FOGL seeks to create transformational shareholder value by pursuing a successful exploration programme in its licences around the Falkland Islands. FOGL is also focused on the prudent use of shareholder funds and aims to spread the exploration risk by partnering with other oil companies to maximise the companys capital resources.
A suitable deep-water rig is currently being sought to undertake further exploration drilling in 2015. It is expected that FOGL will participate in at least five wells in this next campaign.
FOGL has sufficient funds for its share of the planned 2015 drilling programme and is either partially or fully carried on four out of five wells.