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Statement re significant shareholder

30 Sep 2008 07:38

RNS Number : 6429E
Falkland Oil and Gas Limited
30 September 2008
 



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 Islandshas 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

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCGLGDCUXXGGIG
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