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This discovery should be a nice little earner even though we only have 7.5%!
Summary update: http://bit.ly/1hz0Jnb
Hi there, newbie here. Was just wondering if a successful Snilehorn well would actually make a huge amount of difference to the SP of FPM, or is largely based on the production levels of the other wells??
Faroe Petroleum PLC Westhouse Securities Buy 121.13 162.00 175.00 Upgrades
You are joking. When was the last time a broker or tipster came close to a target. No cant think of one. I can think of plenty who up their targets days or hours before the sp crashes. Funny that, cant think why
Projected increases in production clearly good news, as is Snilehorn, but are we going to make a profit at the year end, let alone declare a dividend....or am I missing something ?
Snilehorn Exploration - - - exciting news (imo dyor) - - - - --Faroe Petroleum PLC (FPM.LN), an independent oil and gas company, said Wednesday the Statoil-operated Snilehorn exploration well 6407/8-6 in which it has a 7.5% interest, has spudded. MAIN FACTS: -Snilehorn prospect is located four kilometers from the Hyme producing oil field in the Norwegian Sea; Hyme produces into the Njord field facilities (Faroe 7.5%). -Well and a planned side-track will target oil and gas in the Jurassic Ile, Tilje and Are Formations (analogous to the Hyme reservoir) and, if successful, the plan is to fast-track a development along similar lines to the Hyme development. -Water depth is 282 meters and the well is planned to be drilled to a total depth of 3,205 meters. -Drilling operations are being undertaken by Statoil (50%) utilizing the Songa Trym rig. -Faroe shares closed Tuesday at 131 pence valuing the company at 278.76 million pounds. - - - - http://www.advfn.com/news_Faroe-Petroleum-Snilehorn-Exploration-Well-Norway_59254978.html
here is the link - - - http://zolmax.com/faroe-petroleum-plc-given-buy-rating-at-panmure-gordon-fpm/110138/
Faroe Petroleum Plc Given Buy Rating at Panmure Gordon (FPM) - - - - Posted by Bonnie Powley on Sep 18th, 2013 // No Comments - - - - Faroe Petroleum Plc logoFaroe Petroleum Plc (LON:FPM)‘s stock had its “buy” rating restated by analysts at Panmure Gordon in a research report issued to clients and investors on Wednesday, AR Network reports. They currently have a GBX 190 ($3.02) price objective on the stock. Panmure Gordon’s price target indicates a potential upside of 44.76% from the stock’s previous close.
No expert but cup and handle happening here ???? any chartist's out there ? I am a holder .........DYOR
Graham Stewart, Chief Executive of Faroe Petroleum, commented: "We are very pleased to broaden our production base further through the acquisition of the East Foinaven interest, which boosts and diversifies our oil and gas production portfolio. "East Foinaven is a good quality, long life producing oil field which provides significant upside potential in one of our core areas. The transaction is very tax efficient for Faroe Petroleum, providing shelter for both past and future tax losses in the UK and is in line with our strategy to grow our production base in order to fund the Company's very active exploration programme. We look forward to an exciting period of exploration drilling kicking off with the Snilehorn well in Norway scheduled to commence at the end of Q3 2013, followed by a further five wells as we head into 2014." - - - http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11673053
now.....
big trade....
In here last year, must read up on last years annual report they sent me got a bit fed up of waiting looks like theres some news afoot?
me too,especially oilies,they can bite you big time.lol..not in here m8,just keep noticing the large trades coming in here and cop over the last month or two,someone doing big share swaps as usual,anyway,gl.off back to see what the miners are upto....atb....
here too! I have taken a sabatical from FPM.(one of the few aim companies I have profitted from) Its been a very tough year. Slightly nervous about the next set of figures. Think I will wait for market reaction.
dont want people putting in their isa on aug 5th
x 2,big trades.....
Something strange is happening here, there have been some huge buys ie 750,000 on at least 4 occasions since Friday but on advfn they are not added to the days volume. They appear for a split second and then are gone after the next buy/sell. Any ideas anyone?
and 100k big trades...........