Falcon Oil & Gas Ltd.: Filing of Interim Financial Statements
(firmenpresse) - DUBLIN, IRELAND -- (Marketwired) -- 11/28/16 -- Falcon Oil & Gas Ltd. (AIM: FOG)(ESM: FAC)(TSX VENTURE: FO) announces that it has filed its Interim Financial Statements for the three and nine months ended 30 September 2016 and the accompanying Management''s Discussion and Analysis ("MD&A").
The following should be read in conjunction with the complete unaudited unreviewed Interim Financial Statements and the accompanying MD&A for the three and nine months ended 30 September 2016, which are available on the Canadian System for Electronic Document Analysis and Retrieval ("SEDAR") at and on Falcon''s website at .
2016 Operational Highlights
Australia
South Africa
2016 Financial Highlights
Holdings in Company
Falcon has been informed Renova Asset Holding Ltd., a subsidiary of Renova Holding Ltd. ("Renova Holding") acquired beneficial ownership of 6,273,500 common shares ("Shares") of Falcon at US$0.0904, representing approximately 0.68% of Falcon''s issued and outstanding Shares.
Following the acquisition, Renova Holding has a beneficial ownership over an aggregate of 157,083,634 Shares, representing approximately 17.05% of Falcon''s issued and outstanding Shares.
Cash and cash on deposit
Cash and cash equivalents includes cash on hand, deposits held on call with banks, other short term highly liquid investments with initial maturities of three months or less at inception and bank overdrafts where a legal right of offset exists. Cash on deposit represents cash on deposit with a maturity in excess of three months.
This announcement has been reviewed by Dr. Gabor Bada, Falcon Oil & Gas Ltd''s Head of Technical Operations. Dr. Bada obtained his geology degree at the Eotvos L. University in Budapest, Hungary and his PhD at the Vrije Aniversiteit Amsterdam, the Netherlands. He is a member of AAPG and EAGE.
All dollar amounts in this document are in United States dollars "$", except as otherwise indicated.
About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd is an international oil & gas company engaged in the acquisition, exploration and development of conventional and unconventional oil and gas assets, with the current portfolio focused in Australia, South Africa and Hungary. Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland with a technical team based in Budapest, Hungary.
For further information on Falcon Oil & Gas Ltd. please visit
About Origin Energy
Origin Energy (ASX: ORG) is the leading Australian integrated energy company with market leading positions in energy retailing (approximately 4.3 million customers), power generation (approximately 6,000 MW of capacity owned and contracted) and natural gas production (1,093 PJ of 2P reserves and annual production of 82 PJe). To match its leadership in the supply of green energy, Origin also aspires to be the number one renewables company in Australia.
Through Australia Pacific LNG, its incorporated joint venture with ConocoPhillips and Sinopec, Origin is developing Australia''s biggest CSG to LNG project based on the country''s largest 2P CSG reserves base.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Such information may include, but is not limited to comments made with respect to the type, number, schedule, stimulating, testing and objectives of the wells to be drilled in the Beetaloo basin Australia, expected contributions of the partners, the prospectivity of the Middle Velkerri & Kyalla shale plays, the prospect of the exploration programme being brought to commerciality and the awarding of an exploration license in South Africa. Actual results might differ materially from results suggested in any forward-looking statements. Falcon assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Falcon. Additional information identifying risks and uncertainties is contained in Falcon''s filings with the Canadian securities regulators, which filings are available at .
Contacts:
Falcon Oil & Gas Ltd.
Philip O''Quigley, CEO
+353 1 676 8702
+353 87 814 7042
Falcon Oil & Gas Ltd.
Anne Flynn, CFO
+353 1 676 9162
Davy (NOMAD & Broker)
John Frain / Anthony Farrell
+353 1 679 6363
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Datum: 28.11.2016 - 01:00 Uhr
Sprache: Deutsch
News-ID 1472224
Anzahl Zeichen: 3118
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DUBLIN, IRELAND
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Oil & Gas
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