tamdee
19 Jul 2017
Re: Drip, drip manipulated to death but l am sure they will have there own reasons for doing it Alibi 8 We will just have to wait till abit of honesty returns ?
Alibi 8
19 Jul 2017
Drip, drip Anyone know why Faroe is slipping back? Even the possible reversal of the OP fall doesn't seem to have arrested the fall. A sound company with good assets so what's the reason behind it? I'm tempted to buy some more but I've been caught out before - however the sound finances of this company make me fairly confident of ultimate success. No debt, no bondholders. Is somebody stakebuilding?
Disorder
04 Jul 2017
Cheap? Last time Brent Crude was this price Faroe were at 98pWhat has changed other than a month passing by and the sp dropping to this level?Well we have had the excellent Brasse appraisal preliminary results.The Brasse stem test results.The (Phenomenally good) operational update.The Staoil news regards Njord and BaugeAll of this on the back of Delek increasing their holding.Sometimes the markets (or rather the ones deciding on direction of the markets) confuses me somewhat.
Disorder
03 Jul 2017
Re: DST Maybe when folk realise Oil will never become uncomercial, despite press best efforts trying to suggest it may.... 
To much dependancy on poo in my opinion.To many scared off by eratic movements.Should be a case of good enough for Delek, good enough for us.
MarchingStag
03 Jul 2017
Re: DST DST results in. Great result and Brasse considered to be a prolific reservoir with excellent quality crude. Now for side track. Question is when will the share price reflect the news...
tamdee
30 Jun 2017
Re: DST Hub I think it took just over 1 month to give us the result of DST at PIL over 6000 flow rate,so maybe next week.
Hub
30 Jun 2017
DST Taking longer than I expected.Fingers crossed they get a decent flow rate as 'no flow rate' will not help at all.HUB
Disorder
22 Jun 2017
ANALysts (Another BUY rating) Faroe Petroleum PLC (LON:FPM) Stock Rating Reconfirmed at Peel Hunt; The GBX 115.00 Target Indicates 31.43% Potential; June 21, 2017 - Henry GastonIn analysts note revealed to clients on 21 June, Faroe Petroleum PLC (LON:FPM) stock Buy was restate by Analysts at Peel Hunt. They currently have a GBX 115.00 target price on the stock. Peel Hunt’s target price would indicate a potential upside of 31.43% from the company’s current stock price..Among 13 analysts covering Faroe Petroleum (LON:FPM), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Faroe Petroleum has GBX 142 highest and GBX 58 lowest target. GBX 105’s average target is 20.00% above currents GBX 87.5 stock price. Faroe Petroleum had 97 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Faroe Petroleum plc (LON:FPM) has “Buy” rating given on Friday, June 9 by Peel Hunt. The firm earned “Buy” rating on Friday, September 11 by Cantor Fitzgerald. The stock of Faroe Petroleum plc (LON:FPM) earned “Buy” rating by Peel Hunt on Thursday, June 16. The firm earned “Hold” rating on Thursday, March 31 by Liberum Capital. Canaccord Genuity maintained Faroe Petroleum plc (LON:FPM) rating on Tuesday, July 21. Canaccord Genuity has “Buy” rating and GBX 110 target. The firm earned “Hold” rating on Wednesday, February 24 by Liberum Capital. The firm has “Hold” rating given on Wednesday, June 29 by Liberum Capital. Canaccord Genuity upgraded it to “Buy” rating and GBX 90 target in Tuesday, January 19 report. On Thursday, September 22 the stock rating was maintained by Canaccord Genuity with “Buy”. The stock of Faroe Petroleum plc (LON:FPM) has “Equal Weight” rating given on Wednesday, March 30 by Barclays Capital.Faroe Petroleum plc is an oil and gas company. The company has market cap of 320.75 million GBP. The Firm is focused on exploration, appraisal and production opportunities in Norway and the United Kingdom. It currently has negative earnings. The Company’s portfolio consists of approximately 60 exploration, appraisal, development and production licenses in the West of Shetland, the North Sea, Norwegian Sea, Barents Sea and the Celtic Sea.
Disorder
21 Jun 2017
Shareholders. Makes for interesting reading.[link] Opinion = Strong Buy
Disorder
21 Jun 2017
FPM: (Statoil) Update. I believe people (PI's) should be buying.Instead (I suspect because of poo drop) they have been selling.. Todays FPM Update:Faroe Petroleum PLCStatoil announcement regarding Njord and BaugeRNS Number : 6654IFaroe Petroleum PLC21 June 2017 21 June 2017 Faroe Petroleum plc ("Faroe", "Faroe Petroleum", the "Company"
Statoil Press Announcement regarding plans for development and operation ("PDO" of Njord and BaugeFaroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, notes Statoil's press announcement of 20 June 2017 regarding PDO of Njord and Bauge in the Norwegian North Sea. Graham Stewart, Chief Executive of Faroe Petroleum commented: "Faroe are delighted at the efficient progress Statoil is making with this important project. The economics of this project remain very attractive and will make a significant contribution towards Faroe's planned production and cash flow growth. We have a material and strategic position in the Greater Njord Area through our working interests in the Njord, Hyme and Bauge fields (Faroe 7.5%), as well as the neighbouring Fenja (formerly Pil and Bue) field (Faroe 25%), which are to be tied in subsea to the Njord field host." Statoil announcement: "The plans for development and operation of Njord and Bauge in the Norwegian Sea have now been approved by the authorities. The Njord A platform and the Njord Bravo floating storage and offloading vessel (FSO) will be upgraded to recover the remaining resources in the Njord and Hyme fields, whereas Bauge is a new field development to be tied in to the Njord A platform. "We are pleased that the authorities have now approved the plans for Njord and Bauge, two important fields on the Norwegian continental shelf. The investments, totalling NOK 20 billion, will trigger high activities and spin-offs for the Norwegian society and Norwegian supply industry," says Torger Rød, Statoil's head of project development in Statoil. The remaining resources on the Njord and Hyme field total 175 million barrels of oil equivalent. This corresponds to the reserves produced from the Njord field since first oil in in 1997. In addition, 73 million barrels of oil equivalent will be produced from Bauge. On behalf of the partnerships in the Njord, Hyme and Bauge licences plans for the development and operation of the Njord and Bauge fields were submitted to Norwegian authorities on 27 March this year. The original PDO for the Njord field was submitted more than 20 years ago. The field will now produce for another twenty years, and the partnership has decided to upgrade and reuse both the Njord A platform and the Njord Bravo FSO. The Bauge field development concept includes one subsea template, two oil producers and one water inject "Kværner at Stord has been awarded the contract for upgrading the platform and work facilitating the tie-in of Bauge and potential future third-party tie-ins," says Rød. "Njord remaining on stream until 2040 is important for our specialist communities in Kristiansund and Stjørdal, as well as the mid-Norway supply industry. An upgraded field centre and new infrastructure at Njord also allows for the development of other fields in the area," says Siri Espedal Kindem, senior vice president, Operations North, Development and Production Norway. Next year the Njord partners will award the contract for upgrading the Njord Bravo FSO. First oil is scheduled for the end of 2020."
Disorder
20 Jun 2017
Operational Update. Faroe Petroleum plc("Faroe", "Faroe Petroleum", the "Company" 2017 Annual General Meeting Operational Update Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, is pleased to provide an operational update ahead of its Annual General Meeting later today. HIGHLIGHTS Production· Strong Production: averaged 15,100 boepd for the period from 1 January to 31 May 2017 Finances and balance sheet· Cash increased: to £113.8 million (unaudited) at 19 June 2017 from £96.8 million 31 December 2016· Undrawn RBL facility: Faroe has an undrawn reserves based lending credit facility ("RBL" of $250 million (plus $100 million accordion) Development and projects· Oda PDO approved: Plan for the Development and Operation ("PDO" for Oda approved by the Norwegian Ministry of Petroleum triggering cash compensation payments to Faroe estimated to be £14 million net in 2017 and 2018· Njord Future and Bauge PDOs: PDO approval from the Norwegian Ministry of Petroleum expected shortly; projects progressing to plan· Tambar infill and gas lift project on track: in-fill drilling and gas lift installation project was approved in March; main contracts awarded and the project is underway to boost production from 2018 onwards· Brage infill drilling underway: the drilling of the first of two production wells has commenced Exploration and appraisal· Brasse appraisal progressing well: drill stem production test underway and results expected shortlyTwo additional E&A wells committed: drilling programme progressing / developing with two new E&A wells, both benefit from 78% Norwegian tax rebateo Goanna exploration well committed with full carry to Faroe at 30% WI ("Working Interest": committed to drill the Goanna exploration well; spud expected Q4 2017o Fogelberg appraisal well committed: appraisal well to be drilled on Fogelberg with 33% WI; spud expected late 2017 or early 2018· East Corrib farm out for full carry at 20% WI: Irish Ministerial approval granted for a farmout to Nexen of licence 16/23, West of Ireland ProductionGroup production averaged approximately 15,100 boepd in the period from 1 January to 31 May 2017, with better than forecast performance from the main producing fields in the portfolio. The average operating cost per barrel of oil equivalent for producing fields for the same period was approximately US$25. Average production guidance for the year remains at 13,000 to 15,000 boepd reflecting various forecast shutdowns to enable production enhancing work to be undertaken. A review of this guidance will be undertaken following the summer maintenance period. Finances and balance sheetCash: cash increased to £113.8 million (unaudited) at 19 June 2017 from £96.8 million at 31 December 2016 Credit facilities: other than the revolving Norwegian credit facility, funded by the tax rebate, Faroe remains debt-free: Faroe has an undrawn RBL credit facility of $250 million plus a $100 million accordion. Committed projects financed: prudent financial management combined with strong production and improved commodity prices ensures that the Company remains fully financed for its committed projects. Development and projectsOda: in May 2017, the Partners in the Oda development received PDO approval of the Oda field (licence PL 405) from the Norwegian Ministry of Petroleum and Energy. The Oda field (Faroe 15%) in the Norwegian North Sea, will be developed via a four-slot seabed template with two production wells, and one water injection well, which will tie back to the Ula platform (Faroe 20%), located approximately 13 kilometres to the east. The Oda subsea tie-in will connect to the existing pipeline between Oselvar (Faroe 55% and o
Disorder
19 Jun 2017
Delek Do we see interest building sooner rather than later?There is no doubt that with depressed oil prices and depressed company valuations that Deleks move could certainly be considered to be at the right time.How long and how much more stake building until the cards are shown?
Disorder
16 Jun 2017
Re: Big drop today Loving Delek interest increase.Good enough for them certainly good enough for me.47510 added.Missed the low points earlier in the week, but wanted a little sign to alay any concerns.
Alibi 8
16 Jun 2017
Re: Watch out - Delek about! Let's hope for a bidding war...
cosmos
15 Jun 2017
NB: surprisingly mild reaction from the share price to the news, which I think supports the theory that any premium will not be outrageous here. Or worse that the market thinks the main event is still some time away. Let's hope Mr Market is wrong
