysis [2][3] Financial Highlights - For Q1 2025, Falcon reported no revenue from oil and natural gas [7] - Exploration and evaluation expenses decreased to $40,000 from$44,000 year-over-year [7] - General and administrative expenses decreased to $491,000 from$528,000 year-over-year [7] - Foreign exchange gain was $77,000 compared to$120,000 in Q1 2024 [7] - The net loss for the period was $497,000, an improvement from a loss of$806,000 in Q1 2024 [7][11] - The company had cash of $6.9 million at 31 March 2025, slightly up from$6.8 million at 31 December 2024 [8] Financial Position - Total assets as of 31 March 2025 were $62.561 million, compared to$62.241 million at 31 December 2024 [10] - Non-current assets increased to $55.526 million from$52.387 million [10] - Total equity decreased to $44.168 million from$44.665 million [10] Cash Flow - Net cash used in operating activities was $622,000, compared to$611,000 in Q1 2024 [11] - Net cash generated from investing activities was $605,000, a significant improvement from a cash outflow of$2.861 million in Q1 2024 [11] - Cash and cash equivalents at the end of the period were $6.896 million, up from$4.289 million at the end of Q1 2024 [11]