Falkland Oil and Gas Ltd

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Operations

Work Programme 2008/9

Site Survey

Drilling

Work Programme 2006/7

CSEM Survey

Ph. III 2D Infill Seismic Survey

Seabed Coring

Rig Options

Progress Reports

Work Programme 2005/6

Leads & Prospects

Falkland Islands

TRACS Report

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FOGL is focused exclusively on offshore oil and gas exploration in the Falkland Islands.
We are pursuing an aggressive exploration programme that could lead to the development of a new petroleum province in the South Atlantic.

Operating Environment


click to enlarge	-	Most prospects in 2,000 – 4,500 feet water depth (610 - 1372 m)
	-	Target horizons: 6,000 – 13,000 feet below sea level (1829 - 3962 m)
	-	Falklands weather is similar to West of Shetland
	-	Remote location however no major issues during 1998 drilling campaign
	-	Anchored semi-submersible or drillship for exploration drilling Tried and tested technology for developments

Progress since IPO


click to enlarge	May 2004 - 8 leads: At the time of the IPO, FOGL had identified 8 leads in a 33,700sq km licence area (2002 Licence). FOGL now holds 100% interest in this area.

click to enlarge	December 2004 - 100+ leads / 2004 Licences awarded: FOGL awarded 100% of additional 50,000 sq km licence area. Over 100 leads and prospects identified.

click to enlarge	October 2006: By the end of Phase II Seismic Survey, leads and prospects further defined across both 2002 and 2004 Licence areas. Forward work programme has been improved and relinquishment of area in 2002 Licences has been made.

click to enlarge	15 December 2006: Wavefield Inseis commenced the 10,000 km Seismic Survey. 31 May 2007: Survey Completed. Processing and interpretation of the results will take up to 6 months to complete. Progress Reports

click to enlarge	January 2007: OHM commenced the CSEM Survey over FOGL's top 20 prospects. 15 August 2007: Survey Completed. Processing and interpretation of the results will take up to 6 months to complete. Progress Reports

click to enlarge

FOGL's licences vs. North Sea
FOGL's licences cover 65,354 sq km which is equivalent to 297 North Sea-style blocks