3D Seismic Survey Commences
FOGL raised £48.5 million before expenses, through an issue of 112,764,675 new ordinary shares of 0.002p in the capital of the Company.
Rig contract was signed with Borders and Southern Petroleum Plc and Ocean Rig 1 Inc. to contract the Leiv Eiriksson for two firm drilling slots.
FOGL raised £32 million and signed Heads of Agreement for Falklands deep water programme expected to commence in Q1 of 2012.
BHP Billiton assigned operatorship and the remaining 51% interest in the Northen Licence Area back to FOGL (49%), as well as contributing towards the costs of drilling a well on the Loligo prospect.
FOGL regained 100% ownership and operatorship of the Southern Area Licences.
FIG agreed to extend the first phase of the Northern (2004) Licences by one year expiring on 15 December 2011. BHP Billiton remain operator with a 51% interest in the Northern Area Licences.
Toroa F61/5-1 well results announced - View the Results of the Toroa Well
FOGL announced that the Toroa F61/5-1 exploration well was spudded.
FOGL reached an agreement with Desire Petroleum plc to contract the Ocean Guardian rig to drill the first ever exploration well in the East Falklands Basin on the Toroa prospect - View the Rig Contract Announcement
FOGL announced that it had raised £50 million through an issue of 43,478,261 new ordinary shares of 0.002 pence in the capital of the Company.
FOGL announced that it had raised £7.6 million before expenses (£7.2 million net) through an issue of 10,448,099 new ordinary shares of 0.002 pence in the capital of the Company.
Completed site survey programme.
The MV Fugro Meridian survey vessel commenced work on the site survey programme. The British Antarctic Survey vessel the James Clark Ross deployed wave and current meters.
Farm-Out Agreement reached with BHP Billiton.
FOGL Press Release: Farm-Out Agreement with BHP Billiton
2D infill seismic survey completed. View the Results here
OHM commenced the CSEM Survey over some of FOGL's best prospects.
The new programme of 2D infill seismic survey commenced.
The integration of the Phase II seismic data into the basin wide mapping project defined several new prospects and led to a much greater understanding of the petroleum potential of the Licences.
A total of 22,450 km of 2D seismic data now acquired over the Licences.
FOGL announced the appointment of Tim Bushell as Chief Executive
9,450 km 2D seismic survey completed.
Falkland Islands Government awarded FOGL a 100% interest in Production Licences covering 50,000 sq kms in the East Falkland Basin.
FOGL was admitted to London Stock Exchange Alternative Investment Market (AIM) on 14 October 2004 at an issue price of 40p. FOGL Admission to Trading on AIM Document
Falkland Oil and Gas Limited (FOGL) formed to invest in an offshore oil exploration programme in the 2002 Licences.
Falkland Islands Government awarded 7 Production Licences to a consortium of investors.