Grant of Options

29 Mar 2005 16:13

Falkland Oil and Gas Limited29 March 2005 Falkland Oil and Gas Limited Grant of options Following the appointment of Richard Liddell as a non-executive director,Falkland Oil and Gas Limited announces that on 24 March 2005 it granted himoptions to acquire 118,100 ordinary shares of 0.002p ("Ordinary Shares") each inthe company at an exercise price of 127p per Ordinary Share, being the previousday's closing market price. These options become exercisable in three annual tranches from 24 March 2006 andexpire on 24 March 2012. There was no amount paid for the grant of the options. Richard Liddell does not hold any other options over Ordinary Shares in theCompany. 29 March 2005 This information is provided by RNS The company news service from the London Stock Exchange