Falkland Oil and Gas


Falkland Oil and Gas Ltd, abbreviated to FOGL, was an energy company registered in the Falkland Islands and headquartered in London, the United Kingdom. Its business was based on exploring for offshore oil reserves off the coast of the Falklands. It owned the right to extract oil from a number of blocks to the east and the south of the islands.
FOGL was listed on the Alternative Investment Market of the London Stock Exchange. The company issued an initial public offering on 14 October 2004, debuting at a price of 40p. By 2010, FOGL estimated that its four best prospects could contain, with up to in total in all sectors off the coasts of the Falklands. The share price peaked at 267p in June 2010, but slumped by half on 12 July 2010, when it was found that one of its prospect wells, Toroa, was empty - as of 1 March 2015 the share price had dropped to ~31 pence.
The company merged with Rockhopper Exploration on 18 January 2016.

Operations

in millions barrels and cubic metre of oil equivalent.
Prospect NameEstimated Resources Estimated Resources Start dateResults and/or notes
ZebedeeApril 201540 percent owned by Falklands Oil and Gas, 36 percent by Premier Oil and 24 percent by Rockhopper Exploration.
On the 2 April, during the first of the 4 planned wells at Zebedee a 27.9 meter oil reservoir and 18.5 meter gas reservoir was found 		-
Isobel DeepMay 2015-
Jayne EastJune 2015-

South and East Falkland Basin in millions barrels and cubic metre of oil equivalent.
Prospect NameEstimated Resources Estimated Resources Start dateResults and/or notes
HumpbackJuly 2015Part of Diomedea fan complex. WI 52.5% / PI 27.5%. Net prospective resources 268 Million barrels. Operator Noble energy, Partner Edison -
StingrayPart of Diomedea fan complex. Requires success at Humpback. Operated by Noble
Scharnhorst NorthQ1 2015Part of Fault Block Area. Noble operated-
StarfishQ1Part of Hersilia Fan Complex. Operated by Noble-
Well 2about August 2015-
ScotiaNovember 2012Gas shows - proven working hydrocarbon system but poor quality reservoir
LoligoSeptember 2012Gas bearing zones but poor quality reservoir
ToroaJuly 2010Dry - but excellent Cretaceous reservoirs

Legal issues

Due to the ongoing disputed nature of the Falkland Islands, FOGL received criticism from Argentina. On 30 April 2014 FOGL announced the following in their annual report;