30 Sep 2008 07:38
30 September 2008
Falkland Oil and Gas Limited
("FOGL" or "the Company")
Statement regarding major shareholder
FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, has noted the announcement by RAB Capital plc ("RAB") regarding its RAB Special Situations Fund Limited which holds a significant interest in FOGL.
RAB announced this morning that investors in its Cayman-based RAB Special Situations Fund Limited and Delaware-based Special Sits LP have voted by a considerable margin to approve a three year lock-up.
The Company welcomes the announcement which ends a period of uncertainty regarding the interest in FOGL of RAB, which has been a long and supportive shareholder of FOGL.
Enquiries:
| Falkland Oil and Gas | +44 (0) 207 563 1260 |
| Tim Bushell, Chief Executive | |
| Oriel (Nominated Adviser) | +44 (0) 207 710 7600 |
| Richard Crawley / David Arch | |
| Financial Dynamics | +44 (0) 207 831 3113 |
| Ben Brewerton / Ed Westropp |