Introduction Listed on AIM in 2004 at 40p per share Purely focused on oil and gas exploration off the Falkland Islands Huge 50,000 sq km licence area equivalent to 220 North Sea Blocks Licences to South and East of Falkland Islands…
De-risking the project Exploration activity has significantly de-risked the project 22 million invested in exploration activity in past 4 years Established presence of working petroleum system: source & reservoir rocks & traps 2007…
Significant Potential TRACS estimate top 10 prospects have potential to hold more than 10 billion boe of recoverable reserves. FOGL latest estimate is over 12 Billion A further 90 prospects and leads have been identified and mapped…
BHP Billiton Farm-In Agreement Commitment to drill a minimum of two exploration wells within 3 years Underlines quality of exploration potential Acquired 51% interest and operatorship Paid 12.75 million and will pay 68% of the…
Surmountable Technical & Commercial Hurdles Weather conditions similar to West of Shetland or Norwegian Sea Maximum water depths of 2000m shallower than recent Gulf of Mexico 6000m wells Most prospects within 500m to 1200m water…
Drill Programme a number of options 1. Minimum 2 well exploration programme committed to by BHP Billiton. 2. Additional exploration & appraisal well locations under consideration, with a 4 well programme as currently the favoured…
2008: preparation for drilling Complete seismic & CSEM analysis and prospect evaluation, risk and reserves Select best prospects for drilling and order of wells Select drilling locations, including potential appraisal well…
Falkland Islands Advantages Political stability Attractive fiscal terms (Government…
Why Invest in FOGL In the Falklands Largest drillable prospects Most upside Multiple independent play types De-risked prospects: Positive CSEM results & strong seismic direct hydrocarbon indicators (DHIs) Credible Farminee in BHPB,…
Investor information Listed on AIM October 2004 (LSE code: FOGL) No of shares 92 million Principal Shareholders RAB Capital: 30% Falkland Island Holdings: 16% Global Petroleum: 13% Retail: 41% No. of shareholders 2,500 Directors 0.6…
Strong Management Team Richard Liddell, Chairman Previously Operations Director of Premier Oil plc, Director of Development at BG Exploration and Production. Senior positions at Philips Petroleum Company. Tim Bushell, Chief…
Prospects and leads map Over 33,000kms of new seismic data acquired & 7 CSEM lines Over 100 prospects & leads identified Total basin potential could be 60 billion barrels TRACS CPR Net prospective resources of 10 billion…
Multiple Play types Cretaceous Fan Play 17
Diverse range of traps 4 way dip anticline Fault block Large stratigraphic trap Fault block Fault, dip and stratigraphic Dip and stratigraphic 18
Positive CSEM anomalies Positive CSEM anomalies within the Tertiary Channel Play Caird Garrodia Nimrod 19
Disclaimer Some statements contained in this presentation or in documents referred to in it are or may be forward-looking statements. Actual results may differ from those expressed in such statements, depending on a variety of…
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