and gas ltd former type public traded as lse fogl industry oil and gas extraction successor rockhopper exploration founded 27 may 2004 defunct january 2016 headquarters london united kingdom area served falkland islands key people richard liddell chairman tim bushell ceo revenue none operating income 4 404 000 2014 profit 3 232 000 2014 total assets 357 317 000 2014 total equity 349 781 000 2014 1 number of employees 7 2 website www.fogl.com 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 8 billion barrels 1.3 billion cubic metres 3 with up to 60 billion barrels 9.5 billion cubic metres 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 contents 1 operations 2 legal issues 3 references 4 external links operations edit north falkland basin prospect name estimated resources mmboe start date results and or notes zebedee 281 april 2015 40 percent owned by falklands oil and gas 36 percent by premier oil and 24 percent by rockhopper exploration . on the 2 april during the first of the 4 planned wells at zebedee a 27.9 meter oil reservoir and 18.5 meter gas reservoir was found this was better than expected . isobel deep 240 may 2015 jayne east 85 june 2015 south and east falkland basin prospect name estimated resources mmboe start date results and or notes humpback 510 july 2015 part of diomedea fan complex . wi 52.5 % pi 27.5 % . net prospective resources 268 million barrels . operator noble energy 35 % partner edison 12.5 % stingray part of diomedea fan complex . requires success at humpback . operated by noble scharnhorst north 335 q1 2015 part of fault block area . noble operated starfish 402 q1 part of hersilia fan complex . operated by noble well 2 300 400 august 2015 scotia november 2012 gas shows proven working hydrocarbon system but poor quality reservoir loligo september 2012 gas bearing zones but poor quality reservoir toroa july 2010 dry but excellent cretaceous reservoirs legal issues edit due to the disputed nature of the falkland islands fogl has received criticism from argentina . on 30 april 2014 fogl announced the following in their annual report ; 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 . 7 references edit 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 a b fact sheet . falkland oil and gas . retrieved 8 july 2010 . q & a the falklands oil row . bbc news . 17 february 2010 . irvine chris 2 december 2009 . falkland islands oil reserves to help british economy . the daily telegraph . falkland oil & gas shares plunge as well proves empty . bbc news . 12 july 2010 . rockhopper fogl merger complete . offshore energy today . 18 january 2016 . retrieved 21 march 2016 . http www.fogl.com fogl uploads press final results and directorate changes.pdf external links edit official website v t e energy in the united kingdom companies coal anglo american asia energy bhp billiton enrc glencore rio tinto uk coal oil and gas integrated bg group bp royal dutch shell exploration and production afren bhp billiton cairn energy centrica dana petroleum desire petroleum emerald energy enquest essar energy falkland oil and gas hardy oil and gas jkx oil & gas melrose resources ophir energy perenco premier oil regal petroleum rockhopper exploration soco international star energy tullow oil supply greenergy murco petroleum support abbot group amec ensco expro hunting petrofac qserv score group weir group westerngeco1 wood group utilities generation and supply integrated centrica edf energy1 e.on uk1 rwe npower1 scottish power1 sse generation drax group falck renewables horizon nuclear power1 international power vattenfall united kingdom1 vedanta resources supply the co operative energy ecotricity esb international extra energy firmus energy first utility good energy green energy loco2 energy opus energy ovo energy phoenix natural gas telecom plus distribution electricity electricity north west1 northern powergrid1 sp energy networks1 sse power distribution uk power networks1 western power distribution1 gas firmus energy national grid northern gas networks phoenix natural gas sgn wales & west utilities1 transmission electricity national grid2 scottish hydro electric transmission sp energy networks1 gas national grid other aggreko apx group aquamarine power ecogen enserve geothermal engineering hi gen power mark group wavegen companies with headquarters and or registered office in the uk but no applicable energy operations within the country shown in italics 1ultimate parent company is not uk based 2integrated in the united states no generation or supply activities in the uk energy sources coal coal authority coal fired power stations coal mines coal mining regions confederation of uk coal producers greenhouse gas emissions history miners strike national coal board open pit coal mining electricity association of electricity producers britned east west interconnector energy switching services economy 7 economy 10 electricity billing green electricity grid trade master agreement hvdc cross channel hvdc moyle hvdc norway uk isle of man to england interconnector national grid control reserve service new electricity trading arrangements power stations timeline of the electricity supply industry nuclear advanced gas cooled reactor franco british nuclear forum magnox national nuclear laboratory nuclear decommissioning authority nuclear liabilities fund nuclear power stations office for nuclear regulation sellafield united kingdom atomic energy authority oil and gas bbl pipeline dash for gas forties pipeline system fuel protests gas infrastructure greenhouse gas emissions hydrocarbon oil duty oil and gas authority national transmission system natural gas fields natural gas fired power stations north sea oil oil & gas uk oil fields oil fired power stations oil infrastructure oil refineries petroleum revenue tax renewables biofuels biodiesel biofuel power stations national non food crops centre renewable fuels agency renewable transport fuel obligation geothermal geothermal power stations hydroelectricity hydroelectric power stations severn barrage wave farms solar power wind power list of offshore wind farms list of onshore wind farms north sea offshore grid wind power in scotland government and regulation organisations carbon trust cenex committee on climate change department of energy and climate change department for environment food and rural affairs energy saving trust environment agency office of gas and electricity markets legislation and initiatives carbon emission reduction target climate change act 2008 climate change agreement climate change levy climate change and sustainable energy act 2006 crc energy efficiency scheme display energy certificate energy act 2013 energy performance certificate fossil fuel levy low carbon building programme national industrial symbiosis programme non fossil fuel obligation planning act 2008 renewable heat incentive renewables obligation united kingdom climate change programme non governmental organisations charities and pressure groups ashden award bioregional campaign against climate change centre for alternative technology national energy action stop climate chaos tyndall centre industry bodies combined heat and power association energy institute energy networks association energy retail association green power forum renewableuk utilities intermediaries association research centre for renewable energy systems technology energy technologies institute hadley centre for climate prediction and research narec oil depletion analysis centre uk energy research centre energy conservation association for the conservation of energy british energy efficiency federation close the door campaign code for sustainable homes double glazing & conservatory ombudsman scheme ecohomes energy efficiency in british housing energy saving trust energy saving trust recommended greenhouse gas emissions htb national home energy rating category commons retrieved from https en.wikipedia.org 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