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Faroe Petrol Share Chat (FPM)



Share Price: 112.00Bid: 111.00Ask: 112.25Change: 0.00 (0.00%)No Movement on Faroe Petrol.
Spread: 1.25Spread as %: 1.13%Open: 115.00High: 115.75Low: 110.25Yesterday’s Close: 112.00



Share Discussion for Faroe Petrol. (FPM)


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Bonus
Posts: 6,297
Research
Opinion:Strong Buy
Price:177.25
From Env. Risk Ass. (areal maps)
1 Mar '12
http://www.klif.no/nyheter/dokumenter/maersk_trex_miljorisikoanalyse151110.pdf
p7-10: Location/map, Key information on the well, The drilling rig, Well design and reservoir properties.
p14: "As T-Rex is in an environmentally sensitive area and near vulnerable seabed communities, an assessment of environmental risk related to operational discharges has been included in the ERA. One should, however, keep in mind that T-Rex is located at Haltenbanken; a mature area with several producing fields."
p19: "Based on information from Maersk Oil on the geological properties of the reservoir; an oil type with similar properties to the Morvin oil is expected if hydrocarbons are found in the prospect." and p56: "The area is well known by Maersk Oil, and based on the geological properties of the reservoirs that will be exploited, an oil type similar to the Morvin oil is expected if hydrocarbons are found in the prospects.
p49: "Applications, permits and corresponding background documents from drilling operations during 2009 -2010 have been used for the qualitative analysis of T-Rex. Reference for this qualitative analysis for T-Rex includes relevant drilling operations like Fogelberg, Ronaldo, Pumbaa and Caerus."
p70: "Fuegro Survey Ltd (2010). PL-431 Drilling hazard and habitat assement survey, Site survey preperad for maersk Oil." and p71: "Wellpro Academica. (2010). Well blowout and dynamic wellkill simulations Exploration well 6406/3-9 – T-Rex (PL 431) Maersk Oil Norway AS
Bonus
Posts: 6,297
Observation
Opinion:Strong Buy
Price:173.50
T-Rex
29 Feb '12
116 days almost up. And in 41 days (apr10) the Transocean Winner is under contract with the next client.

The Kalvklumpen drill... read somewhere they were drilling on bad old 2D seismics. Almost no chance from the start. Is that right? Any thoughts why they went after it?
Good feeling about T-Rex. Hope it gives up its secrets and is good and fat updip!
GLA
Bonus
Posts: 6,297
Observation
Opinion:Strong Buy
Price:175.00
,
28 Feb '12
Posted by SpikeyDT on iii (who seems to be looking for a top up here ;-) :
http://www.ft.com/cms/s/0/55f92808-6164-11e1-8a8e-00144feabdc0.html#axzz1ngn0QyeF
Remember that FPM enjoys the Norwegian tax regiem and are drilling like... Well, no one else really!!!!!
GLA
Bonus
Posts: 6,297
Observation
Opinion:Strong Buy
Price:174.00
,
28 Feb '12
Bonus
Posts: 6,297
Off Topic
Opinion:Strong Buy
Price:174.00
,
27 Feb '12
ehhh... guilty. Still holding some fat fingers shares there and would fancy a Take Over party at a castle ;-) But they won't. GL
Johnnytaffia
Posts: 6,970
Off Topic
Opinion:No Opinion
Price:174.00
Bonus
27 Feb '12
Steady there!... talk like that will attract atttention from the PMG asylum *lol*
Bonus
Posts: 6,297
Observation
Opinion:Strong Buy
Price:174.00
,
27 Feb '12
If this ain't a T/O candidate, I've never seen one. For a company this size FPM holds and handles its portfolio like the croupier of the North Sea. Their contacts and the current situation in the upstream business... Ask yourself: Which Major or ambitious 'peer' wouldn't want to get their hands on a selffunding FPM with these assets and prospects?

LAST WARNING!

GLA
Bonus
Posts: 6,297
Observation
Opinion:Strong Buy
Price:174.00
FT must read
25 Feb '12
Bonus
Posts: 6,297
Observation
Opinion:Strong Buy
Price:174.00
T-Rex
25 Feb '12
http://www.investorschronicle.co.uk/2012/02/24/shares/news-and-analysis/the-oil-and-gas-wells-to-watch-Onkox5M4wFLu1Jbvxp3TDO/article.html
Maersk took 70% and the operatorship from FPM (30%). It is Maersk's first operated drill in Norwegian waters and they will want to look good. T-Rex is a wildcat that could unlock a new play type in the area which is part of a very prolific oil region. If you like wildcats... how about going for a T-Rex?



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