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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Falkland O&G | LSE:FOGL | London | Ordinary Share | FK00B030JM18 | ORD 0.002P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
LONDON--Falkland Oil & Gas Ltd. (FOGL.LN) Thursday said it has completed a seismic survey program over the Cretaceous Fault Blocks within its Southern Area Licenses to the South and East of the Falkland Islands.
MAIN FACTS:
-A total of 1,018 square kilometers of full fold seismic data have been acquired.
-This survey was designed to target a number of prospects and leads immediately to the west and north-west of the Darwin gas-condensate discovery.
-The survey was operated by Noble Energy Inc. (NBL) on behalf of the Joint Venture, which also includes Edison S.p.A. (EDNR.MI).
-The survey was completed within budget.
-The data will now be processed by PGS and a fast track product will be available for interpretation in approximately two months.
-It is anticipated that the final processed data will be available in the fourth quarter of 2013.
-The fast track data will be used to commence prospect mapping and the selection of well locations.
-The Joint Venture expects to award a contract in the near future for a third three-dimensional seismic survey that will be acquired in the northern licence area in the fourth quarter of 2013.
-Shares closed Wednesday at 25.25 pence.
-Write to Iain Packham at iain.packham@dowjones.com
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