Noble Energy Farm-Out Presentation – Falkland Oil and Gas Ltd.(FOGL)

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Slides

Noble Energy Farmout August 2012
Farmout to Noble Energy Key benefits of the Noble farmout: Increased financial resources to fund our share of future seismic and drilling costs Fully funded through Loligo, second well in 2012 and 3 additional exploration wells to be…
Location Map Northern Area licences: Scotia 1,062 mmboe FOGL 40% Edison SPA 25% Noble Energy 35% Loligo & Nimrod Areas (Tertiary only) Loligo 4,700 mmboe FOGL 75% Edison SPA 25% Nimrod 1,500 mmboe Southern Area…
Key commercial terms FOGL retain a 75% interest & operatorship in 2 excluded areas that contain the Loligo and Nimrod complexes (Tertiary section only) Noble farm-in to 35% of the Northern Licences, with operatorship transferred in…
Financial flexibility FOGL fully funded for 5 wells: 2 wells in 2012 and 3 additional wells in a later drilling campaign FOGL estimate it will have cash reserves of c.212 million post the 2012 drilling programme Noble committed to…