1 Jun 2010 14:20
1 June 2010
Falkland Oil and Gas Limited
("FOGL" or "the Company")
Toroa F61/5-1 Exploration Well Spud
FOGL is pleased to announce that the Toroa F61/5-1 exploration well spudded on Monday 31st May 2010.
The Toroa prospect is located in Licence PL15, in which FOGL has a 49% interest.
The well is being drilled to an estimated target depth of circa 2,700 metres. Drilling operations are expected to take approximately 35 days and a further announcement will be made once drilling is completed.
Enquiries:
| Falkland Oil and Gas | +44 (0) 207 563 1260 |
| Tim Bushell, Chief Executive |
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| Oriel Securities (Nominated Adviser) | +44 (0) 207 710 7600 |
| David Arch / Natalie Fortescue |
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| Financial Dynamics | +44 (0) 207 831 3113 |
| Ben Brewerton / Ed Westropp |
|
FOGL.L (FOGL)