Falkland Oil And Gas (LON:FOGL) - Loligo gas discovery

Tuesday, Sep 25 2012 by
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Sep 25th 2012 - Edison Investment Research today published a report on Falkland Oil and Gas (FOGL.L, LSE:FOGL, LON:FOGL) entitled "Loligo Gas Discovery". In summary, the report says:

Falkland Oil and Gas (FOGL) has announced a gas discovery on its Loligo well. However, the well encountered only thin sands and the flow potential and commerciality of the discovery remains unknown. With a working hydrocarbon system now proven in this area of the Falklands basin and gas found across all six horizons, work will now focus on understanding the reservoir distribution with a view to appraisal drilling in 2014/2015. Meanwhile the second high impact well of the campaign, the 1,062mmboe Scotia prospect, spudded today.




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