Share Name Share Symbol Market Type Share ISIN Share Description
Faroe Petroleum LSE:FPM London Ordinary Share GB0033032904 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.00p +1.79% 114.00p 113.80p 114.20p 114.40p 113.00p 113.20p 1,608,683 16:29:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 94.8 -61.5 -10.5 - 417.97

Faroe Petroleum Share Discussion Threads

Showing 9276 to 9299 of 9300 messages
Chat Pages: 372  371  370  369  368  367  366  365  364  363  362  361  Older
DateSubjectAuthorDiscuss
16/1/2018
21:26
PGNiG is a new JV partner instead of DEA, which still shows on the Faroe website and on NPD. Centrica's name change to Spirit has gone through NPD database, but not the DEA->PGNiG asset transfer. It looks as if BASF-LetterOne(DEA) did not want it (?) and that FPM and Spirit also took 5 of DEA's 25%, but not pro rata unless it's a mistake. Confusing all the name changes. I'm also not sure if the Wintershall-DEA tie up is done now.
wbodger
16/1/2018
15:38
16 Jan 2018 Photo - see caption The Norwegian Petroleum Directorate (NPD) has granted Spirit Energy Norge a drilling permit for appraisal well 6506/9-4 S in production licence PL 433. Well 6506/9-4 S will be drilled from the Island Innovator drilling facility, at position 65°15'38.07" north and 6°42'35.69" east. The drilling rig is currently at quay in hot lay-up. Spirit Energy is the operator with an ownership interest of 51.7 per cent. The other licensees are Faroe Petroleum (28.3 per cent) and PGNiG (20 per cent). The area in this licence consists of a part of Block 6506/9 and a part of block 6506/12. The well will be drilled about 8 kms north of the Smørbukk field. Production licence PL 433 was awarded on 16 February 2007 in APA 2006 on the Norwegian shelf. This is the second well to be drilled within the licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing the drilling activity.
scaff55
16/1/2018
14:18
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that the Company's US$100m senior unsecured bond "Faroe Petroleum plc 8.00% Senior Unsecured Callable Open Bond Issue 2017/2023" with ISIN NO001 0811268 will be listed on the Nordic ABM on 17 January 2018. Danske Bank, DNB Markets and SEB acted as Joint Lead Managers and bookrunners for the bond issue. Pareto Securities, Sparebank 1 Markets and Stifel acted as Co-Lead Managers.
cwa1
16/1/2018
00:01
RedRossi, I don't think they have announced 2018 production guidance, I would expect them to do so when reporting 2017 results. I meant 2018 was likely to be a bit less than 2017. It seems to me that with a lot of Norway production still missing in 2018 because of Njord and remedial work on the Greater Ula hub and on Brage, they will do well to maintain or increase 2017's level. Guidance for 2017 was updated periodically, most recently in the November RNS, "Successful issue;$100m bond & updated presentation". In the Notes To Editors there is Full year average production for 2017, is estimated to be between 13,000-15,000 boepd. By dyor I was referring to the monthly figures put up by NPD, since Norway accounts for 4/5ths of production. Someone else posted about UK figures not long ago. I projected about 11,000 boepd from Norway in 2017, which would be consistent if UK production is around 3,000 boepd.
wbodger
15/1/2018
18:00
Brent now over $70 at 70.22! :-))
bountyhunter
12/1/2018
21:09
https://uk.advfn.com/stock-market/london/faroe-petroleum-FPM/share-news/Faroe-Petroleum-PLC-Recommencement-of-Tambar/76283207 Surely Tambar is back, and there is guidance for the year in this recent announcement.
rogerlin
12/1/2018
17:41
Thanks for your reply Wb, I'm hyper wary of stocks with large debts in comparison with their MC nowadays having been burnt more than once in the past when interest rates have turned, one good example being Oilexco and another in the telecoms sector being Telewest. PMO may well be different given their impressive production ramp up so long as they can repay the debt fast enough ahead of any future interest rate rises.
bountyhunter
12/1/2018
15:32
So I think boepd in 2018 might be guided a bit lower when the results come out, but dyor..... can you point out where 2018 guidance was announced?
redrossi
12/1/2018
12:44
bh, those were my exact thoughts when PMO was stubbornly trading around 64 and the PoO was already on the move, and the feeling on their bb was that PMO had issued convertibles which set up a short selling wheeze, which was holding the share price down. Accurate or complete bs (and I didn't know enough) during the extended Santa rally a lot of oilies moved, and most moved more than Faroe, especially as the PoO increase has reinforced the bright outlook. I did my figures on Faroe's production which showed that Trym produced a big share of Faroe's Norway output last year, and it should produce all this year and part of 2019. The field is partly on the Danish side, so there may be no tax rebate, although the Danes might charge less tax (anyone know?). The big producer in 2016 was Brage, which certainly produced less in 2017, and Hyme and Njord produced nothing. So getting Tambar back by Q3 will be important. One consequence of the unfortunate accident will be delay, but it is a minor inconvenience in the bigger picture, of course. So I think boepd in 2018 might be guided a bit lower when the results come out, but dyor. Finally an improving outlook should mean M&A activity, including divestment or exchange of any discoveries. I live in hope.
wbodger
12/1/2018
08:11
The POO has gone up of late, it may go down again. Faroe's interests seem to be developing nicely, Brasse may turn out to be a star. We are not in the Falkland Islands or in Solan and not grossly over-borrowed. There is much to be thankful for. I think that delay/cost overrun in the Njord refurbishment project might happen and of course there is always the surprise event, like people falling off rigs. It is a mercy that Faroe are not the operator at Tambar. But there is always the possibility of a decent strike at Hades or Fogelberg or perhaps more likely at Brasse extension.
rogerlin
11/1/2018
18:20
I've been looking at PMO - if interest rates rise isn't that £2.7 billion debt going to be a bit costly for PMO to pay interest on and significantly delay paying down the debt? I know that PMO are ramping up production but FPM is my preference due to lack of debt and their prospects including the possible wild card Delek interest.
bountyhunter
11/1/2018
18:08
I suppose in practice it means OMV will continue drilling down to Iris if the Hades reservoir is unpromising. So it could still go either way. But it is a while since drilling results had much correlation with share price movements. I'm getting really irritated that I did not act more decisively and dump Faroe two months ago, eat a small loss and put the funds into something safe like ... PMO. Premier Oil ??? I hear you ask, aghast. There are times in the oil patch when staying with a solid conservatively-run, solvent company is exactly the wrong move, better to pick something previously on its knees, pray for divine intervention and go all-in on a recovery in PoO. Ruefully, good luck to anyone who did better than me !!
wbodger
11/1/2018
15:35
Has this been re-rated?
uncertain times
11/1/2018
08:16
The well will target two formations, one in the Cretaceous and the other in the Jurassic.The Cretaceous Hades prospect is a closure on the flank of the Sklinna Ridge, with the Jurassic Iris prospect located directly underneath, within a rotated fault block. Two targets so it might take longer?
rogerlin
10/1/2018
21:53
Aerosmith-Iris is nearing halfway. Guidance was 90 days from a spud date of 29/11. Usually dusters have been announced well within three weeks of spud. Looks like there was late trading, perhaps accounting for the 3 pence rise on the day. I suppose most likely to be PoO driven, but intriguing nevertheless, with drilling underway. FPM has 20% of Iris. Good day for oilies probably explains it. Fogelberg rig (Island Innovator) might be moving next week. To start around 18/1 ? Centrica is the operator.
wbodger
10/1/2018
07:49
Brent chart updated, current price is $69.12
bountyhunter
09/1/2018
23:14
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moneymakerlondon
09/1/2018
16:45
Spoke too soon!!
dahhad
09/1/2018
08:52
Great to see this getting some pace!
dahhad
08/1/2018
09:08
Appears Peel Hunt have upgraded their target price from 115 to 125p I have no details TD
thedudie
04/1/2018
09:17
FPM should be nearer 110p given the POO currently.
oli12
03/1/2018
08:31
https://www.rigzone.com/news/rig_trends_a_glint_of_light_in_the_north_sea_rig_market-22-dec-2017-152927-article/ Brief mention of Njord project in this. One day of course industry costs will go up again.
rogerlin
02/1/2018
19:33
"As 2017 draws to a close, Faroe Petroleum is in a good place, with a fully funded investment programme, a strong balance sheet, a number of high quality development projects underway to meet our production goals. We also look forward to another high impact exploration programme in 2018, starting with the OMV-operated Aerosmith/Hades well, currently drilling in Norway". Graham Stewart CEO on 19.12.17. Seems optimistic, better than "challenging" anyway.
rogerlin
31/12/2017
22:39
Any ideas where we're headed next year please? Fundamentals look sound and commodities a rising sector. Chart looks like a possible break to 120.
uncertain times
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