Falcon Oil & Gas Ltd - Filing of Interim Financial Statements

Core Viewpoint - Falcon Oil & Gas Ltd. has filed its Interim Financial Statements for the three and six months ended 30 June 2025, highlighting financial performance and operational updates [2][3]. Financial Highlights - For the three months ended 30 June 2025, Falcon reported other income of $63,000 compared to $0 in the same period of 2024 [7]. - Exploration and evaluation expenses were $45,000 for Q2 2025, slightly up from $42,000 in Q2 2024, while general and administrative expenses decreased to $512,000 from $550,000 [7]. - The company experienced a foreign exchange gain of $96,000 in Q2 2025, compared to a loss of $78,000 in Q2 2024 [7]. - The net loss for the period was $375,000 for Q2 2025, down from $749,000 in Q2 2024 [9]. - Total assets as of 30 June 2025 were $62.692 million, a slight increase from $62.241 million at the end of 2024 [10][12]. Cash Flow and Position - Cash and cash equivalents decreased to $4.824 million as of 30 June 2025, down from $6.823 million at the end of 2024 [8][14]. - The company reported net cash used in operating activities of $1.189 million for the six months ended 30 June 2025, compared to $1.136 million for the same period in 2024 [13]. - Cash flows from investing activities showed a net cash outflow of $1.035 million for H1 2025, contrasting with a net inflow of $263,000 in H1 2024 [13]. Company Overview - Falcon Oil & Gas Ltd. is engaged in the exploration and development of unconventional oil and gas assets, with operations focused in Australia, South Africa, and Hungary [15].