Company Information for Falkland Oil and Gas Limited

Company stock charts - 6 Month chart

AIM; FOGL

Company Statement

Falkland Oil and Gas Limited ("FOGL") is an AIM-listed oil and gas exploration company operating in the undrilled South and East Falkland Basins, potentially a new petroleum province in the South Atlantic.

Operations and Technology

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.

The joint venture operations have now moved into the well planning approvals phase. The recently completed site surveys represented the final phase of offshore activities prior to drilling.

Operating Environment

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

Geographical Spread

Falkland Islands

Board of Directors and Key Management

Richard Liddell	Chairman
Tim Bushell	Chief Executive Officer
David Hudd FCA	Non-executive Director (Deputy Chairman)
Timothy Jones	Finance Director
Colin More	Exploration Manager

Company Address

32-34 Wigmore Street
London, United Kingdom W1U 2RR


Telephone:	020 7563 1260
Website:	http://www.fogl.com

Additional Address/Key Contact

Shareholder Capital

Number of securities in issue: 146,252,066
Percentage of securities not in public hands: 25.7%

Nominated Brokers

Oriel Securities Limited
125 Wood Street
London EC2V 7AN

Nominated Advisors