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Faroe Petrol Share Chat (FPM)



Share Price: 87.00Bid: 87.00Ask: 88.25Change: 0.00 (0.00%)No Movement on Faroe Petrol.
Spread: 1.25Spread as %: 1.44%Open: 89.25High: 89.25Low: 86.50Yesterday’s Close: 87.00


Share Discussion for Faroe Petrol


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shadow525
Posts: 41
Off Topic
Opinion:Strong Buy
Price:87.75
August
Wed 11:42
All quiet on the Western front or should I say Norwegian front.

Share price 31st July 2017 87.75p
 
shadow525
Posts: 41
Observation
Opinion:Strong Buy
Price:88.50
Late booking
10 Aug '17
See a sizeable trade was recorded late at a price of 91.85p well out of the normal days range, someone is still buying blocks of shares.
shadow525
Posts: 41
Off Topic
Opinion:Strong Buy
Price:87.75
Brasse Development
9 Aug '17
Only my speculation but can see Faroe and Point Resources possibly looking for a 3rd partner (likely STATOIL) to help develop this find and spread the capex and production costs especially as they wish to expedite getting it into production by 2020/21 and the fact it is near the infrastructure of Statoil. With estimated capex of $550 million even spread over 2 or 3 years is a sizeable spend. Whatever the basis of a final structure this is likely to represent a significant increase in production when it comes on stream.
ptkoo
Posts: 2
Observation
Opinion:No Opinion
Price:89.00
Big Brasse development
8 Aug '17
ian67
Posts: 1,860
Off Topic
Opinion:No Opinion
Price:88.00
re SP
8 Aug '17
Have seen these large deals at crazy prices on other shares. Imo they are mates rates and if you belive in the company you should try to grab some at the low prices.
Urraca
Posts: 1,062
Off Topic
Opinion:No Opinion
Price:88.00
RE: SP
8 Aug '17
It is good to see the sp recover. I think its tracking the oil price recovery pretty closely. It makes the huge selloff in the 70s look really bizarre though. Why would anyone do that? A margin call? Or to close the deal on getting the Delek IPO when they float in London?
ian67
Posts: 1,860
Off Topic
Opinion:No Opinion
Price:89.00
SP
8 Aug '17
Sells at 89p . Would be great to see a 2% increase daily.
shadow525
Posts: 41
Off Topic
Opinion:Strong Buy
Price:88.75
Drilling Permit
8 Aug '17
Believe the indication in Faroe's report earlier in the year was that Goanna was scheduled for drilling in Q4, so permit likely to be gained shortly. Deepsea Bergen maybe utilized yet after it finishes its current role for Statoil.
Mommur
Posts: 95
Observation
Opinion:Buy
Price:86.75
BP North Sea Assets
7 Aug '17
Wouldn't surprise me to see Ula and Tambar under scrutiny for an FPM purchase. With all the recent good news and ongoing developments, the SP has sadly tracked AIM and should be far higher. Malcy, has it right on this one but it has never really been reflected in its share price and perhaps its time the company made a concerted effort to remedy this. Goodbye AIM for a start.
shadow525
Posts: 41
Observation
Opinion:Strong Buy
Price:86.75
Share Price
6 Aug '17
See lots of speculation on other sites regarding a bid price one writer commenting he thinks £2.00 a share another at £1.12 in reality know ones knows if DELEK where to make a bid what the offer price would finally be. However I believe with current stated 2P reserves at the end of 2016 being 81.3 mmboe the recent addition of the Brasse find, and the stated forecast to increase production volumes to 50,000 bopd, revenues and shareholder value will significantly increase and IMO £2.00 and beyond is a realistic longer term share price. However we are no there yet an a lot of variables can change but I am sure the institutional investors can see the potential and having purchased shares on various placings as high as £1.60, why would they and the BoD accept a low price of around £1.12 in reality I believe an offer if made would be in between, but why speculate with the shareholder value over the next few years almost certainly increase anyway and if a bid comes it comes.




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