Falklands : FOGL: Full Time Exploration Manager Appointed
Submitted by Falkland Islands News Network (Juanita Brock) 07.04.2005 (Article Archived on 21.04.2005)
Falkland Oil and Gas Limited (“FOGL”) announces the appointment of Patrick Bird as
Exploration Manager.
Exploration Update &
Appointment of Full Time Exploration Manager
Falkland Oil and Gas Limited (“FOGL”) announces the appointment of Patrick Bird as
Exploration Manager.
Patrick (46) has twenty-four years experience of the oil and gas industry. For the past eight
years he was been working for Premier Oil fulfilling various roles including: Exploration
Manager – Pakistan; General Manager Exploration – UK; and CEO Premier Kufpec – Pakistan.
He has previously held exploration roles at Dragon Oil and at Scott Pickford, a consultancy
specialising in geology, geophysics and petroleum engineering analyses. He began his career
as a petroleum engineer for Shell International in 1981.
Patrick replaces Jim Webb who had been acting as project manager for FOGL on a part-time
basis. It is now clear that FOGL requires a full time exploration manager and Jim felt unable
to commit to a full-time role.
Exploration Update
FOGL is currently undertaking a 10,000km 2D seismic survey over its licence areas. It
announced on 17 February, when the survey was 50% completed, that the early processed
results had provided further information on the 8 leads referred to in the AIM Listing
Prospectus, as well as identifying several additional leads which could warrant further work.
Overall, the indications for the data were encouraging.
Now with some 80% of the survey completed, it is evident that there are several different
play types (tilted fault blocks, rollovers, channels, seafloor fans, basement onlap) each with
several leads. It is particularly encouraging that possible Direct Hydrocarbon Indicators
(DHI's - which can be due to rock effects as well as oil and gas) are associated with a number
of the leads – and these DHI's could be indicative of a working petroleum system.
John Armstrong, Executive Chairman of FOGL, said:
“ Although it is still too early to be definitive, the indications to date are
encouraging; we have identified additional leads in the original licence area as
well as a number of new leads in the licence area awarded to FOGL in December
2004. As a result, FOGL has many more opportunities than originally anticipated.
Further 2D and 3D seismic programs, and possibly an Electromagnetic Survey, will be needed to fully evaluate the play types and leads to define prospects for
drilling. The fully processed and interpreted results of the entire survey are
expected to be available in the third quarter.
T he appointment of a full time exploration manager with extensive experience is
testament to FOGL’s development and circumstances. Patrick’s appointment will
help to ensure that we have the capability to properly assess and investigate all of the opportunities that are emerging from the current 2D seismic survey.
I would like to thank Jim for his valuable contribution to FOGL in its first year,
particularly during the IPO process. I wish him the best for the future.”
7 April 2005
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