Offshore Falklands merger a step closer

Falkland Oil & Gas Ltd. (FOGL) has approval from the government of the Falkland Islands for its proposed combination with Desire Petroleum.

Offshore staff

LONDONFalkland Oil & Gas Ltd. (FOGL) has approval from the government of the Falkland Islands for its proposed combination with Desire Petroleum.

Closure remains subject to sanction and confirmation of the associated capital reduction of Desire by the High Court of Justice of England and Wales. The hearing for this will likely take place on Thursday, Dec. 5.

12/2/2013

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