Executive Summary
Falkland Oil and Gas Limited (LON:FOGL) was formed in May 2004 to invest in an offshore oil exploration programme covering approximately 33,700 sq km south and east of the Falkland Islands. It was admitted to AIM in October 2004, raising T?12 million (before expenses) through a simultaneous placing and offer for subscription. At that time, FOGL held a 77.5% interest in seven offshore production licences granted by the Government of the Falkland Islands. Hardman Resources Limited holds the remaining 22.5% interest in these licences.
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