11 Sep 2015 16:01
11 September 2015
Falkland Oil and Gas Limited
("FOGL" or the "Company")
Statement re Share Price Movement
Falkland Oil and Gas Limited (AIM:FOGL), the oil and gas exploration company focused on its extensive licence areas to the North, South and East of the Falklands islands, notes today's increase in the Company's share price and confirms that it is not aware of any reason that would lead to such a movement.
Drilling continues on the Humpback exploration well and none of the reservoir objectives have been penetrated yet. As previously announced on 25 August 2015, FOGL anticipates that the results of the well should be available in September 2015 and a further update will be provided once target depth has been reached and wireline logs have been run.
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For further information:
Falkland Oil and Gas Limited Tim Bushell, Chief Executive | +44 (0) 20 7563 1260 |
RBC Capital Markets (Nominated Advisor and Joint Broker) Matthew Coakes / Daniel Conti | +44 (0) 20 7653 4000 |
Numis Securities Limited (Joint Broker) John Prior / Ben Stoop / Paul Gillam
| +44 (0) 20 7260 1000 |
FTI Consulting Ed Westropp / George Parker | +44 (0) 20 3727 1000 |