23 Dec 2013 18:00
23 December 2013
FALKLAND OIL AND GAS LIMITED
('FOGL' or 'the Company')
Director Dealings
FOGL, the oil and gas exploration company with extensive licence areas offshore the Falkland Islands, announces that following the completion of the combination with Desire Petroleum plc ("Desire"), Non-executive Directors, Timothy Jones and David Hudd have received the following FOGL ordinary shares ("Shares") as a result of their consideration for their holding in Desire.
Timothy Jones, Non-Executive Director of FOGL, received 10,370 FOGL shares (each at 0.6233 FOGL Consideration Shares for each Desire Share). Mr Jones's shareholding is now 265,555 Shares which represents 0.05% of the issued share capital of the Company.
David Hudd, Non-Executive Director of FOGL, received 623 FOGL Shares (each at 0.6233 FOGL Consideration Shares for each Desire Share). Mr Hudd's shareholding is now 220,623 Shares which represents 0.04% of the issued share capital of the Company.
Enquiries:
Falkland Oil and Gas Ltd | +44 (0) 207 563 1260 |
Tim Bushell, Chief Executive |
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RBC (Nominated Advisor and Joint Broker) | +44 (0) 207 653 4000 |
Matthew Coakes / Daniel Conti / Jeremy Low |
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Jefferies Hoare Govett (Joint Broker) Alex Grant / Chris Zeal / Graham Hertrich | +44 (0) 207 029 8000 |
FTI Consulting | +44 (0) 207 831 3113 |
Ed Westropp / Natalia Erikssen |
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