EXPLORATION

Falcon in strong position for NT resumption

FALCON Oil and Gas has hailed it debt free position and cash stocks of US$8.45 million as it looks to start drilling within 12 months’ time at its Beetaloo Basin prospect in the Northern Territory.

Berkay Erkan
The Beetaloo area

The Beetaloo area

London-listed Falcon posted a loss of $655,000 for the first quarter, down substantially from a $2.9 million loss for the same period last year.   The company had total assets of $50.1m at 31 March...

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