Falcon is uniquely placed in the current challenging commodity price environment with its strong cash position (US$11.5m at 31 March 2020), fully funded drilling programme and high quality assets. Following the farm down of a 7.5% participating interest to partner Origin Energy in return for an A$150.5m increase in the gross cap carry, we believe Falcon is fully funded through one of the greatest periods of uncertainty the oil and gas industry has ever faced. At a time when many in the industry ....
29 May 2020
Cenkos: Falcon Oil & Gas Ltd -- A Unique Proposition
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Cenkos: Falcon Oil & Gas Ltd -- A Unique Proposition
Falcon Oil & Gas Ltd. (FOG:LON) | 6.6 0 (-1.5%) | Mkt Cap: 68.9m
- Published:
29 May 2020 -
Author:
James McCormack -
Pages:
6
Falcon is uniquely placed in the current challenging commodity price environment with its strong cash position (US$11.5m at 31 March 2020), fully funded drilling programme and high quality assets. Following the farm down of a 7.5% participating interest to partner Origin Energy in return for an A$150.5m increase in the gross cap carry, we believe Falcon is fully funded through one of the greatest periods of uncertainty the oil and gas industry has ever faced. At a time when many in the industry ....