huntleys recommendation, page-6

Not great news I know, but it has given their shares a boost!


RNS Number:1027N
Falkland Oil and Gas Limited
03 June 2005


Falkland Oil and Gas Limited


Notification of shareholding

Falkland Oil and Gas Limited (the "Company") announces that the following major
shareholder acquired ordinary shares of 0.002p each in the Company pursuant to
the recent placing announced on 31 May 2005:

Shares Price % of issued Total holding % of issued share
acquired share capital following this
capital
notification

Falkland Island 2,352,941 85p 2.56% 16,802,941 18.31%
Holdings plc

The shares issued pursuant to the placing were today admitted to trading on AIM.

3 June 2005