Falkland Oil and Gas Limited (" FOGL") is an AIM-listed oil and gas exploration company operating in the undrilled South and East Falkland Basins, potentially a new petroleum province in the South Atlantic.
2002	Falkland Islands Government awards 7 Production Licences to a consortium of investors. The licence area covers 33,700 sq kms in south and east of the Falkland Islands.
May 2004	Falkland Oil and Gas Limited (FOGL) formed to invest in an offshore oil exploration programme in the 2002 Licences. At the time of the IPO, 8 leads were identified in the 2002 Licence area.
October 2004	FOGL was admitted to London Stock Exchange Alternative Investment Market ("AIM") on 14 October 2004 at an issue price of 40p.
December 2004	Falkland Islands Government awards FOGL 100% interest in Production Licences covering 50,000 sq kms in the south and east of Falkland Islands.
October 2007	Farm-Out Agreement reached with BHP Billiton. FOGL Press Release: Farm-Out Agreement with BHP Billiton
November 2007	BHP Billiton increase interest in exploration agreement.. FOGL Press Release: FOGL Partner increases interest in exploration agreement
	2007 Licence situation The 65,354 sq km licence area held by FOGL and our joint venture partner is equivalent to 297 North Sea blocks click to enlarge
	A new exploration area FOGL licences in a new, untested basin. click to enlarge

Founder shareholders

• The Falkland Islands Company Limited (a subsidiary of Falkland Islands Holdings plc)
• Dampier Oil Limited (a subsidiary of Global Petroleum Limited) and;
• RAB Special Situations L.P. (a fund managed by RAB Capital plc).