Falkland Oil and Gas Limited Operations Update - 3D Seismic Acquisition (7359A)
February 24 2014 - 2:00AM
UK Regulatory
TIDMFOGL
RNS Number : 7359A
Falkland Oil and Gas Limited
24 February 2014
24 February 2014
Falkland Oil and Gas Limited
("FOGL")
Operations Update - 3D Seismic Acquisition
FOGL, the oil and gas exploration company focused on its
extensive licence areas offshore the Falkland Islands is pleased to
provide the following operations update with respect to the 3D
seismic programme.
3D seismic survey over the Cretaceous Hersilia Fan complex
The PGS M/V Ramform Titan has completed a 3D seismic survey over
the Cretaceous Hersilia Fan complex within FOGL's Northern Area
Licences. A total of 5,747 square kilometres of full fold seismic
data have been acquired. This survey was designed to target a
number of prospects and leads including Hersilia, West Hersilia and
Challenger. The survey was operated by Noble Energy on behalf of
the Joint Venture, which also includes Edison International Spa.
The survey was completed within budget.
The data will now be processed by PGS and a fast track product
will be available for interpretation in approximately three months.
It is anticipated that the final processed data will be available
in the third quarter of 2014. The fast track data will be used to
commence prospect mapping and the selection of well locations.
This is the third and final 3D survey prior to the next drilling
programme, which is expected to commence in early 2015. The joint
venture has now acquired 12,000 square kilometres of high quality
3D seismic data and is very encouraged by the results of the first
two surveys.
PGS have operated all three surveys, which have been conducted
safely and without incident. FOGL would like to thank PGS and their
employees for their contribution to the success of this programme
and the excellent safety, environmental and operational performance
achieved.
- Ends -
Enquiries:
Falkland Oil and Gas
+44 (0) 207 563 1260
Tim Bushell, Chief Executive
RBC Europe Limited (Financial Adviser, Joint Broker and NOMAD to
FOGL)
+44 (0)20 7653 4000
Jeremy Low / Matthew Coakes
Jefferies Hoare Govett (Joint Broker)
+44 (0) 207 029 8000
Alex Grant / Chris Zeal / Graham Hertrich
FTI Consulting
+44 (0) 207 831 3113
Ed Westropp / Natalia Erikssen
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCQKNDDFBKDPBB
Falkland O&G (LSE:FOGL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Falkland O&G (LSE:FOGL)
Historical Stock Chart
From Jul 2023 to Jul 2024