February 2010
FOGL reached an agreement with Desire Petroleum plc to contract the Ocean Guardian rig to drill the first ever exploration well in the East Falklands Basin on the Toroa prospect - View the Rig Contract Announcement
November 2009
FOGL announced that it had raised £50 million through an issue of 43,478,261 new ordinary shares of 0.002 pence in the capital of the Company.
May 2009
FOGL announced that it had raised £7.6 million before expenses (£7.2 million net) through an issue of 10,448,099 new ordinary shares of 0.002 pence in the capital of the Company.
February 2009
All site surveys completed.
January 2009
Geotechnical boring programme commenced. Information derived from this survey will be used to assist in the design of the wells. This survey was carried out by the MV Fugro Saltire.
December 2008
The MV Fugro Meridian survey vessel commenced work on the site survey programme. It acquired digital site surveys in order to assess drilling hazards in the top few hundred meters of sediment below the sea bed, as well as grab and core samples of the sea bed.
The British Antarctic Survey vessel the James Clark Ross deployed wave and current meters. These results were used in the Environmental Impact Statement (EIS) and the preparation of rig mooring and riser design.
November 2007
BHP Billiton increased interest in Licenses.
FOGL Press Release: FOGL Partner increases interest in Licenses
October 2007
Farm-Out Agreement reached with BHP Billiton.
FOGL Press Release: Farm-Out Agreement with BHP Billiton
August 2007
CSEM Survey completed. View the Results here
May 2007
2D infill seismic survey completed. View the Results here
January 2007
OHM commenced the CSEM Survey over some of FOGL's best prospects.
CSEM (Controlled Source ElectroMagnetic) survey commenced. Offshore Hydrocarbon Mapping plc (OHM) used the vessels, 'CS Teneo' and 'MV Energy Miner', to acquire CSEM data over some of FOGL's best prospects and leads.
December 2006
The new programme of 2D infill seismic survey commenced.
Phase III covered 10,000 kms in the 2002 & 2004 Licences. The survey was contracted out to Wavefield Inseis AS and was undertaken by the vessel 'MV Bergen Surveyor'
October 2006
The integration of the Phase II seismic data into the basin wide mapping project defined several new prospects and led to a much greater understanding of the petroleum potential of the Licences. There was a further mandatory relinquishment of some of the acreage in the 2002 Licences.
May 2006
A total of 22,450 km of 2D seismic data now acquired over the Licences.
Numerous new leads at several stratigraphic levels were identified.
In addition, more tightly spaced, infill seismic data in both the 2002 and 2004 Licences refined the original interpretation and allowed better definition of prospects and potential hydrocarbon volumes.
January 2006
FOGL announced the appointment of Tim Bushell as Chief Executive
May 2005
9,450 km 2D seismic survey completed.
Phase I identified a number of promising leads in two distinct provinces from a widely spaced seismic grid. The survey focused on the 2002 Licences in the South.
December 2004
Falkland Islands Government awarded FOGL a 100% interest in Production Licences covering 50,000 sq kms in the East Falkland Basin.
October 2004
FOGL was admitted to London Stock Exchange Alternative Investment Market (AIM) on 14 October 2004 at an issue price of 40p. FOGL Admission to Trading on AIM Document
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.
2002
Falkland Islands Government awarded 7 Production Licences to a consortium of investors. The licence area covers 33,700 sq kms to the south and east of the Falkland Islands.
