Acquisition of Desire Petroleum by Falklands Oil and Gas

BDO acted as reporting accountant for Falklands Oil and Gas Plc on their £61m acquisition of Desire Petroleum Plc in October 2013.  Both companies are listed on AIM and hold oil and gas assets in the Falkland Islands. FOG holds licences in the south and sought the acquisition of Desire in order to gain access to Desire’s oil-producing assets in the north.