词条 | Falkland Oil and Gas | ||||||||||||||||||||||||||||||||||||||||||||
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| name = Falkland Oil and Gas Ltd | logo = Falkland Oil and Gas logo.jpg | logo_size = 160px | caption = | type = Public | traded_as = {{LSE|FOGL}} | predecessor = | foundation = 27 May 2004 | defunct = January 2016 | successor = Rockhopper Exploration | founder = | location_city = London | location_country = United Kingdom | locations = | area_served = Falkland Islands | key_people = Richard Liddell (Chairman) Tim Bushell (CEO) | industry = Oil and gas extraction | products = | services = | revenue = None | operating_income = -£4,404,000 (2014) | net_income = -£3,232,000 (2014) | assets = £357,317,000 (2014) | equity = £349,781,000 (2014)[1] | owner = | num_employees = 7[2] | parent = | divisions = | subsid = | homepage = {{url|http://www.fogl.com}} | footnotes = }} Falkland Oil and Gas Ltd, abbreviated to FOGL, was an energy company registered in the Falkland Islands and headquartered in London, the United Kingdom. Its business was based on exploring for offshore oil reserves off the coast of the Falklands. It owned the right to extract oil from a number of blocks to the east and the south of the islands. FOGL was listed on the Alternative Investment Market of the London Stock Exchange. The company issued an initial public offering on 14 October 2004, debuting at a price of 40p.[2] By 2010, FOGL estimated that its four best prospects could contain {{convert|8|Goilbbl|e9m3|abbr=off}},[3] with up to {{convert|60|Goilbbl|e9m3|abbr=off}} in total in all sectors off the coasts of the Falklands.[4] The share price peaked at 267p in June 2010, but slumped by half on 12 July 2010, when it was found that one of its prospect wells, Toroa, was empty [5]- as of 1 March 2015 the share price had dropped to ~31 pence. The company merged with Rockhopper Exploration on 18 January 2016.[6] OperationsNorth Falkland Basin
Legal issuesDue to the ongoing disputed nature of the Falkland Islands, FOGL received criticism from Argentina. On 30 April 2014 FOGL announced the following in their annual report; {{Quote box|quote = Argentina legal issue It is well documented that Argentina claims sovereignty over the Falkland Islands and the surrounding maritime areas. The Argentine government has recently stated that it intends to take legal action against companies and individuals with regards to this claim. Neither FOGL, nor any of its Directors have received any written notification or legal documents from the Argentine Government with respect to such actions. FOGL's position on this issue is clear. The Hydrocarbons Law (Law No 26.659) enacted by the government of Argentina does not apply to the Falkland Islands or its surrounding waters, and is therefore unlawful. Any attempts to enforce Argentine domestic legislation in relation to the Falkland Islands continental shelf are an unlawful assertion of extraterritorial jurisdiction. As such, Argentina's action is contrary to the UN Convention of the Law of the Sea. It is also unlawful interference with the right of the Falkland Islanders under the UN Charter to selfdetermination, their right to develop their hydrocarbons resources and the peaceful development of their economy. |source = [7]}}{{clear}} References1. ^http://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=10&vw=fs&SecurityToken=0P00007OAF%5d3%5d0%5dE0WWE%24%24ALL&Id=0P00007OAF&ClientFund=0&CurrencyId=GBP 2. ^1 {{cite web |url=http://www.fogl.com/fogl/en/about/foglfactsheet |title=Fact Sheet |author= |date= |work= |publisher=Falkland Oil and Gas |accessdate=8 July 2010}} 3. ^{{cite news |title=Q&A: The Falklands oil row |first= |last= |newspaper=BBC News |date=17 February 2010 |url=http://news.bbc.co.uk/1/hi/business/8520038.stm }} 4. ^{{cite news |title=Falkland Islands oil reserves 'to help British economy' |first=Chris |last=Irvine |newspaper=The Daily Telegraph |date=2 December 2009 |url=https://www.telegraph.co.uk/news/worldnews/southamerica/falklandislands/6708902/Falkland-Islands-oil-reserves-to-help-British-economy.html }} 5. ^{{cite news |title=Falkland Oil & Gas shares plunge as well proves empty |first= |last= |newspaper=BBC News |date=12 July 2010 |url=http://news.bbc.co.uk/1/hi/business/10596531.stm }} 6. ^{{cite news|title=Rockhopper, FOGL merger complete|url=http://www.offshoreenergytoday.com/rockhopper-fogl-merger-complete/|accessdate=21 March 2016|work=Offshore Energy Today|date=18 January 2016}} 7. ^http://www.fogl.com/fogl/uploads/press/Final_Results_and_Directorate_Changes.pdf External links{{Energy in the United Kingdom|companies}} 2 : Economy of the Falkland Islands|Oil and gas companies of the United Kingdom |
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