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Good article, i wouldagree this looks like the start of an approach
Www.energyvoice.com ... It's a'comin! -- BB --
Read that as he states itsp at 125p a share and advises to hold as DNO are looking aggresive
The SP should be 1.25 minimum.
Following the purchase, DNO will own 93,015,825 shares which represents 25.37 percent of the outstanding shares in Faroe Petroleum. takeover?
I hope this starts to climb now. The latest Rns from faroe clearly thinks �1.25 does not reflect the true share price
Looks interesting there too. North Sea about to get lively!
That announcement of no offer and the following a. b. c. d. exceptions is kinda pointless, I guess it will allow them to acquire another 10% as per the other RNS without the SP rocketing it would also leave them with a nice holding of circa 25% align with the BoD of FPM to warm off any predators.
doesn't intend to make offer for Faroe
This is a keeper. 2 great pieces of news. The share sale for 1.25 shows the value here, good to have DNO onboard
News worth waiting for, but I feel the next few years will only get better. GLA
DNO the Norwegian oil and gas operator has bought 15.7% of the share capital of Faroe from Dalek group @ �1.25 a share whichis pleasing to see.
Faroe seems a far better t/o target than Ithaca was bearing in mind their massive debt and 1B valuation.The results from the drill seem to well overdue now,hope there is no problems
DELEK vow to press on with further North Sea Investment. https://www.energyvoice.com/oilandgas/north-sea/167412/ithaca-production-adds-4m-to-deleks-net-income-in-2017/
Share price just treading water over the last few weeks in the 105p to 110p range, we really need the results of the Iris / Hades drill to get this one moving again IMO, although longer term outlook over the next few years very positive as they head towards the 35,000 - 40.000 bopd target.
Plus oil is nearing $66 tonight after lower rig count,all good news.
Whilst no news on drilling of Iris / Hades the SP has shown good positive gain this week and all looking good in my opinion for next week and update before annual results.
Hopefully results out next week, but long term oil already found to get to 40,000 bopd target over the next few years, but adding a bit more to reserves would be positive. GLA.
Looks like Deepsea Bergen still on station and no signs of movement so results could be a few days away yet.
over $67 tonight for anyone interested.Very quiet on this board,sometimes a good sign lol
picking up steam,news imminent
Would expect the next major news to be results on the drilling Iris/Hades which commenced the end of November 2017 with an expected drilling timescale of 90 days, so results due end of month or early March. I would expect if positive the SP will break years high.
sharply higher tonight after announcement of inventories in US now knocking $65,bodes well tomorow
- As expected the latest RNS confirms they were getting the funding ready for the next phase of development which should get production up to the 40,000 bopd target over the next few years RNS - " Fully funded for Brasse and ongoing development projects: Oda; Njord Future; Bauge and Fenja, following the divestment of 17.5% of Fenja " Will be adding a few more to my portfolio here as funds from other investments become available all looking very positive IMO.
wouldn't be surprised if there was a bid in the offering here with a strong portfolio and a mountain of cash looks like a sitting duck.