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3D Seismic Survey Commences
FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, is pleased to provide the following update in respect of 3D seismic operations.

The PGS M/V Ramform Sterling has commenced a 3D seismic survey over the mid Cretaceous Diomedia fan complex within the southern area licences. The survey will cover a minimum area of 4,000 square kilometres and is likely to take approximately 4 months to complete. This survey will be operated by Noble Energy Inc.

The original plan was that the Diomedia survey would be acquired later in 2013. However, due to the late completion of the Scotia well, there has been insufficient time to allow the Scotia results to influence the exact location and design of the 3D survey. As a result, FOGL and its joint venture partners have decided to swap the order of the two surveys and the northern area 3D survey will now be acquired in the fourth quarter of 2013.

A second 3D survey, operated by FOGL and using the PGS M/V Ramform Challenger, is expected to commence in the first quarter of 2013. A further announcement regarding this survey will be made once the vessel arrives in the Falklands.

Pro

What do you mean "not even a puff of gas came out". I remember in September you were raving about it, and were very surprised the share didn't go over £1.00. What do you mean "only mature gas" would be very bad news at Scotia? Are you being sarcastic???

What time/price did you sell out at? if you'd be willing to share! And how come magicjoe didn't get squelched for that comment

Hi, who can explain recent trades marked buy after relatively large buys price is going down?
Is it sell from market or aim is doing own bussines ?

Whatever happened to PP not heard from him for a very long time ......is he living with oilyrag and other former shares rampers?

So rich after all of his/her 'successes', doesn't need to inhabit these boards any more.

He probably has changed his name again and will be busily preparing his next ramp.

If he is wise he will down a nice warm mine this week as the NE gets snow!

It will be interesting to watch these - and RKH / FKL - on Monday after the Islanders have their say about their future.
If nothing else it will bring the Foilies back into the public eye.

Watch the CEO of Falkland Oil & Gas presenting at the Oilbarrel conference.

Video Webcast

Hi js8106455,

Watched it live time, well worth a listen/watch.

KEEP an EYE @ 31.75p

Share price has been busy on the upside during the last week on larger volume than usual, once again today is on the rise. A double bottom has been formed so preludes to better things to come.

my "simpleton's 3-month chart" below shows sp has just broken back above both 25 and 50 dma, with 200 dma still in the far horizon ...... the whole supports what our friend in the balearics is saying, but whether or not jumping in on FI stocks is prudent at all, is very much a personal choice