Re share price movement

23 Jul 2007 12:58

Falkland Oil and Gas Limited23 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 whichmay or may not lead to a major resources company farming in to certain of itsassets. 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. 23 July 2007 Enquiries: FOGL 020 7563 1260Tim Bushell, Chief Executive KBC Peel Hunt (Nominated Adviser) 020 7418 8900Jonathan Marren / Matt Goode College Hill 020 7457 2020Nick Elwes / Paddy Blewer www.fogl.com This information is provided by RNS The company news service from the London Stock Exchange