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DNO Begins Compulsory Purchases As Faroe Petroleum Stake Passes 90% (ALLISS)

LONDON (Alliance News) - Norway's DNO ASA is to move to acquire the rest of Faroe Petroleum PLC's shares, with its control now standing at 96% after purchases on Friday.DNO said it

4 Feb 19 10:47

Faroe Petroleum Directors Resign After Takeover, New Chair Joins

LONDON (Alliance News) - Faroe Petroleum PLC on Monday said that Bjorn Dale and Orjan Gjerde have been appointed as chair and non-executive director of the company respectively, with immediate and

28 Jan 19 17:36

Faroe Awarded Eight New Exploration Licences In Norwegian North Sea

LONDON (Alliance News) - Faroe Petroleum PLC on Thursday said it has been awarded eight new prospective exploration licences in the Norwegian North Sea.These licences include the Edinburgh

17 Jan 19 15:31

Faroe Petroleum Enters Partnership With Shell Unit Ahead Of Delisting (ALLISS)

LONDON (Alliance News) - Faroe Petroleum PLC on Wednesday said it inked a partnership with subsidiaries of Royal Dutch Shell PLC and Spirit Energy Ltd for the development of the large, Edinburgh a

16 Jan 19 10:45

UPDATE: Faroe Petroleum Directors To Resign Following DNO Buy (ALLISS)

LONDON (Alliance News) - Norway's DNO ASA said Friday it has acquired a further 3.7% of Faroe Petroleum PLC at 160 pence per share.Taking into account the 13.7 million shares purchased

11 Jan 19 16:08

Faroe Petroleum To Revise Brasse Gross Volumes After Appraisal Work

LONDON (Alliance News) - Takeover target Faroe Petroleum PLC on Friday said it would be revising the range of recoverable hydrocarbons at the Brasse field.Faroe has been drilling a well at

11 Jan 19 14:08

DNO Passes 75% De-Listing Threshold With Latest Faroe Petroleum Buy (ALLISS)

LONDON (Alliance News) - Norway's DNO ASA said Friday it has acquired a further 3.7% of Faroe Petroleum PLC at 160 pence per share.Taking into account the 13.7 million shares purchased

11 Jan 19 08:43

LONDON MARKET PRE-OPEN: Flybe Agrees To Takeover By Stobart And Virgin

LONDON (Alliance News) - Stock prices in London are called higher Friday, with markets optimistic despite a lack of any concrete progress from trade talks between the US and China.In company news,

11 Jan 19 07:44

Faroe Petroleum De-Listing Looms After Further DNO Purchase (ALLISS)

LONDON (Alliance News) - DNO ASA on Thursday said it has bought a further 20% of Faroe Petroleum, meaning it is approaching the threshold for de-listing the stock from AIM.On Wednesday, the

10 Jan 19 09:43

UPDATE: Faroe Investor Sells Stake On "Unacceptable" DNO Offer (ALLISS)

LONDON (Alliance News) - Faroe Petroleum PLC investor Cavendish Asset Management Ltd said Wednesday DNO ASA's offer for the UK oil producer is "unacceptable" and has sold its stake a

9 Jan 19 15:44

UPDATE: Faroe Petroleum Board Accepts Latest DNO Offer Despite Concern

LONDON (Alliance News) - Faroe Petroleum PLC on Wednesday told shareholders to accept DNO ASA's latest offer, given it is set to become unconditional, despite not believing it represents a DNO

9 Jan 19 10:57

Acceptances For DNO's Faroe Petroleum Hostile Takeover Offer Pass 50% (ALLISS)

LONDON (Alliance News) - Norway's DNO ASA on Wednesday said it has bought a further 8.7% of Faroe Petroleum PLC, its GBP640 million takeover offer now has more than 50% acceptances.The

9 Jan 19 09:33

DNO ups offer for Faroe Petroleum to 160p per share

(Sharecast News) - Norwegian oil producer DNO has acquired a further 32.25m shares in AIM-listed producer Faroe Petroleum after it upped its cash offer for the group to 160p per share after the close on Tuesday.

9 Jan 19 08:20

UPDATE: DNO Raises Faroe Petroleum Offer To 160 Pence Per Share

LONDON (Alliance News) - Norwegian oil & gas firm DNO ASA on Tuesday increased its final cash offer for Faroe Petroleum PLC to 160 pence per share from 152p and criticised Faroe's amid the

8 Jan 19 17:17

DNO Says Faroe Petroleum Failed To Reveal Oda Field Reserves Downgrade

LONDON (Alliance News) - DNO ASA said Tuesday that a reserves downgrade at Faroe Petroleum PLC's Oda field by Norwegian Petroleum Directorate raises concerns over Faroe's future expected a

8 Jan 19 09:49

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