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Falkland O&G Share Price - FOGL

Share Name Share Symbol Market Type Share ISIN Share Description
Falkland O&G LSE:FOGL London Ordinary Share FK00B030JM18 ORD 0.002P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.08 -0.80% 9.92 9.59 10.00 10.25 9.55 10.25 1,223,564 16:35:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) RN NRN
Oil & Gas Producers 0.0 -2.1 -0.4 - 31.74

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Date Time Title Posts
26/11/201502:04Falkland Oil & Gas33,314
20/10/201512:19L2 - Observations, comments and screenshots3
21/3/201508:32Stop UK Aid To Argentina3
26/11/201411:30"This oil stock has at least three times upside" = podcast1

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sandspider2000: Press Releases 30 Jan 2014 Share Option Plan and Long Term Incentive Plan Awards FOGL, the oil & gas exploration company focused on its extensive licence areas to the North, South and East of the Falkland Islands, announces the following arrangements in respect of 2013 awards to be made under its Share Option Plan and its Long Term Incentive Plan for executive directors:- THE FOGL SHARE OPTION PLAN: Awards are granted under the FOGL Share Option Plan as options with a market value exercise price. At the discretion of the Remuneration Committee, market value options are awarded to the executive directors as 'one-off' tranches of options up to a level of five times annual salary and as annual awards under the LTIP. From time to time the options granted as one-off awards are topped-up to maintain the five times salary multiple. The tranche of options awarded in December 2010 has now lapsed and the Board has approved the granting of replacement options as follows: Vesting Performance Conditions: Market value options will vest according to absolute share price growth calculated over three years. Growth under 50% will not be rewarded. Growth of 50% will result in vesting of 25% of the total award. Growth of 125% will result in vesting of 100% of the total award. Vesting will follow a linear relationship between 25% growth and 125% growth. Continued employment with FOGL is required for vesting. Exercise Period: Awards vested may be exercised up to ten years from the date of award. Exercise Price: The exercise price for the market value options for the 2013 award is 25p, being the share price as at close on 28thJanuary 2014. Awards: In accordance with the scheme rules, the following grants were awarded on 29th January 2014: Tim Bushell - 2,947,200 market value options have been awarded, calculated as the value of the salary multiple of the lapsed options of £736,800, divided by the exercise price of 25p. Colin More - 2,480,240 market value options have been awarded, calculated as the value of the salary multiple of the lapsed options of £620,060, divided by the exercise price of 25p. THE FOGL LONG TERM INCENTIVE PLAN (LTIP): Awards are granted under the FOGL LTIP as a combination of restricted shares and market value options. Each year, at the discretion of the Remuneration Committee a new grant is awarded. For 2013, new grants of restricted shares of 50% annual salary and market value options of 100% annual salary have been approved as follows: Conditions: The conditions described above for the market value options awarded under the Share Option Plan in relation to Vesting and Performance Conditions, Exercise Period and Exercise Price, apply also to restricted shares and market value options awarded under the LTIP. Awards: In accordance with the scheme rules, grants have been awarded to Tim Bushell and Colin More on 29th January 2014, as follows:- Tim Bushell 491,200 restricted shares have been awarded, calculated as 50% annual salary divided by the Company's share price as at close on 28th January 2014. 982,400 market value options have been awarded, calculated as 100% annual salary divided by the Exercise Price of 25p. Colin More 442,900 restricted shares have been awarded, calculated as 50% annual salary divided by the Company's share price as at close on 28th January 2014. 885,800 market value options have been awarded, calculated as 100% annual salary divided by the Exercise Price of 25p. -Ends-
oilbandit: this company is well undervalued.... FOGL's licence portfolio covers the North, South and East Falkland Basins. FOGL has an interest in the Sea Lion development project, which is due on stream in 2019. The company is currently participating in an aggressive exploration programme with five wells planned for 2015. • The Sea Lion field straddles PL032 & PL004b • FOGL estimate that >40% of the Sea Lion Complex resources lie within PL004b • Premier are proposing a two phased development concept, targeting the northern area first • Unitisation discussions took place in 2014 between PL032 & PL004b licencees, FIG and it’s advisers (BGS & DECC). Currently these are on hold during 2015 drilling programme • *FOGL estimate that the 14/15-4a and 14/15b-5 (Zebedee) wells have demonstrated over 250mmbbls of oil resources lying within PL004b that at 40$ standing alone warrents this share price the same as rockhopper because fogl will also go into production utilizing the sealion field. therfore along with the rest of the desire acreage gas at liz " where theres gas theres oil " and isobel which they are for sure going back to with a free carry humback on its way is sitting bang in the middle of the diomedia complex [holding 2 billion barrels alone] which significantly sits right next to nimrod [named after the mythological ruler]and with roumers already surfaced at jayne east you only have to join the dots and add up the equasions to know that fogl not only has the most acreage but will have enough findings to also go into production which is indeed their masterplan for they already operate with all parties and have the farmin partners to hand to get that ball thats already rolling further down the line. HUMPBACK WI (%) / PI (%) 52.5% / 27.5% Gross Prospective Resources 510mmbbl(1) Net Prospective Resources 268mmbbl Spud Date June 2015 Operator Noble Energy (35%) Partners Edison (12.5%) this is the lowest price from here on that you will ever see fogl sitting at and to me its as cheap as chips....if humback comes in the value in barrelage far outweighs rkh and in fact fogl already have within sealion counting up all already discovered gas and oil wells more than rkh THE PRICE IS RIDICULOUS ......THE BIG ONES ON ITS WAY. THIS WILL SURPASS RKH AND THE POUND BARRIER bandit.
blakieboy7: Falkland Oil and Gas Limited 14/15b-5 Well DiscoveryDate : 02/04/2015 @ 07:00Source : UK Regulatory (RNS & others)Stock : Falkland O&G (FOGL)Quote : 35.5 0.0 (0.00%) @ 05:00HOME LSE LSE Falkland O&G share price Falkland Oil and Gas Limited 14/15b-5 Well Discovery PrintTIDMFOGLRNS Number : 2553JFalkland Oil and Gas Limited02 April 20152(nd) April 2015Falkland Oil and Gas Limited ("FOGL")Oil and gas discovery at well 14/15b-5 (Zebedee), Falkland IslandsFalkland Oil and Gas Limited (AIM:FOGL), the oil and gas exploration company focused on its extensive licence areas to the North, South and East of the Falklands islands, is pleased to announce the successful results of the 14/15b-5 'Zebedee' exploration well.The well, which is located on licence PL004b (FOGL 40% interest), discovered 27.5 metres of net oil-bearing reservoir and 17.5 metres of net gas-bearing reservoir. The well penetrated multiple targets in the Cretaceous F2 and F3 formations with a total net pay of 45 metres. The pay is primarily located within two F2 sands: -- The Hector sand, which contains 17.5 metres of net gas pay. -- The Zebedee sand, which contains 25.0 metres of net oil pay. No oil-water contact was observed in the Zebedee reservoir.The reservoir in both the Hector and Zebedee intervals is of good quality and the results are better than FOGL's pre-drill expectations.Oil was also encountered in a 5 metre sand (2.5 metres of net oil pay), lying below Hector which may be a southern extension of the Beverley sand encountered in the 14/15b-4 well. In addition, a 3 metre sand lying below the Zebedee sand, containing good oil shows, is thought to be the southerly extension of the Sea Lion Main sand.Pressure measurements taken in the Zebedee interval plot on the same gradient as those observed in the oil leg of the Sea Lion field. It is likely therefore, that Zebedee reservoir is in pressure communication with, and has the same oil-water contact as Sea Lion.Good oil shows were recorded in a number of the deeper F3 targets, but at this location the sands are not well developed.FOGL is encouraged by the positive results of the well. The Zebedee reservoir is better developed than anticipated in FOGL's reservoir models and this will positively impact resource estimates. The Hector reservoir, which has not been drilled previously, has been proven to have very good properties. In addition to the gas discovered in Hector in the well, the flank of the Hector reservoir may have potential for additional oil resources.FOGL will now evaluate these results and their positive impact on potential hydrocarbon resources. We will also initiate an independent third party assessment, the results of which will be published in due course.The well will now be plugged and abandoned as a successful exploration well. The Eirik Raude rig will then drill the first exploration test on the Elaine/Isobel fan complex in the southern part of the North Falkland Basin with the Isobel Deep well. The results of this well are expected in late April 2015 and a further announcement will be made upon spudding on the well.Tim Bushell, CEO, commented:"This is an excellent result and one that adds significantly to the proven hydrocarbon resources of licence PL004b and the greater Sea Lion area. This well further confirms the extension of the Sea Lion discovery and associated reservoirs into PL004b, which have now been demonstrated to contain a significant proportion of the total field resources."FOGL looks forward to continuing to work with its partners to progress development of the substantial oil and gas resources within PL004b."- Ends -For further information: Falkland Oil and Gas Limited Tim Bushell, Chief Executive +44 (0) 20 7563 1260 RBC Capital Markets (Nominated Advisor and Joint Broker) Matthew Coakes / Daniel Conti +44 (0) 20 7653 4000 Numis Securities Limited (Joint Broker) John Prior / Ben Stoop / Paul Gillam +44 (0) 20 7260 1000 FTI Consulting Ed Westropp / George Parker +44 (0) 20 3727 1000 This information is provided by RNSThe company news service from the London Stock ExchangeENDDRLSSDEEFFISEEL
idleduck: malcys blog says: Falkland Oil & Gas FOGL has announced an operational update on its Humpback exploration well, 53/02-01 in the Southern Basin offshore the Falklands. They announce oil and gas shows with the possible presence of hydrocarbon bearing sandstones within the main target horizon and are now drilling deeper to evaluate additional targets. The well has taken an inordinate amount of time to drill and must be increasingly expensive which must be behind FOGL’s decision to be carried by Noble in the lower exploration for which they have ceded a 32.5% interest to them. FOGL say that despite the increase in costs as a result of the delays they have sufficient funds and contingency to complete the well. It would seem that the main target is sub commercial at current oil prices and, bearing in mind the location of the well I would want to see a much more strongly worded description of the pay encountered. Better news is that Noble want to drill deeper although a cynic might say that this is the cheapest way of gaining actual geological and geo-technical knowledge of the play. More importantly I suspect that whilst they were down there, Noble thought it worthwhile to make certain that they hadnt missed anything. The next ten days will be hard going for the partners but at least for FOGL they are not spending money any more, they have used up pretty much all the cash they had and unless the well does deliver significant promise are back to square one. They have a position in the North Falklands basin but a lot of the recent froth in the share price has been on the back of a success at Humpback, if it turns out that it is not commercial then the shares will head south as interest heads north, in that situation Rockhopper will be the best way to play those discoveries.
moneymunch: Shares in Falkland Oil and Gas (LSE: FOGL) have fallen by up to 8% after the release of an operational update by the company. On the one hand, the update is positive because Falkland Oil and Gas has encountered oil and gas shows while drilling through its main target horizon. Furthermore, intermediate wireline logs indicate the possible presence of hydrocarbon bearing sandstones within the main target horizon and, as such, the company will now drill deeper in an attempt to evaluate additional targets. However, on the other hand today's update is disappointing since progress on the well has been slower than expected due to a side-track being required for mechanical reasons. As a result, the share of Falkland Oil and Gas' costs for the Humpback well have risen, although the company stresses that it has sufficient cash to complete the drilling programme. Clearly, Falkland Oil and Gas has considerable long term potential and, while a delay is somewhat disappointing, it continues to make encouraging overall progress. Therefore, today's share price fall could be an opportunity for less risk averse investors to buy a slice of the company for the long term.
oilbandit: i have been reading posts on the other thread and i absolutely agree that they have found much more oil than they would like you to believe....they also were my thoughts previously to this new latest news regardless...therfore if this share does not perform in a massive upward trend from here on then i want to form a petition to put into the aim and make a formal complaint regarding the share price. this has nothing whatsoever to do with argentina....argentina have been making their threats for years on end and in my opinion this does not effect the share priceing in any way shape or form....kirchner can rant on and on and on until shes blue in the face and her knickers are down around her ankles for all i care. all "i personally" as a long term falkland island share holder am concerned about is that this share is now priced in fairley and treated in the same way as any other buisness or stock market share. MMS AND COMPANIES BEWARE FOR I WILL BRING SHAREHOLDERS TOGETHER IN MUTINY UPON ALL THREADS IF YOU DO NOT EXPOSE TRUTHS REGARDING ANY OIL FINDINGS.[ formal complaints and court action of shareholders will take place nevermind about threats of christina kirchner. we are tired in waiting and we have been treated like s..t in the past regarding desire petroleum " water scenario " enough is enough...... now lets see a proper opening price.... for.this share along with rockhopper should be now at least over a pound at opening. therfore MMS base the price in on the facts and "already found" oil and gas findings and stop listening or hesitating to political rhetoric. WE WILL EXTRACT THIS OIL AND THIS OIL BELONGS TO THE BRITISH....OUR MEN DIED FOR THIS AND THEY WILL NEVER BE FORGOTTEN AND IN MY HEART NEVER DIE IN VAIN. KIRCHNER.....TRY YOUR LUCK....WE ARE WAITING. UP YOURS....MMS WAKE UP. THE BANDIT.
ngms27: The FOGL price is actually holding up very well against the sector. The fact remains that Gentleman Jim has no idea whether Humpback will be a Whale or a Sardine just like the rest of us. Odds are however on his side, but who would have though that Japan with a COS of < 1% would beat South Africa?
jimduggan: Fogl price dropping
gunsofmarscapone: Massive assumption made over at iii, or deliberate collective fibbing. When has there ever been a discovery concurrent to a flat share price? Very surprised if Humpy is not either dust or highly ambiguous result. I'm a shareholder as well fwiw! Isobel and Fogl's share of the SL complex the most positive driver of shareholder value imo.
smileycharlie: Not going to say much more but I have heard from a decent and reliable contact in the industry that it was oil of a sizable quantity but not knowing the type of fluid made it non commercial. What rotten luck indeed. Had oil been sampled and even if non commercial in volume at the current oil price the share price would be sitting 20+p. It does open up the other plays in the south basin though so I would expect the 'shooting fish in a barrel' is still on ngms27, could they still be trying to sample the fluid? I don't know but Isobel spud is scheduled for next week and they are P&A'ing a well that has pay of some sort, so my guess is that it is just taking awhile longer than usual. The P&A operation is on Noble's tab. Going to laugh (or maybe cry) if they confirmed oil next week.

Falkland O&G Most Recent Trade

Trade Type Trade Size Trade Price Trade Date Trade Time Currency
O 125,000 9.92 25 Nov 2015 17:08:44 GBX

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