Re: FOGL announcement

24 Jul 2007 08:40

Global Petroleum Ltd24 July 2007 FALKLAND OIL & GAS LIMITED ANNOUNCEMENT Global Petroleum Limited advised that Falkland Oil & Gas Limited ("FOGL") hasreleased an announcement in relation to a possible farm in to certain assets.The full announcement appears hereunder. Global Petroleum holds a 14% interest in FOGL. Mark SavageChairman Telephone: +1505 344 2822Fax: +1505 344 2922Email: marksavage@comcast.net 23 July 2007 Falkland Oil & Gas Limited(the "Company" or "FOGL") Falkland Oil & Gas Limited (the "Company" or "FOGL") notes the price movement inthe Company's share price and confirms that it is in advanced discussions which may or may not lead to a major resources company farming in to certain of its assets. Any such transaction, if agreed between the two parties, would be subject, interalia, to the approval of the Falkland Islands Government. A further announcement will be made in due course. Enquiries: FOGLTim Bushell, Chief Executive 020 7563 1260 KBC Peel Hunt (Nominated Adviser)Jonathan Marren / Matt Goode 020 7418 8900 This information is provided by RNS The company news service from the London Stock Exchange