Humpback results due early October, anticipation of a successful well will see the share price rise considerably.
Under an amendment to the farm-out agreement FOGL will receive US$10 million from Premier Oil and Rockhopper Exploration in compensation for not drilling the Jayne East well. FOGL will be fully carried through its 40% equity share of the well costs, as per the original farm-out agreement. There is an ongoing insurance claim with respect to the 14/20-1 Isobel Deep well and FOGL will be party to this claim.
I have seen convincing proof on the scientific site independent.academia.edu that the Falklands will hit massive multiple add on barrels of oil in the successful southern basin, and it only takes " humpy" to strike a giant 500 million barrels next week to prove it.