Investments
Falkland Oil and Gas Limited (8.2% owned by FIH)
For many years there has been speculation that the waters around the islands may contain large reserves of oil and gas. Falkland Oil and Gas is carrying out seismic surveys across thousands of square miles of seabed, mainly to the south and east of the islands.
FIH sold 3m shares, or a fifth of its holdings in FOGL, in November 2009 for £3.6m, making a profit after tax of £3.1m.
Read more about this topic: Falkland Islands Holdings
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“In youth, love and art. In age, investments and antiques.”
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