Financial Information and News Falkland Islands News Network

Financial Information and News

Teaberry Express

Falklands Focus

SAFIN Magazine

Antarctic Sentinel

St. Helena Herald
Islander Newspaper
Tristan Times
So. Atlantic Remote Territories Media Association
Your Mental Health Magazine
The Craft of Journalism


Financial Information and News

Oil Slicks and Gas Chimneys: FOGL's Acreage Has it All

OIL SLICKS AND GAS CHIMNEYS: FOGLE’S ACREAGE HAS IT ALL

 

By J. Brock (FINN)

 

When Falkland Islands Oil and Gal Limited (FOGL’s) John Armstrong and Patrick Bird go to the United States this week, they will have some pretty impressive seismic data with them.  It is their hope to interest investors in the South Falkland Basin, where 2D Seismic (including satellite imagery) has shown crude slicks on the ocean and gas bubbles from reserves below the seabed in their acreage. 

 

Results of the 2 D survey have been placed on FOGL’s website at http://www.fogl.co.uk.  There are 44 pages that show.  This presentation shows the status of FOGL’s business as of October 2005 and it’s intended to bring shareholders, potential investors and possible partners up to date as to the state of the Company’s business.

 

As reported before, FOGL has 79,000 sq km with several play types – more than 130 leads that include encouraging direct hydrocarbon indicators.  Twenty drillable projects have been identified with a target date for drilling in 2007.  The direct hydrocarbon indications or evidence of the presence of hydrocarbons include Gas Chimneys, amplitudes, Gas Hydrates and possible flat spots.

 

Graphics include Cretaceous Fault Blocks – Amplitudes that may indicate oil and gas, Fold Belt Trap Potential, Gas Chimneys Springhill Sand – large stratigraphic trap, Tertiary deepwater channels and fan sands, etc.  There are 10 pages of graphics.

 

Financially FOGL has raised over £12Million since its founding in 2004, with a market cap of £32Million.  £10Million alone was raised in 2005.  With no debts, FOGL has a cash balance of £19.3Million (US$36Million) with a market cap of £116Million (US$213Million).  At present FOGL has 91.7 Million shares with an average daily volume of 733,000 at 120p per share (US$2.19/share).

 

FINN could go on for 44 pages but it is highly recommended that interested parties go to FOGL’s website to see the presentation for themselves.

 



Useful Links

Falkland Oil and Gas Limited

Fish Base Organisation

Lindblad Expeditions

Antarctic Tourism

Falklands Legislative Council Website

Factiva

Telegraph

Falklands Conservation

Sea Cadets (Southern Region)

Sea Cadets (T/S Endurance)

South Atlantic Roman Catholic Church

SAMA 82 - FI

SAMA 82 - UK

Falkland Islands Infant/Junior School

Team Tranquil

Atlantis Project: South Georgia

Weather Underground

British Antarctic Survey

HM Bark Endeavour Foundation

Falkland Islands Association

Falkland Islands Tourism

Birdlife International

MSN Search Live

Falkland Islands Chamber of Commerce

Falkland Islands Government

Google UK

Wikipedia.

BBC

KTV

Google

CNN

Reuters

BBC

Guardian

New York Times

London Times

EINews

EXCITE

FIS Net

ZDNet