Faroe Petroleum Share Discussion Threads

[harry rags] 25/9/2017 16:28

Brent now $58 and no change in the share price, let's hope the interims come up with something good tomorrow to get the share price on the move

[dahhad] 25/9/2017 14:29

hopefully a positive statement tomorrow might get a lift in the sp!

[harry rags] 25/9/2017 11:17

Brent now $57

[scaff55] 18/9/2017 16:32

Odfjell Drilling chooses Averøy industrial park when the drilling rig Deepsea Bergen today arrives directly from the North Sea for hot circulation for approx. two months, while maintaining and preparing the rig for new assignments in the Norwegian Sea for the oil company OMV Norway.

-Deepsea Bergen is the fourth rig yard serving this year, from before, the house is located Safe Zephyrus inside the dock. Songa Encourage was in charge of water damage in January, after which the reactivation of Transocean Barents was carried out by the yard before it went to Canada in July, says general manager Frank I. Ellingsen at Averøy Industrial Park.

Deepsea Bergen has recently completed assignments for the operator Wellesley on the exploration well Goanna in the North Sea.

- Averøy Industripark's very strategic position in relation to both the North Sea, the Barents Sea and the Norwegian Sea, with great rig facilities in the midst of Norway, as well as short distance and easy navigation from the ship's league are important factors when the rig companies choose to come to us, says Ellingsen.

Averøy Industripark's facilities with deep water ducts, landfills with very good capacity for rigs and large workshop halls, the yard are very suitable for rigs that come in for mobilization, workshop or reactivation.

[harry rags] 18/9/2017 12:38

This should be 100p + by the 26th IMHO

[5dally] 18/9/2017 11:58

Nice long term chart to play out here,,,,all being well :-)

[soulsauce] 18/9/2017 09:04

About time they paid a dividend.

[oli12] 18/9/2017 08:13

Nice tick up this morning here. Interims out this week? Or next? I expect a good build up of cash and progress with development. Delek beware they will pounce here eventually - well done to anyone who bought in on the dip here very astute IMO.

[harry rags] 18/9/2017 08:12

WbodgerInterims very soon but not this weekHarry

[bountyhunter] 17/9/2017 21:26

Thanks Wbodger, I thought that it must have been a different 'Carmen'

[rogerlin] 16/9/2017 19:42

Brasse extension indeed a large yellow area on the cartoon on slide 12, rather reminds me of Boomerang, let's hope it is not equally fanciful.

[wbodger] 16/9/2017 12:43

I think rig movers forget to update the destination sometimes, R, it could be from before Carmen.

OTOH the original Permit on NPD for that wellbore, 6507/8-9 referred to two wells, that one and 6507/8-U2, which was not mentioned in the "Minor Gas Discovery" announcement. That's why I think they might go back for it.

The corporate presentation (thanks Skaff) has a big shape fot the target of the Brasse extension next year. Not committed yet, but I would be keen to have a look ! Issuing that presentation may suggest the Interims are coming out this week.

[rogerlin] 16/9/2017 09:17

Thanks for those informative links Wbodger. Iris/Hades 1st quarter 2018, 100 days and Fogelberg (1 well with options on 2 more) also 1st quarter 2018, 130-200 days, these seem generous time estimates, recent wells have been quick.

I have an idea that Marinetraffic had the Deepsea Bergen at "Carmen" even when it was drilling Goanna, so not sure that means anything.

[wbodger] 16/9/2017 01:00

bh, Carmen seems to be the right name, but I think it's the name of Statoil's 6507/8-9 prospect in the Norwegian Sea, which Deepsea Bergen drilled before Goanna. It looks like Statoil are taking the rig back to 6507/8 for 6507/8-U2.

Here's the Offshoreenergy story about PSAN approval of the Carmen well:
hxxp://www.offshoreenergytoday.com/offshore-watchdog-clears-statoil-rig-for-carmen-well/

Odfjell Drilling have a page for their fleet status: Deepsea Bergen is shown covered by an Option for the rest of 2017, client Statoil, then there is a contract in 2018 for the first quarter, then another Option.
hxxp://www.odfjelldrilling.com/fleet-status/Fleet-status--presence/

The contract for Q1-2018 is PL644 Iris & Hades which is shown as 'confirmed' in Faroes latest Corporate Presentation. (OMV Operator, FPM 20%)
hxxp://www.offshoreenergytoday.com/semi-sub-deepsea-bergen-to-drill-hpht-well-for-omv/

The Odfjell page also includes the rig Island Innovator, but the contract details are not accurate. We know that Centrica have contracted Island Innovator for Fogelberg in Q2-2018 (Faroe 25%), but that does not appear on the Odfjell page. (I posted a link to that offshoreenergy story in post #400:
hxxp://www.offshoreenergytoday.com/centrica-takes-island-drillings-rig-for-fogelberg-well/

As always dyor.

[bountyhunter] 15/9/2017 14:23

According to marine traffic the Deepsea Bergen is currently moored with it's destination down as the 'Carmen Field' which seems to be in Equatorial Guinea!

[rogerlin] 15/9/2017 11:13

I think it's just a name change Wbodger. For producing fields they seem to like names of famous Norwegians or Norse mythology.

[wbodger] 15/9/2017 10:42

Great what you can discover reading bulletin boards!

Kind of implies Menja is Bue? Are they going to have another look, or is Menja something else showing on a chart?

re. Deepsea Bergen, there are AHTS bookings on the charter sites, in the name of "Well Expertise", whoever that is. It might be going to Libya after that assignment. Edit ... Sorry, it's just the tug that's going there, the rig is "undisclosed"

[rogerlin] 15/9/2017 08:02

Doesn't say the Deepsea Bergen is going on anywhere.

[rogerlin] 14/9/2017 21:07

A story about Fenja and Menja: Once upon a time Frodi, the King of Denmark, went to visit the King of Sweden. He gave Frodi two female slaves who were called Fenja and Menja. Frodi used the slaves to grind some gold with the magical handmill called Grotti. They had to work around the clock because Frodi was gready. Fenja and Menja sang a long poem while they grinded the gold, but before the poem had come to an end they grinded a navy against Frodi. The navy killed Frodi but the head of the navy took Fenja and Menja, put them on his ship and ordered them to grind salt in the Grotti-handmill. They grinded salt until the ship sank. Fenja and Menja are now at the bottom of the sea, still grinding salt. That's the reason for the salt of the sea.

[rogerlin] 14/9/2017 20:59

Thanks Scaff55. I see Pil has become Fenja.

[harry rags] 14/9/2017 17:07

So much for the share price following the oil price ?

[scaff55] 13/9/2017 13:20

Faroe Corporate Presentation September 2017 on there website

[rogerlin] 12/9/2017 17:00

Success is getting hard to come by. I notice that Statoil's elephant target in the eastern Barent's wasn't commercial.

[bountyhunter] 12/9/2017 16:02

well Goanna's a goner but at least it didn't cost us anything which is probably why there has been little impact on the sp
... and I didn't like the name anyway! ;)