Falkland Islands Gov’t Approves FOGL, Desire Transaction

FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, has informed that pursuant to the “Shareholder Approval” announcement issued on the 15th November, the Company has now received official approval from the Government of the Falkland Islands for its proposed recommended Combination with Desire Petroleum.

The closing of the Combination remains subject to the satisfaction or (if capable of waiver) waiver of the remaining Conditions, including the sanction of the Scheme and confirmation of the associated capital reduction by the High Court of Justice of England and Wales.

The date of the Court hearing to sanction the Scheme and confirm the reduction of capital of Desire is expected to be 5 December 2013.

Terms and expressions used in this announcement shall, unless the context otherwise requires, have the same meanings as given to them in the FOGL Circular sent to the shareholders of FOGL on 23 October 2013.

Related:  FOGL, Desire Petroleum Join Forces (Falkland Islands)

Press Release, November 28, 2013

 

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply