IN BRIEF: Falcon Oil & Gas narrows losses in 2023

Writer,

Falcon Oil & Gas Ltd - Australia, Hungary and South Africa-focused oil and gas company - Reports a pretax loss of $3.3 million for 2023, narrowed from $4.0 million a year prior. Generates no revenue in the year, unchanged from 2022. Losses per share were 0.3 cents, narrowed from 0.4 cents per share. As at December 31, company has $8.0 million in cash, more than halved from $16.8 million at the end of 2022.

Current stock price: 6.54 pence per share, down 0.9%

12-month change: down 24%

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