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
  +2.80p +1.89% 150.80p 148.60p 150.20p 151.00p 150.80p 151.00p 2,499 08:02:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 152.9 -13.7 -3.1 - 552.90

Faroe Petroleum Share Discussion Threads

Showing 9576 to 9596 of 9600 messages
Chat Pages: 384  383  382  381  380  379  378  377  376  375  374  373  Older
DateSubjectAuthorDiscuss
23/5/2018
07:37
This company just goes from strength to strength! Also at the end of the RNS... "Meantime we await results of the ongoing side-track and potential flow testing operations at the Fogelberg field. We are also preparing for drilling of the exciting, high impact Faroe-operated Rungne exploration well, our next exploration well, scheduled to spud in late summer."
bountyhunter
23/5/2018
07:17
Brasse East well confirmed for Q4 2018. Surprised they have a slot so soon .... but great news! http://uk.advfn.com/stock-market/london/faroe-petroleum-FPM/share-news/Faroe-Petroleum-PLC-Brasse-East-Well-Commitment/77496061
thedudie
21/5/2018
17:20
Some really chunky buys near the end of the day 2 over £570000 and other very respectable buys.Someone upping their stake?
tom111
18/5/2018
21:39
I'm in step in both HURand FPM, as well as other oilers. FPM has performed well recently and the opportunity still exists here for gain.The current oil price and recent share moves makes me wonder whether I should top up, but dithering about it has meant I have missed out quite a bit already!
hopeful holder
18/5/2018
18:07
Hi telbap as Malcy said this is probably the best run company out of his bucket list.I bought just before and after the DNO 28% plus holding was purchasedI suggest you just run through the RNS list to get a better understanding of what is happening here.There is a lot of talk that the company will be taken over.HUR is a great company but they have someway to go yet before production.This company is benefiting from the oil price rise immediately and is a growing company.As I said before just do your homework.You will find this is a very quiet board compared to others,no bad thing.GL
tom111
18/5/2018
17:40
Tom......saw your post on HUR. Not really looked at faroe before........have ypur been here long?I have some funds coming from stellar/nwf deal...when they even really arrive.Looking at more HUR or maybe something else????
telbap
18/5/2018
14:38
Ticking up nicely over the last couple of days,if theres a bid in the offering they better move soon before the share price is too high
tom111
17/5/2018
11:44
Pre the crashOil $100 cost app $50 profit $50Now $80 cost app $25 profit $55There will be variations in the cost with some are around $12 per barrelOil company share prices should be much higher IMHO
harry rags
17/5/2018
10:01
Thanks BH.We are now over $80 a barrel
tom111
17/5/2018
09:55
yes (but no to merger with DNO, that would be a takeover): ...fully funded to reach our organic production growth target of 35,000 boepd. "Faroe remains confident in its potential to exceed this production growth target through additional organic developments and investments, in addition to potential M&A opportunities."
bountyhunter
17/5/2018
09:53
I notice they mention merger/acq again this morning is it not possible they could merge with DNO?
tom111
17/5/2018
08:16
We believe that the level of divestment activity will most likely increase following proposed tax changes, announced by the Chancellor of the Exchequer in 2017 which, effective from November 2018, should allow the historical tax profile of an oil and gas field to be transferred to the purchaser of a licence interest, thereby allowing tax relief for future costs of abandonment expenditure. Although our experience is that a number of vendors are prepared to retain their abandonment obligations, this change should enable asset purchasers, such as JOG, to take them on more easily. This paragraph in a recent update from JOG. I think this has been hampering takeover activity in UKCS, for Faroe and others. There are many looking for nice production assets but few deals. Sadly by the time this is sorted, with the POO as it is, the price of these assets will have gone up and it may after all be better to stick to organic growth.
rogerlin
17/5/2018
07:51
Yes, the Board is trying to retain shareholder loyalty and ambition. The rising oil price will be helping the Board. Today is just a bit of shadow boxing. Another 5 months or so, and it gets really interesting.
ed 123
17/5/2018
07:41
From today's RNSwe are fully funded to reach our organic production growth target of 35,000 boepd."Faroe remains confident in its potential to exceed this production growth target through additional organic developments and investments, in addition to potential M&A opportunities."Watch this space
harry rags
16/5/2018
19:14
This is the slow year for Faroe. The major projects start coming on stream (or coming back, in the case of the Njord area) in 2019. (See #898 above.) Other more highly geared oils will be cashing in better - eg PMO, Catcher reached 60,000 bopd "in recent days" helping PMO's daily production to 90,000 bopd, compared to Faroe's 12-15,000 guidance. I'm not touting PMO (their debt is eye-watering) but timing of the PoO recovery has favoured them, and will allow them to pay down some debt as long as oil price stays this high. (Before the tender PMO's share price was languishing in the (edit:) sixties and Faroe's Market Cap was greater than theirs.)
wbodger
16/5/2018
18:33
I see Brent tonight is over $79 Faroe must be making a fortune out of this consistant rise?
tom111
09/5/2018
09:48
A bit frisky this morning? Up 7.5p. Where's Peel Hunt? They need to raise their target again?
ed 123
08/5/2018
12:32
Peel Hunt move price target from 125p to 143p. Maybe just playing catch-up with the market price?
ed 123
05/5/2018
07:56
a good article which sums up the situation well
bountyhunter
04/5/2018
12:25
thanks for finding that td, DSO probably had in mind only going ahead with the agreement of the BoD I guess so could afford to make the statement they did to keep expectations and hence the price down so far as possible but not ruling out an agreed bid at any time should the opportunity be there
bountyhunter
04/5/2018
12:12
Bountyhunter ..... from the no bid statement on 4th April - I think their No Bid status can be shelved with support from the board - see point a) 04 April 2018 Rule 2.8 Statement: No Intention to Bid Statement Oslo, 4 April 2018 - DNO ASA, the Norwegian oil and gas operator, today announced that it does not intend to make an offer for Faroe Petroleum plc. This is a statement to which Rule 2.8 of the Takeover Code (the "Code") applies. Under Note 2 of Rule 2.8 of the Code, DNO reserves the right to set the restrictions in Rule 2.8 aside in the following circumstances: (a) with the agreement of the board of Faroe Petroleum; (b) if a third party announces a firm intention to make an offer for Faroe Petroleum; (c) if Faroe Petroleum announces a "whitewash" proposal (Note 1 of the Notes on Dispensation from Rule 9) or a reverse takeover (as defined in the Code); and (d) if there has been a material change of circumstances (as determined by the Takeover Panel). td
thedudie
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