Falkland Oil and Gas Limited Well 14/20-1 'Isobel Deep' operations update (2647L)
April 24 2015 - 7:00AM
UK Regulatory
TIDMFOGL
RNS Number : 2647L
Falkland Oil and Gas Limited
24 April 2015
24 April 2015
Falkland Oil and Gas Limited
("FOGL" or the "Company")
Well 14/20-1 'Isobel Deep' operations update
Falkland Oil and Gas Limited ("FOGL"), the exploration company
focused on its extensive licence areas to the North, South and East
of the Falkland Islands, is providing an operational update on the
14/20-1 "Isobel Deep" (FOGL: 40%) well that was spudded, by Premier
Oil as operator, on 8th April 2015.
Following the successful setting of the 13 3/8" casing at a
depth of 1273.9m metres, a problem was detected with the blowout
preventer ("BOP"). The well has been temporarily suspended and the
BOP has been brought to surface for inspection and repairs.
It is anticipated that the repairs to the BOP will take in the
order of 10-14 days. Whilst these repairs are being undertaken the
rig will be utilised to drill the top-hole sections and set the
conductor(s) on the Chatham and/or Jayne East Locations.
The rig will return to the Isobel Deep location to continue
drilling once the BOP repairs have been completed and a further
operational update will be issued at that time.
These operational changes have no financial impact on FOGL. The
Company is fully carried through the Isobel Deep and Jayne East
wells by Premier Oil and Rockhopper Exploration.
For further information:
Falkland Oil and Gas Limited
Tim Bushell, Chief Executive +44 (0) 20 7563 1260
RBC Capital Markets (Nominated Advisor and Joint Broker)
Matthew Coakes / Daniel Conti +44 (0) 20 7653 4000
Numis Securities Limited (Joint Broker)
John Prior / Ben Stoop / Paul Gillam +44 (0) 20 7260 1000
FTI Consulting
Ed Westropp / George Parker +44 (0) 20 3727 1000
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLLFVISAISFIE
Falkland O&G (LSE:FOGL)
Historical Stock Chart
From Apr 2024 to May 2024
Falkland O&G (LSE:FOGL)
Historical Stock Chart
From May 2023 to May 2024