LONDON--Falkland Oil and Gas Ltd (FOGL.LN) Thursday announced
the completion of the farm-out agreement with Noble Energy
Falklands Ltd, an affiliate of Noble Energy, Inc. (NBL) and the
signing of agreements with Petroleum Geo-Services, or PGS, for the
acquisition and processing of two new 3D seismic surveys.
MAIN FACTS:
-Two separate agreements have been entered into with PGS to
acquire and process 3D seismic data over the joint venture's
licenses.
-Drilling of the Scotia well had been proceeding to plan and was
ahead of schedule by approximately three days.
-Shares at 0905 GMT, down a penny, or 1.61%, at 61 pence valuing
the company at GBP198 million.
-Write to Rory Gallivan at rory.gallivan@dowjones.com; Twitter:
@RoryGallivan
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