30 Jun 2015 11:38
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- Stock Screeners
- Share Chat
- FX
- News & RNS
- Events
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
FOGL.L Share News (FOGL)
FOGL Share
Price
FOGL Share
News
FOGL Share
Chat
FOGL Share
Trades
FOGL
Live RNS
FOGL Share
Charts
FOGL Broker
Ratings
FOGL Directors
Deals
FOGL Financial
Diary
FOGL
Fundamentals
FOGL Short
Positions
FOGL
Media
FOGL.L Information
- There is currently no data for FOGL
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.FOGL to buy up BHP's Falkland's interests
Thu, 31st Mar 2011 16:12
Mining giant BHP Billiton is to bail out of the Falklands oil game and sell its interests in the area to its joint venture partner Falkland Oil and Gas (FOGL), though it is retaining the right to buy back in if FOGL strikes it lucky.FOGL will buy up BHP's 51% stake in the Northern licence area and take over operation duties in the area.BHP Billiton will contribute towards the costs of drilling the Loligo well in the Falklands by placing funds in an escrow account. Should FOGL find oil or gas in the Loligo development area then BHP will have the option to buy back in to the discovery, subject to a maximum 40% non-operating interest in return for making a cash contribution to FOGL's future exploration and appraisal costs.The settlement with BHP Billiton will, together with other funds available to FOGL, provide FOGL with total cash resources of $110m. These cash resources will be sufficient to fund the Loligo well, other exploration expenditures and allow the company to fulfil the Phase 1 work commitment of the Northern licence area.In other news, the company said it is close to finalising a rig contract for its deep water exploration programme. ---jh
More News
29 Jun 2015 21:22
UPDATE 2-UK slams Argentine plan to seize Falklands oil driller assets
(Adds quotes from British foreign office minister) By Andrew Osborn and William James LONDON, June 29 (Reuters) - Britain on Monday accused Argentina of a politically motivated and illegal attack on the nascent oil industry around the disputed Falkland Islands, after Buenos Aires said
Read more28 Jun 2015 19:29
Argentina will pursue judge order on Falklands drillers- minister
BUENOS AIRES, June 28 (Reuters) - Argentina will pursue in Britain and the United States a local judge's order to seize assets of oil drillers operating in the disputed Falklands Islands, the foreign minister said in an interview published in local media on Sunday. On Saturday, a federal ju
Read more28 Jun 2015 10:13
Argentine judge orders seizure of assets of companies operating in the Falklands
A judge in Argentina has ordered the seizure of the assets of five oil companies operating in the Falklands Islands, including those owned by Premier Oil, Falkland Oil and Gas and Rockhopper Exploration. The order, which was made by Tierra del Fuego judge Lilian Herraez, also named Noble Energy and
Read more27 Jun 2015 19:49
UPDATE 1-Argentine judge orders seizure of Falklands drillers' assets
(Adds reaction comment) BUENOS AIRES, June 27 (Reuters) - An Argentine judge ordered the seizure of assets of oil drilling companies operating in the disputed Falklands Islands on Saturday, as rhetoric heats up before October elections. Lilian Herraez, a federal judge in Tierra del Fu
Read more27 Jun 2015 16:45
Argentine judge orders seizure of Falklands drillers' assets
BUENOS AIRES, June 27 (Reuters) - An Argentine judge ordered the seizure of assets of oil drilling companies operating in the disputed Falklands Islands on Saturday, as rhetoric heats up before October elections. Lilian Herraez, a federal judge in Tierra del Fuego, ordered the seizure of $1
Read more15 Jun 2015 14:17
Falkland Oil and Gas begins drilling on Humpback well
Falkland Oil and Gas has begun drilling on the Humpback exploration well located on licence PL012, in which the firm has a 52.5% working interest. Humpback is located within a cluster of similar prospects, which have a total combined prospective resource of more than 1bn barrels of oil. The well is
Read more10 Jun 2015 05:30
9 Jun 2015 14:36
9 Jun 2015 05:28
8 Jun 2015 14:56