FOGL.L Regulatory News (FOGL)

Falkland Oil and Gas Limited ("FOGL" or "the Company")

Directors Shareholdings

The Company was notified on 8 February 2012 that David Hudd and Timothy Jones, non executive directors, had undertaken the following transactions on 8 February.

Mr Hudd sold 25,000 FOGL ordinary shares of 0.002 pence each ("Shares") at 60p, and subsequently bought 25,000 Shares in the market at 60.125p through his SIPP. Mr Hudd's shareholding in FOGL remains unchanged at 200,000 Shares which represents 0.0625% of the issued share capital of the Company.

Mr Jones sold 40,000 Shares at 59.25p, and subsequently bought 40,000 Shares in the market at 59.3p through his SIPP. Mr Jones's shareholding remains unchanged at 205,185 Shares which represents 0.0641% of the issued share capital of the Company.

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