Last $0.51 USD
Change Today -0.0045 / -0.88%
Volume 2.4K
FLKOF On Other Exchanges
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As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

falkland oil & gas ltd (FLKOF) Snapshot

Open
$0.51
Previous Close
$0.51
Day High
$0.51
Day Low
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52 Week High
09/3/14 - $0.56
52 Week Low
12/17/13 - $0.38
Market Cap
269.7M
Average Volume 10 Days
6.6K
EPS TTM
--
Shares Outstanding
533.5M
EX-Date
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P/E TM
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Dividend
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Dividend Yield
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Current Stock Chart for FALKLAND OIL & GAS LTD (FLKOF)

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falkland oil & gas ltd (FLKOF) Details

Falkland Oil and Gas Limited explores for offshore oil and gas properties in Falkland Basins. The company operates through two segments, North Basin and South Basin. It holds licenses that cover the north, south, and east Falkland Basins. The company was incorporated in 2004 and is headquartered in London, the United Kingdom.

3 Employees
Last Reported Date: 05/19/14
Founded in 2004

falkland oil & gas ltd (FLKOF) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: 456.0K GBP
Exploration Director and Director
Total Annual Compensation: 402.0K GBP
Compensation as of Fiscal Year 2013.

falkland oil & gas ltd (FLKOF) Key Developments

Falkland Oil and Gas Ltd. Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

Falkland Oil and Gas Ltd. reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported loss from operations was $2,188,000 against $1,836,000 a year ago. Loss before tax was $1,295,000 against $941,000 a year ago. Loss for the period was $1,295,000 against $941,000 a year ago. Basic and diluted loss per share was 0.24 cents against 0.29 cents a year ago. Net cash flow from operations was $1,546,000 against $1,345,000 a year ago. Exploration & evaluation expenditure were $22,435,000 against $75,873,000 a year ago. Other capital expenditure was $358,000 against $16,000 a year ago.

Falkland Oil and Gas Ltd. Signs Rig Contract

Falkland Oil and Gas Ltd. announced the signing of a rig contract. On June 3, 2014 Premier Oil plc signed a contract for a dynamically positioned, harsh environment semi-submersible drilling rig. In addition, several other related contracts have also been entered into and these include a rig sharing agreement with FOGL's partner Noble Energy Falklands Limited. The rig will be mobilised to the Falkland Islands to commence the drilling programme in late Q1/early Second Quarter 2015. This will comprise a minimum of six firm wells; four wells operated by Premier and two operated by Noble. A number of option slots have been secured which will facilitate additional drilling. These comprise eight options that can be exercised prior to the rig being mobilised and up to eight further options that can be elected during the drilling campaign. The currently envisaged drilling schedule consists of two wells in the North Falkland Basin operated by Premier, followed by two wells in the South & East Falkland basin operated by Noble and then a further two Premier operated wells in the North Falkland Basin. The total firm programme is expected to have a duration of some 240 days, excluding mobilisation. FOGL will participate in three wells in the North Falkland Basin on the Zebedee, Jayne East and Isobel Deep prospects with a material, 40% interest in each of these wells. The prospects are all located in licence PL004 to the south and east of the Sea Lion field. The drilling location for each of these prospects has now been agreed by the joint venture partners. FOGL estimates that the three prospects have combined prospective resources (recoverable oil) net to FOGL of over 200 million barrels. In the South and East Falkland Basin FOGL will participate in two Noble-operated wells. Prospect identification, based on the recent 3D surveys is ongoing and will continue into the summer of 2014.

Falkland Oil and Gas Ltd. Reports Audited Consolidated Earnings Results for the Ended December 31, 2013

Falkland Oil and Gas Ltd. reported audited consolidated earnings results for the ended December 31, 2013. For the year, the company reported loss for the year before taxation of $4,005,000 against $1,051,000 a year ago. Loss for the year attributable to the equity holders of the parent was $4,005,000 against profit for the year attributable to the equity holders of the parent of $1,051,000 a year ago. Loss for the year per ordinary share – basic and diluted was 0.94 cents against 0.33 cents a year ago. Net cash flows used in operating activities was $8,310,000 against $2,071,000 a year ago. Purchases of property, plant and equipment was $8,140,000 against $24,000 a year ago. Expenditure in respect of intangible assets was $45,880,000 against $24,801,000 a year ago.

 

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