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Falklands' oil industry deal: Rockhopper will take over FOGL for £57.1m

Wednesday, November 25th 2015 - 07:50 UTC
Full article 9 comments

Falkland Islands oil & gas explorer Rockhopper Exploration is launching a £57.1mln takeover of rival Falkland Oil & Gas. Rockhopper and FOGL have agreed a recommended all-share merger resulting in Rockhopper holding 65% of the enlarged group and FOGL owning the rest. Read full article

Comments

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  • golfcronie

    It's a merger not a takeover.

    Nov 25th, 2015 - 10:15 am - Link - Report abuse 0
  • copland

    It IS a takeover and on the present terms, FOGL shareholders have been well and truly shafted!

    Nov 25th, 2015 - 02:47 pm - Link - Report abuse 0
  • golfcronie

    Have you actually read the announcement by Rockhopper and Falkland oil and gas. They are merging 1 share of FOGL is .2993 for 1 RKH share. If it was a buyout they would have to say so.

    Nov 25th, 2015 - 03:18 pm - Link - Report abuse 0
  • copland

    We're talking semantics here! As a very long term shareholder of FOGL I have indeed read the full RNS announcement in detail and consider, with a lot of others, that this deal has been engineered to sell out FOGL at the lowest price in its history. We feel that there is information available which would have enhanced the FOGL share price and given a much better deal for their shareholders rather than the paltry terms that now exist. What has gone on behind the scenes here is unknown but many of us think the whole deal stinks and the value to shareholders has been the least of the BOD's concerns.
    I will not enter any further discussion on this board as it is being fully aired on the FOGL discussion board on www.lse.uk and others.

    Nov 25th, 2015 - 04:11 pm - Link - Report abuse 0
  • golfcronie

    No problem I have shares in Fogl, Rkh and Premier.

    Nov 25th, 2015 - 10:25 pm - Link - Report abuse 0
  • Think

    TWIMC

    16 November...:
    Rockflopper Exploitation...: 35 pennies...
    Falkland Oil? & Gaaaaas...: 10 pennies...
    B&S (Bullllllllll &Shiat)...: 1.98 pennies...
    Arghhhhos Resources...: 6.25 pennies...

    Today, 26 November...:
    Rockflopper Exploitation...: 34 pennies...
    Falkland Oil? & Gaaaaas (defunct)...: 9.92 pennies...
    B&S (Bullllllllll & Shiat)...: 1.88 pennies...
    Arghhhhos Resources...: 5.88pennies...

    Imploding it is, indeed, that South Atlantic Pirate Mississippi Bubble...
    Chuckle chuckle

    Nov 25th, 2015 - 10:59 pm - Link - Report abuse 0
  • Benson

    Obsession is never a good thing Think.

    Nov 28th, 2015 - 02:08 pm - Link - Report abuse 0
  • Think

    (7) Watson Jr.
    You call it obsession...?
    I call it a sound interest in my Country's geopolitical affairs...!

    Nov 28th, 2015 - 04:06 pm - Link - Report abuse 0
  • Pete Bog

    @8 Think

    If it's your country, why have there been no arrests of the naughty oilmen then?

    It's been soooooo long since 2010 (or whenever it was that your country promised to arrest the oil executives).

    How long must we wait?

    Nov 30th, 2015 - 07:52 pm - Link - Report abuse 0

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