FOGL Spuds Humpback Well

Falkland Oil and Gas Limited (FOGL) announced Monday that the Humpback exploration well, offshore the Falkland Islands, was spud on June 13, 2015.

Located in license PL012, which FOGL holds a 52.5 percent working interest in, the well will test multiple stacked reservoirs within the Cretaceous Diomedea fan complex. Expected to reach a total depth of 17,552 feet, the Humpback well will take approximately 65 days to drill, according to FOGL.

FOGL CEO Tim Bushell commented in a company statement:

"The Humpback well is the exciting first test of a new geological play concept within the South and East Falkland basins. In the event of encouraging results, we have identified, on 3D seismic, multiple follow-up prospects."

The Humpback prospect is located within a cluster of similar prospects, in the Fitzroy sub-basin, which have a total, combined, prospective resource of over one billion barrels of oil. FOGL’s latest news follows an announcement by Tim Bushell on June 5 that the Humpback well would be spud within two weeks.



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