El pasado 12 de octubre, un vocero de FOGL
dijo a Radio 4 de la BBC de Londres que la plataforma maritima de las Malvinas podria contener reservas petroleras y minerales similares a las del Mar del Norte.
The counterparty would also pay its pro-rata share of certain historical costs incurred last year as FOGL was making preparations for drilling.
USD3m of the option fee will be offset against the first USD20m, while FOGL will retain the remaining USD3m.
2993 Rockhopper consideration stakes for every FOGL share.
By combining Rockhopper and FOGL, we shall create a more coherent licence ownership structure in the North Falkland Basin".
Under the agreed terms, FIH would not be able to dispose of FOGL
shares before 31 May 2012 without the approval of FOGL
On the date on which the Merger becomes effective (the "Effective Date"), the current shareholders of Rockhopper ("Rockhopper Shareholders") will own approximately 65 per cent of the Combined Group's issued share capital and FOGL Shareholders will own approximately 35 per cent.
The Merger requires approval by FOGL Shareholders in connection with the Scheme and approval by Rockhopper Shareholders in connection with the allotment of the Rockhopper Consideration Shares.
is fully carried through the costs of this well by Premier Oil and Rockhopper Exploration.
is completely carried through the expenses of this well by Premier Oil and Rockhopper Exploration.
5% stake in the PL004a and a 75% stake in the PL004c site, as such, FOGL
has cut its stake in both sites to 40%.
Following closing of the offer, FOGL
shareholders will own 60 per cent of the enlarged group's issued share capital, with Desire shareholders owning the remaining 40 per cent.