viewFalcon Oil & Gas Ltd

Falcon flies to early premium after London and Dublin debut

Falcon Oil & Gas flew to a premium at the open on its first day of trade in London and Dublin.


Falcon Oil & Gas (LON:FOG, CVE:FO) flew to a premium at the open on its first day of trade in London and Dublin.

Chaired by John Craven, one of the driving forces behind the huge success of Cove Energy, it has unconventional oil and gas assets in Australia, South Africa and Hungary and has negotiated a series of truly blue-chip partnerships.

In day-to-day control of the business is chief executive Philip O’Quigley, who before jumping ship was with Providence Resources, which struck Ireland’s first commercial oil last year.

The group has raised US$25mln, US$10mln of which will be used to repay debentures due in June.

A total of US$5mln has been set aside to meet the group’s work commitments, leaving US$10mln for “general corporate purposes”.

O'Quigley said: “We are pleased to offer our new and existing investors an opportunity to grow with us as we seek to realise the value potential within our diversified and large acreage positions in Australia, South Africa and Hungary.”

The share placing was completed at 14 pence a share, with the stock changing hands for 15.5 pence in early deals.

Quick facts: Falcon Oil & Gas Ltd

Price: 8 GBX

Market: AIM
Market Cap: £78.55 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Falcon Oil & Gas Ltd named herein, including the promotion by the Company of Falcon Oil & Gas Ltd in any Content on the Site, the Company...



Everybody is on the Falcon Oil & Gas Plc bandwagon - Zak Mir

Chartist Zak Mir takes a closer look at Falcon Oil & Gas Ltd (LON:FOG) after its shares doubled last week. The Tip TV technical analyst says Falcon is on the front foot, as far as fundamentals are concerned, while the chart points to the share price potentially going higher still.

on 02/20/2017

2 min read