Falkland Oil and Gas Limited (FOGL) is an AIM-listed oil and gas exploration company operating in the South and East Falkland Basins, a new petroleum province in the South Atlantic. FOGL is exploring two large licence area covering c.40,000 square kilometres with its co-venture partners Noble Energy and Edison International.
On March 6 2013 operatorship of the northern area was transferred to Noble Energy. The southern licence area operatorship will be transferred to Noble in March 2014. FOGL will retain the operatorship of the Loligo-Nimrod area
Current operations are focused on a major 3D seismic acquisition programme. A 4,500 sq. km survey within our southern licence area over the Mid Cretaceous aged Diomedea fan complex commenced in late 2012 and is expected to complete by April 2013. A 1000 sq. km 3D survey will then be acquired over a number of attractive fault block prospects that lie within the Company’s acreage adjacent to the Darwin gas condensate discovery. A third 3D seismic survey will commence in the fourth quarter 2013 within the northern licence area. This will be focussed on the Mid Cretaceous Herslia Fan complex and on the northern part of the Loligo gas discovery.
FOGL seeks to create transformational shareholder value by pursuing a successful exploration programme in its licences to the South and East of the Falkland Islands.
Since 2002 FOGL has been exploring their leads and prospects in the East Falklands Basin.
Take a look back in time to see how far FOGL has come.