Falcon energy group limited private company information – bloomberg gasket t 1995

Falcon Energy Group Limited, an investment holding company, provides services from the initial exploration stage to production and postproduction stage to oil companies and contractors worldwide. The company operates through four segments: Marine, Oilfield and Drilling Services, Oilfield Projects, and Resources. The Marine segment owns and operates a fleet of vessels, including accommodation work barges, multi-functional support vessels, seismic vessels, anchor handling tug and offshore supply vessels, and harbour tugs vessels. This segment offers platform supply and engineering services, such as offshore hook-up and commissioning, offshore conductor piling, hydraulic work-over/coiled tubing…

Falcon Energy Group Limited, an investment holding company, provides services from the initial exploration stage to production and postproduction stage to oil companies and contractors worldwide. The company operates through four segments: Marine, Oilfield and Drilling Services, Oilfield Projects, and Resources. The Marine segment owns and operates a fleet of vessels, including accommodation work barges, multi-functional support vessels, seismic vessels, anchor handling tug and offshore supply vessels, and harbour tugs vessels. This segment offers platform supply and engineering services, such as offshore hook-up and commissioning, offshore conductor piling, hydraulic work-over/coiled tubing/well stimulation, and pipe trenching services for the production phase of oil and gas projects. The Oilfield and Drilling Services segment provides agency, logistics, procurement, and general support and drilling services to oil companies, oil and gas contractors, and shipyards; engineering and consultancy services for the construction of oil rigs and offshore support vessels; and sources spare parts and machineries. It also owns and operates oil rigs. The Oilfield Projects segment offers shipping and transportation services; sells demulsifies; and provides international trade, logistics, and oilfield services of engineering, technical, and consultation, as well as shipping agency services for offshore oilfield explorations, construction, and marine transportation. The Resources segment engages in coal mining and trading activities. It owns interests in three coal-mining concessions in East Kalimantan, Indonesia. The company also offers project management, and marketing and business development services; imports, exports, and trades in oil and gas field equipment and marine equipment related accessories; and operates as a bareboat charterer and ship manager. Falcon Energy Group Limited was incorporated in 2004 and is based in Singapore.

Falcon Energy Group Limited announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2018. For the quarter, the company’s reported revenue was $8,978,000 compared to $16,876,000 for the same period a year ago. The group recorded 46.8% decrease in revenue, the decrease was mainly attributable to the decline in revenue of the Marine and Oilfield Services Division. Loss before income tax was $8,002,000 compared to $10,850,000 for the same period a year ago. Loss for the period was $8,012,000 compared to $10,689,000 for the same period a year ago. Loss for the period attributable to Owners of the company was $10,408,000 or 1.29 cents per basic and diluted loss per ordinary share compared to $10,187,000 or 1.26 cents per basic and diluted loss per ordinary share for the same period a year ago. Net asset value per ordinary share was 13.60 cents.

For the nine months, the company’s reported revenue was $34,744,000 compared to $74,489,000 for the same period a year ago. The Group recorded r 53.40% decrease in revenue The decrease is made up of: Oilfield Services Division decreased by $30.21 million due to lower volume of works in 9 million 2018 and Marine Division’s revenue decreased by $9.52 million due to lower deployment rate of vessels and decrease in charter rates. Loss before income tax was $19,689,000 compared to $11,214,000 for the same period a year ago. Loss for the period was $19,686,000 compared to $9,450,000 for the same period a year ago. Loss for the period attributable to Owners of the company was $20,679,000 or 2.56 cents per basic and diluted loss per ordinary share compared to $7,893,000 or 0.98 cents per basic and diluted loss per ordinary share for the same period a year ago. Net asset value per ordinary share was 13.60 cents. Net cash generated from operating activities was $6,531,000 compared to $17,700,000 for the same period a year ago. Purchases of property, plant and equipment was $1,627,000 compared to $501,000 for the same period a year ago. Net asset value per ordinary share was 13.60 cents.

Falcon Energy Group Limited reported group unaudited earnings results for the second quarter and six months ended December 31, 2017. For the quarter, the company reported revenue of USD 12,010,000 compared to USD 22,788,000 a year ago. Loss before income tax was USD 7,580,000 compared to USD 1,715,000 a year ago. Loss for the period was USD 7,580,000 compared to USD 275,000 a year ago. Loss attributable to owners of the company was USD 6,698,000 or 0.83 cents per basic and diluted share compared to profit attributable to owners of the company of USD 683,000 or 0.08 cents per basic and diluted share a year ago. The Group recorded a 47.3% decrease in revenue compared to the three months ended 31 December 2016. The decrease was mainly attributable to the decline in revenue of the Marine and Oilfield Services Division.

For the six months, the company reported revenue of USD 25,766,000 compared to USD 57,613,000 a year ago. Loss before income tax was USD 11,687,000 compared to USD 364,000 a year ago. Loss for the period was USD 11,674,000 compared to profit of USD 1,239,000 a year ago. Loss attributable to owners of the company was USD 10,271,000 or 1.27 cents per basic and diluted share compared to profit attributable to owners of the company of USD 2,294,000 or 0.28 cents per basic and diluted share a year ago. Net cash from operating activities was USD 2,970,000 compared to USD 23,112,000 a year ago. Purchases of property, plant and equipment was USD 526,000 compared to USD 216,000 a year ago. The Group recorded a 55.3% decrease in revenue compared to six months ended 31 December 2016. The decrease is made up of Oilfield Services Division decreased by USD 23.75 million due to lower volume of works in six months of 2018. Marine Division’s revenue decreased by USD 8.91 million due to lower deployment rate of vessels and decrease in charter rates.