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EXPLORATION

Falcon soaring after frac inquiry results

RBC CAPITAL Markets is targeting a GBP 25 pence price for Falcon Oil & Gas with a current price of 21.8p after the London-listed company and Origin Energy’s Beetaloo Basin joint venture partner posted its 2017  financial year results, with a year-end cash balance in line with RBC’s forecasts. 

Helen Clark
Beetaloo Basin highly prospective: RBC

Beetaloo Basin highly prospective: RBC

The company posted a net loss of US$4 million, used cash of $2 million and had cash on hand of $9 million.    "Falcon is carried by joint venture partner Origin Energy for the next $90 million of gross...

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