Falkland Oil and Gas
Description
Falkland Oil and Gas Limited (FOGL) was formed in 2004 to invest in an offshore oil exploration programme in licences covering approximately 33,700 sq km south and east of the Falkland Islands. FOGL holds a 77.5 per cent interest in seven offshore licences granted by the Government of the Falkland Islands. The remaining 22.5 per cent interest is held by Hardman Resources Limited, a listed Australian company.
FOGL's founder shareholders were Falkland Islands Holdings plc (through its subsidiary The Falklands Islands Company Limited), Global Petroleum Limited (through its subsidiary Dampier Oil Limited) and RAB Special Situations L.P.