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
  +4.20p +2.79% 154.60p 155.80p 156.20p 156.20p 150.20p 151.00p 1,353,933 16:35:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 152.9 -13.7 -3.1 - 576.49

Faroe Petroleum Share Discussion Threads

Showing 9951 to 9974 of 9975 messages
Chat Pages: 399  398  397  396  395  394  393  392  391  390  389  388  Older
DateSubjectAuthorDiscuss
14/10/2018
12:02
4 rig move Tugs for Arctic repositioned to Slovak - ops may start tomorrow. Edit: 15/10 Rig move operations underway.
xxnjr1
11/10/2018
10:34
HTTP://www.edisoninvestmentresearch.com/edison-tv/clip/bitesize-briefing-faroe-petroleum
mirabeau
11/10/2018
10:18
Just revisited Lundin's Feb 2018 Capital Markets Day Webcast wrt Korpfjell. Next K well will be drilling deeper, down to about 4000m, through a series of stacked potential reservoirs. No mention of oil. Just that they found gas before.
xxnjr1
11/10/2018
08:37
The Barents Sea has been disappointing for Norway so far. It took a while for them to unlock the North Sea too though, so you never know
vikingbhoy
11/10/2018
07:55
Faroe had stakes in Darwin, Kvalross and Bone as I recall. There was also a Dazzler but I think that might have been renamed Bone, they tend to be called after marine mammals in the Barents. As I understand it the point about Korpfjell was that it was hoped to be enormous and is the most easterly prospect near large Russian gas discoveries. My reading of it is that Faroe won't be going back to the Barents but what DNO's plans are is another matter.
rogerlin
10/10/2018
17:45
Thanks rogerlin - so Korpfjell was a small stranded Gas discovery then. I believe the deeper target(s) are thought to be oil. FPM's strategy makes sense. Horses for Courses. Lundin have the balance sheet, reserves and production to support a more aggressive frontier campaign in the Barents Sea. Smaller to medium targets close to infrastructure sounds good to me for Faroe.
xxnjr1
10/10/2018
16:31
https://www.lundin-petroleum.com/small-gas-discovery-korpfjell-prospect-southeastern-barents-sea/ Lundin have always been big believers in the Barents. Faroe have been involved in from memory three drills, all unsuccessful. Many of the targets are gas and there is no infrastructure, I think FPM have decided to go for smaller targets close to existing fields.
rogerlin
10/10/2018
09:13
(upstream headline)..... "Chevron has sold its 20% stake in the highly-touted Korpfjell license to Norwegian player DNO, leaving the US supermajor with no assets in Norway....." As far as I can recall, Korpfjell is in the Barents Sea. A shallow prospect was drilled on Korpfjell in recent times but was a duster. Partnership coming back to drill very material multiple prospects underlying previous duster. Likely to be an expensive high impact well. Shows DNO serious about bulking up in Norway.
xxnjr1
09/10/2018
16:49
Can anyone explain to me how they seem to think that £2/share would be a fair price for this company. This values its assets and potential earnings at around £800 million. Are they having a laugh! In 2 years time they will be throwing out cash at a rate of $1m/day minimum. So in 2 years DNO will have a company basically for nothing . This is not Dragons Den where some rich businessman/woman comes along and steals the company from under our noses.
jasper2712
09/10/2018
16:37
Westshore list tugs to move the Transocean Arctic, next stop Rungne.
rogerlin
09/10/2018
09:15
Hi Harry and all. 200p? I'd take that. Happy with the way Faroe is run these days. That hunting of elephants in the Barents is behind us. I continue to hold, trading a few on occasions for some excitement. Talking of which, my Serica holding is looking a lot more cheerie this morning. Very happy with that. I presume DNO have been given some sort of indicative figure by Faroe/its other major shareholders, and it's considered 'too high'. Danger for DNO is that more success by Faroe makes that indicative figure look reasonable value but, of course, the ask goes up then too. It's a game of cat and mouse.
ed 123
09/10/2018
09:09
"We've chosen to invest heavily in Norway because of many things, but its fiscal stability is one of those things. The UK and its instability from a fiscal perspective is a massive detractor and will be for others,” says the CEO of Faroe Petroleum, Graham Stewart. The picture for this part of the oil world, in other words, remains mixed. hxxps://oilprice.com/Energy/Crude-Oil/North-Sea-Oil-Renaissance-Could-Flop.html
wbodger
09/10/2018
09:07
180p would look very cheap from here given the current PoO. On that front 20p pullback looks very heavy with Brent edging closer to $85 again.
greenroom78
09/10/2018
07:00
Ed123I still think 200p is at this point is a reasonable offer. I expect the share price to recover from yesterday's close and with any exploration success this could be back to the highs of a few days ago. The longer DNO take to make a bit the greater possibility that a rival may appear and then who knows where we will finish up. Still holding and hopeful all of course IMHO
harry rags
08/10/2018
17:00
I think there is a deal to be done here. DNO want the geographic diversification, have made a sizeable commitment, and have the cash for the other 71%. Faroe's institutional holders have (mostly?) experienced $26 oil and a Faroe shareprice of 45p. Will the likes of Blackrock want to risk holding through another trough? Eg. if the Saudis heed Trumps's call and manouvre the oil price lower?
ed 123
08/10/2018
16:49
Yes, I don't think Agar/Plantain is going to move the needle much. Down another 7p or a little under 5% today. Now down 20p from its high point of a few days ago. Some of the hot money which had been expecting a bid on the 6 month anniversary, leaving? If the share price falls a bit more it might help to get a deal over the line? Perhaps a 30p bid premium if the price falls to 150p? Might 180p get the nod from one or two major holders and DNO?
ed 123
08/10/2018
09:01
I think at the CNE interims Q and A (11th Sept) they mentioned tophole problems but that is some time ago, not doom and gloom, there are often delays!
rogerlin
05/10/2018
19:56
Catalyst confirmed that the Plantain exploration well spud at approximately 6:00pm on 24 August 2018 The well is expected to take approximately 28 to 38 days to complete The Plantain well will be followed by a contingent side-track to appraise the discovered Agar field. The results will be announced on completion of drilling operations. So they are not behind with their drilling operations - Why all the doom and gloom? Think positive
jasper2712
05/10/2018
18:51
No indeed that was a low point, with luck Agar/Plantain will be a success and hopefully we will be kept better informed with Azinor as operator, at least the problems to date are already up front.
rogerlin
05/10/2018
13:42
No! But I've just looked those wells up rogerlin. Hopefully Agar/Plaintain won't be that bad.
xxnjr1
05/10/2018
08:17
Remember the Stena Carron? Lagavulin Oct 10 to Jun 11 and North Uist Mar 12 to Jan 13.
rogerlin
04/10/2018
23:15
sounds like the well from hell. spud 24/8, re-spud 4/9, re-spud 23/9.
xxnjr1
04/10/2018
20:16
Agar/Plaintain looks to be a little while yet - it re-spudded on 4th then again on 23rd September according to … HTTPS://www.energyvoice.com/oilandgas/182721/well-slot-active-wells-and-completions-in-westwood-report-to-month-end/ td
thedudie
04/10/2018
20:16
Agar/Plaintain looks to be a little while yet - it re-spudded on 4th then again on 23rd September according to … HTTPS://www.energyvoice.com/oilandgas/182721/well-slot-active-wells-and-completions-in-westwood-report-to-month-end/ td
thedudie
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