FOGL report the execution of a farm-out agreement with Noble Energy Falklands Limited (Noble), an affiliate of Noble Energy, Inc., a leading global exploration and production company. The license position consists of 40,000 square kilometers (10 million acres).

Noble will farm-in to the Northern Area Licences for a 35% interest except for two excluded areas. FOGL will continue as operator of the entire Northern Area Licences until early 2013, when operatorship of the farm-in area will be transferred to Noble.

Tags: Falkland Oil and Gas Limited