Falkland Oil & Gas has agreed a significant farm-out deal with an, as yet, unnamed party which will help fund its deep water drilling programme.
Falkland Oil and Gas is a United Kingdom-based oil and gas exploration compay focused on the Falkland Islands. It operates in the South and East Falkland Basins.
22/05/12
Result of AGM27/04/12
Annual Financial Report20/04/12
Holding(s) in Company13/04/12
Final Results02/04/12
Holding(s) in Company20/03/12
Farmout Option Agreement and rig update27/02/12
Holding(s) in Company09/02/12
Director/PDMR Shareholding31/01/12
Total Voting Rights24/01/12
Holding(s) in Company20/03/12
Falkland Oil & Gas has agreed a significant farm-out deal with an, as yet, unnamed party which will help fund its deep water drilling programme.
20/03/12
The Falkland oil explorer has agreed a significant farm-out deal with an, as yet, unnamed party which will help fund its deep water drilling programme.
13/01/12
The funding means the firm will be able to carry out its preferred drilling programme in the Falklands later this year.
19/04/11
The oil explorer is now pencilled in to drill the 4.7 billion barrel Loligo prospect in the deepwater verges of the Falkland Islands, after it agreed a £32 million funding today. Bullish analysts reckon this ‘elephant’ prospect gives FOGL a very attractive valuation.
19/01/11
The international mining group is partnering FOGL in the South Falkland Basin. But it halved its interest in the licences after the unsucessful Toroa well last summer. This morning the junior oil explorer told investors that the Toroa result has not impacted its other prospects, as it unveiled plans for the next phase of exploration in the frontier oil region. Negotiations are now underway to bring a deep-water drilling rig to the South Basin.
13/02/10
FOGL recently raised £50 million through a share placing, which will be used to finance a deeper water rig in late 2010 and analysts believe there is a fair chance of success in the ten wells that are due to be drilled in 2010/2011.
27/03/08
21/11/11
Falkland Oil and Gas committed to drilling Loligo prospect, says Oriel Securities21/11/11
Falkland Oil & Gas waits for drill rig; expects to spud Loligo well in Q2 201208/06/11
Falkland Oil & Gas in early talks about possible farmout20/05/11
Westhouse says news of Falkland Oil & Gas' two drilling slots is positive19/04/11
Falklands Oil & Gas to drill 4.7 bln barrel Loligo targets in 2012, confirms £32 mln placing31/03/11
Falkland Oil and Gas: BHP Billiton pulls out of Northern Licences, FOGL funded to drill Loligo15/03/11
Falklands Oil Exploration: New wave of drilling may refresh interest in frontier oil play15/03/11
Falkland Oil & Gas says deep-water rig negotiations are at advanced stage19/01/11
Falkland Oil & Gas unveils plans for surveying and drilling in South Basin28/09/10
Falkland Oil and Gas shares plummet as BHP pulls out of JV