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Faroe Petrol Share Chat (FPM)



Share Price: 79.50Bid: 79.25Ask: 79.50Change: 0.00 (0.00%)No Movement on Faroe Petrol.
Spread: 0.25Spread as %: 0.32%Open: 79.00High: 80.50Low: 79.00Yesterday’s Close: 79.50



Share Discussion for Faroe Petrol


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JR710
Posts: 297
Observation
Opinion:No Opinion
Price:68.50
The Petition is gaining support
20 Mar '16
Apologies for board hopping but-
The petition is going quite well; over 3600 signatures so far. Although it really needs a turbo boost.

https://petition.parliament.uk/petitions/112044/sponsors/frRbCOsOLO6QqIN82UOX

This petition was stalled in parliament since 12th Aug 15; finally green lit on 12th feb 2016.
The FCA don't even reply on the matter, now is your chance to have your say.
If you hate seeing buys reported as sells etc!!!!!!
Has already been sent to Martin Lewis, Daily Mail, Moneyweek & Watchdog.

My local MP supported this petition by writing to the petitions committee to help un-stall it.
There’s 650 MP’s in Westminster, So have you written to your MP? 649 to go!

If this petition doesn’t reach 10,000; then imo we might as well have not bothered as it will almost certainly be filed B1N; @ 10,000 the government should respond.

So – If you haven’t yet signed or indeed have but haven’t passed it on to others, then now’s the time to do so. We really need a social / media savvy individual to help generate more interest in this.

This petition will hopefully be the ring pull; sitting on top of the can of worms that’s allowed under the current rules and administered by the FCA.
 
Isengard7
Posts: 2,698
Off Topic
Opinion:No Opinion
Price:65.25
Panmure Gordon
17 Mar '16
Given it 135p. Looks quite attractive.
peteb308
Posts: 3,206
Off Topic
Opinion:No Opinion
Price:64.00
interesting buys?
9 Mar '16
about 2:30. all look like buys to me?

i wonder about the atlantic assets - some one will buy but who and at what price?

out last week at 70.5p - wonder if i will regret that before i buy back in? (could not resist monetising a 50% profit)
Beanup
Posts: 210
Off Topic
Opinion:No Opinion
Price:68.25
Re: Atlantic
9 Mar '16
Should have added - some of its assets in the UK Sector
Beanup
Posts: 210
Off Topic
Opinion:No Opinion
Price:68.25
Atlantic
9 Mar '16
if AP is giving away its Norway Assets for a song - I wonder if we have picked up a musical ??
Banksman
Posts: 1,003
Off Topic
Opinion:No Opinion
Price:70.75
Dip the toe ...
8 Mar '16
Decided it was time to dip the toe back into oil. Good article in D Mail today, looks like producers are coming to agreement on reduced output. Also note that Baker Hughes rig count is lowest for almost in living memory, down from around 3000 Feb 15 to around 1750 Feb 16. With Brent Crude touching $41/b today, must remember to fill up my c/h oil tanks!
Beanup
Posts: 210
Observation
Opinion:No Opinion
Price:70.00
Hmmm
3 Mar '16
You would almost think Kvalross was not water wet. I have a gut feel that some of Atlantic Petroleum assets may be coming our way. Long may it last
Beanup
Posts: 210
Off Topic
Opinion:No Opinion
Price:61.25
Kvalross
24 Feb '16
Not the news I wanted to hear. Plaudits for continuance of drilling operations, especially a pure exploration hole, but guessing a tad of pain today. M & A is preferable in this climate !!
Isengard7
Posts: 2,698
Off Topic
Opinion:No Opinion
Price:53.50
RE: No debt
2 Feb '16
Hi Peteb,

good points there.

Share price bottomed out at 43p. Interestingly the tangible net asset value per share is also around 43p. (essentially just removing the £140m intangible assets)

So its interesting to see that the market has given it strong support at that price level and I don't think that is a coincidence.

I agree I may have been too critical on the debt levels. As the current assets cancels out the current liabilities. Also a big chunk of the non-current liabilities.

to go back to the market cap being bizarre I think in terms of valuation I always take intangibles out so i reckon market cap is about right.
Beanup
Posts: 210
Question
Opinion:Hold
Price:48.50
Kvalross
25 Jan '16
Anyone know expected duration of this drill ??




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