focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksFOGL.L Regulatory News (FOGL)

  • There is currently no data for FOGL

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Well Spud Announcement

6 Mar 2015 07:04

RNS Number : 7432G
Falkland Oil and Gas Limited
06 March 2015
 



6 March 2015

Falkland Oil and Gas Limited

("FOGL" or the "Company")

 

14/15-5 Well Spud

 

 

Falkland Oil and Gas Limited (AIM:FOGL), the oil and gas exploration company focused on its extensive license areas to the North, South and East of the Falklands islands, is pleased to announce that the 14/15-5 'Zebedee' exploration well (the "Well") was spudded, by Premier Oil as operator, on 6 March 2015.

 

The well is located on licence PL004b, in which FOGL has a 40% working interest and is to be drilled on the Zebedee prospect. The well will test a total of seven stacked fan bodies with varying geological chances of success, ranging between 10% and 50%. The well is targeting mid case unrisked gross prospective resources based on FOGL management estimates of 281mmboe (112mmboe net to FOGL).

 

The well is anticipated to take approximately 30 days to drill and a further release will be issued once logging is completed. The anticipated well cost net to FOGL is c.22mUSD.

 

 

Tim Bushell, CEO, commented:

 

"I am very pleased to announce the commencement of the 2015 drilling programme. The Zebedee prospect, if successful, will significantly increase the hydrocarbon resources of the Sea Lion field complex within our licence area."

 

- Ends -

 

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLPKADKOBKKBNK
Date   Source Headline
6th Sep 20065:30 pmRNSResult of AGM
6th Sep 20062:30 pmRNS2D Seismic Survey
6th Sep 20062:30 pmRNSAGM Statement
10th Aug 20069:00 amRNSAnnual Report and Accounts
25th Jul 20067:02 amRNSOHM CSEM Survey for FOGL
25th Jul 20067:00 amRNSElectro - Magnetic Survey
12th Jul 200610:31 amRNSRe: FOGL results
22nd Feb 200611:30 amRNSSale of Shares
22nd Feb 200611:30 amRNSHolding(s) in Company
24th Jan 20068:56 amRNSGrant of Option
11th Jan 200611:54 amRNSRe: FOGL announcements
4th Jan 20069:00 amRNSDirectorate Change
22nd Dec 20051:36 pmRNSInterim Results-Amendment
22nd Dec 200510:30 amRNSInterim Results
9th Sep 200510:00 amRNSChange of Address
9th Sep 20059:30 amRNSExploration Update
20th Jul 200512:45 pmRNSResults of AGM
20th Jul 200510:10 amRNSAGM Statement
4th Jul 20058:23 amRNSRe: FOGL exploration licences
30th Jun 20059:07 amRNSLicence Extension
3rd Jun 20057:00 amRNSNotification of Shareholding
3rd Jun 20057:00 amRNSDirector Shareholdings
3rd Jun 20057:00 amRNSInterest in FOGL
31st May 20059:38 amRNSRe: FOGL fund raising
31st May 20057:02 amRNSPlacing of shares
31st May 20057:02 amRNSUpdate on FOGL
20th May 20057:01 amRNSFinal Results
3rd May 20059:27 amRNSCompletion of Seismic Program
3rd May 20057:01 amRNSExploration Update
7th Apr 20057:00 amRNSUpdate and Management Change
29th Mar 20054:13 pmRNSGrant of Options
11th Mar 20057:00 amRNSBoard Appointment
24th Feb 20057:03 amRNSFalkland Licence Areas Update
17th Feb 20059:24 amRNSSeismic Survey Update

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.