Faroe Petroleum Plc Share News (FPM)
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FPMWed, 04th Apr 2018 17:03
DNO has engaged Pareto Securities AS to run the reverse bookbuild to acquire up to 10% of Faroe, with the price to be determined later, with the bookbuild to close by 0700 BST Thursday.
Earlier Wednesday, DNO agreed to buy a 15% stake in Faroe from Delek Group Ltd. The deal covers 56.4 million Faroe shares, with the price being
Faroe shares ended up 12% on Wednesday at 117.80p.
Shares in Faroe Petroleum rose 3.3% on Wednesday, after it posted a better-than-expected operational update. Faroe said production for the five-month period from 1 January to 31 May 2015 averaged 11,324 barrels of oil equivalent per day. It said lower production costs meant the average operating c
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OSLO, May 22 (Reuters) - Oil and gas firm Statoil hit a dry well in the Southern part of the Norwegian Sea, the Norwegian Petroleum Directorate said on Friday. The well was drilled in production licence 348 C about four kilometres North of the Hyme field. Statoil is the operator of t
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