| Stock Related |
| 1. |
What securities does FOGL have on issue? |
| 2. |
How do I buy / sell shares in FOGL? |
| 3. |
Are FOGL shares listed on any other stock exchanges in Europe / USA / Asia? |
| 4. |
How do I contact the FOGL share registry or advise of a change of address/other details? |
| 5. |
Can I download forms from the website to change details of my holding/s? |
| 6. |
Where and when will the next AGM be held? |
| 7. |
How can I obtain a copy of the latest Annual Report? |
| 8. |
I have been offered shares in FOGL, has this offer been made by FOGL?
What should I do if I believe I have been approached under false pretences by a company trying to sell me FOGL shares? |
| 9. |
Can I check my shareholding details online? |
| |
|
| Exploration Related |
| 10. |
Where can I find the latest information on FOGL's operations? |
| 11. |
You say that you are planning a drilling campaign for 2008, but have not contracted a rig yet, is this still a realistic timeframe? |
| 12. |
What is the status of your current work programme? |
| 13. |
What is your cash position? |
| 14. |
How much would it cost to get a rig to the Falklands and drill a well? |
| 15. |
Why did you select BHP Billiton as your partner? Surely they are a mining Company not an Oil and Gas Company? |
| 16. |
Are you still looking for further partners? |
| 17. |
What is the forward programme / when will you be drilling? |
| . |
|
| |
|
| 1. |
What securities does FOGL have on issue? |
| |
Falkland Oil and Gas shares are listed on the London Stock Exchange "AIM" (Alternative Investment Market) under: FOGL Ordinary Shares |
| |
back to top... |
| 2. |
How do I buy / sell shares in FOGL? |
| |
Shares in FOGL can be bought or sold through a registered broker. If you have not already retained the services of a broker, a "Directory of Members" can be found on the APCIMS website (Association of Private Client Investment Managers and Stockbrokers) http://www.apcims.co.uk/ (Tel: +44 (0)20 7247 7080). |
| |
back to top... |
| 3. |
Are FOGL shares listed on any other stock exchanges in Europe / USA / Asia? |
| |
FOGL securities are currently only traded on the AIM market of the London Stock Exchange. FOGL has not applied or agreed to have any of its securities (including its AIM Securities) admitted or traded on any other exchanges or trading platforms. |
| |
back to top... |
| 4. |
How do I contact the FOGL share registry or advise of a change of address/other details? |
| |
The easiest way to change any details on your shareholding is via the Capita Registrars Shareholder Portal via the following instructions:
1) Visit the website at http://www.capitaregistrars.com/shareholders/
2) Click on Share Portal link at the bottom right of that page.
3) You will then be presented with a page giving the instructions of how to register.
Alternative methods of contacting the Registrars:
Within UK Tel: 0870 162 3100
Outside UK Tel: +44 20 8639 2157
Fax: +44 (0) 20 8639 2342
E-mail: ssd@capitaregistrars.com
Address: The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU |
| |
back to top... |
| 5. |
Can I download forms from the website to change details of my holding/s? |
| |
Yes, forms can be downloaded from the Capita Registrars Shareholder Portal. |
| |
back to top... |
| 6. |
Where and when will the 2007 AGM be held? |
| |
The next AGM will be the AGM for the year ended 2007. This will most likely be in May 2008, although no date has been set. Shareholders will be sent a notice of meeting next year with the Company's Report and Accounts. |
| |
back to top... |
| 7. |
How can I obtain a copy of the latest Annual Report? |
| |
Annual reports are sent to all shareholders listed on the share register. If you are not a shareholder, or your shares are held in the name of your broker then Email us for a hardcopy to be sent to you in the post or download an electronic version here. |
| |
back to top... |
| 8. |
I have been offered shares in FOGL, has this offer been made by FOGL?
What should I do if I believe I have been approached under false pretences by a company trying to sell me FOGL shares? |
| |
It has been drawn to our attention that some prospective investors have been offered shares in a number of companies, including FOGL, by entities whose name suggests (incorrectly) that they have a connection with a major financial institution and in some cases the communications have suggested a connection with FOGL.
If any organisation with which you are not familiar offers you shares we recommend that you check the situation very carefully ahead of entering into any contract and/or paying any money. The Company is not currently undertaking any share offering and if anyone is purporting to be acting on behalf of the Company in relation to such an issue, we recommend that you contact us to check the position.
If you have sent money to a third party and have not received any legitimate documentation in return we recommend that you contact your local Police department and notify them of all the details.
For UK investors: The Financial Services Authority (FSA) has more information on this type of scenario at http://www.moneymadeclear.fsa.gov.uk/news/share_Scams.html . If you believe you have been targeted by a bogus organisation, you can report it by calling the FSA in the UK on Tel: 0845 606 1234 |
| |
back to top... |
| 9. |
Can I check my shareholding details online? |
| |
Yes. Logon to the Capita Registrars Shareholder Portal via the following instructions:
1) Visit the website at http://www.capitaregistrars.com/shareholders/
2) Click on Share Portal link at the bottom right of that page.
3) You will then be presented with a page giving the instructions of how to register. |
| |
back to top... |
| 10. |
Where can I find the latest information on FOGL's operations? |
| |
The latest information on the Company's operations will be released to the market via press release. Press releases are automatically uploaded to the FOGL website. As a publicly listed company, FOGL is restricted from divulging information to individuals if such information is considered to be 'price sensitive ' and has not already been issued in the public domain.> |
| |
back to top.. |
| 11. |
You say that you are planning a drilling campaign for 2009, but have not contracted a rig yet, is this still a realistic timeframe? |
| |
We are still hopeful that this can be achieved although due to the planning / logistics that need to be put in place it is unlikely to take place before the second half of next year. Our new partner, BHP Billiton, does have access to the necessary rigs and we will be working with them to commence the drilling programme as soon as is practicable. |
| |
back to top.. |
| 12. |
What is the status of your current work programme? |
| |
We have now completed the 2D infill seismic survey and the controlled source eletromagnetic survey ("CSEM"). The results from these programmes are encouraging and we have now identified a number of prospects that are seismically well defined and also have postitive CSEM evidence.
The results of both the CSEM survey and the infill 2D seismic will now be fully integrated in order to produce a short list of the best prospects for drilling.
Our partner BHP Billiton became operator of the licences from 1 January 2008. |
| |
back to top.. |
| 13. |
What is your cash position? |
| |
As at the year end 31 December 2007 it is expected that our cash position will be £12.2 million. This means that we are funded through a significant proportion of the near term exploration programme, which will include the drilling of the first two exploration wells. |
| |
back to top.. |
| 14. |
How much would it cost to get a rig to the Falklands and drill a well? |
| |
At current rig rates we anticipate a single well would cost in the order of £15 million. The cost of mobilising a rig to the Falkland Islands would cost between £5 and £15 million. |
| |
back to top.. |
| 15. |
Why did you select BHP Billiton as your partner? Surely they are a Mining Company not an Oil and Gas Company? |
| |
BHP Billiton is an obvious partner to us. They currently produce 350,000 boepd with a strategy to increase this to 500,000 boepd in 2010. They have an extensive and impressive track record of deep water drilling in the Gulf of Mexico, Australia and West Africa. The company also have a long history of working in sensitive environments; they understand the regional geology of the South Atlantic systems and have access to rigs. |
| |
back to top.. |
| 16. |
Are you still looking for further partners? |
| |
This is one of the options that we are considering. Since we have announced our agreement with BHP Billiton we have continued to have discussions with a number of other parties and we will look to advance these discussions during 2008, whilst ensuring that we maintain a material interest in our licences. |
| |
back to top.. |
| 17. |
What is the forward programme / when will you be drilling? |
| |
We are expecting to undertake a seabed coring and site surveys in 2008 and we are also planning to integrate the results of the CSEM survey and the 2D infill seismic survey in order to produce a short list of the best prospects for drilling.
We are continuing to review with BHP Billiton a number of rig options with a view to drilling the first wells on our licences either in 2009. Under the farm-out agreement a minimum of two explorations wells will be drilled in the next 3 years.
|
|
back to top.. |
Printable version