Falkland Oil and Gas begins 3D seismic survey

Falkland Oil and Gas has reported that it is starting a 3D seismic survey programme on the southern area licences covering a minimum area of 4,000 square kilometres.

The programme is set to take about four months to complete.

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The second 3D survey is expected to commence in the first quarter of 2013.

Tim Bushell, Chief Executive of FOGL, said: "We are pleased to announce the start of a very important 3D seismic survey programme, which marks the continuation of our exploration activities. The 3D seismic will be invaluable for identifying future drilling targets, locating good quality reservoir and differentiating oil from gas prospects."

The share price was unmoved at 10:30.

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