March 2012 Corporate Presentation – Falkland Oil and Gas Ltd.(FOGL)

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Slides

Farmout Option Confidential Presentation March 2012
Farmout option: Summary A farmout agreement gives FOGL: Financial flexibility Additional drilling contingency 3rd well 3D seismic Experienced industry partner Committed to drilling at least 3 wells FOGL maintain a material…
Farmout option: Key commercial terms Summary terms of FOA The counterparty would farm-in to 25% of the FOGL licence areas in consideration for its full share of the 2012 drilling programme: est. 140 million gross Also included is…
Optionality on B&S drilling results In the event that the counterparty has not exercised the option prior to an announcement by Borders and Southern on the results of either the Darwin or Stebbing wells and such announcement results…
Financial flexibility FOGL fully funded for 2 wells: Loligo deep & Scotia Current financial contingency c.30% The farmout provides c.120% contingency Additional wells and seismic If both wells are drilled within budget then…