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Faroe Petroleum Plc News

Faroe and Centrica complete sidetrack well

Faroe Petroleum, an independent oil and gas company, has reported the completion of a successful initial side-track well on the Butch oil discovery, i...

Faroe completes money-saving asset swap

Faroe Petroleum has completed its asset swap with Petoro in preparation for an active drilling programme next year. Faroe swapped its 30% interest i...

Faroe discovers new oil

Oil exploration firm Faroe Petroleum rose 10% after it discovered new oil in the Norwegian North Sea on its Butch prospect, in which the firm has a 15...

UPDATE: Tuesday broker round-up

BP: UBS raises target from 450p to 480p, keeps buy rating. Whitbread: Peel Hunt keeps buy stance and 2,096p target. Whitbread: Evolution Securities ...

Losses widen at Faroe, while sales jump four-fold

Losses at oil and gas group Faroe Petroleum widened in the six months ended 30 June as exploration costs surged. Loss before tax totaled £24m, up fro...

Faroe celebrates discovery in first operated well

AIM-listed oil and gas firm Faroe Petroleum saw shares jump after better-than-expected drilling results at its first operated exploration well to the ...

Faroe Petroleum signs two new credit facilities

Faroe Petroleum's shares surged after the North Sea-focused oil group said it has secured two new banking facilities that would provide substantial ad...

London close: Flat finish as Carnival and Imperial warn on profits

Shares finished slightly higher on another choppy day for the FTSE 100, with bid-talk surrounding ENRC helping offset profit warnings from Imperial To...