Noble Energy (NBL +1%) agrees to buy a 35% stake in in most of the Falkland Islands licenses of...

|About: Noble Energy, Inc. (NBL)|By:, SA News Editor

Noble Energy (NBL +1%) agrees to buy a 35% stake in in most of the Falkland Islands licenses of Falkland Oil & Gas (FLKOF.PK) for cash and funding from NBL for certain future drilling and exploration costs. Falkland estimates $180M-$230M in total investment from NBL over the next three years in the area that is said to contain up to 6.2B barrels of oil.