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Faroe Petroleum confirms Brasse discovery

Mon, 11th Jul 2016 15:33

(ShareCast News) - Faroe Petroleum has confirmed its Brasse oil and gas discovery in the Norwegian North Sea.The discovery was made at licence PL740 in the Norwegian North Sea where the AIM-Listed company is 50% owner and operator.The Brasse side-track reached a total depth of 2,530 metres and encountered a 25 metre gross oil column and a 6 metre gross gas column, the company said."Results based on extensive coring, wireline logging and sampling show that the well has encountered oil and gas in good qualityJurassic reservoir sandstones, similar to those seen in the main well, and provide important information about the reservoir distribution in Brasse," Faroe said."The hydrocarbon-bearing interval in the side-track well was found to be at a similar pressure level to the hydrocarbon-bearing interval in the initial discovery well. Total gross volumes of recoverable hydrocarbons are estimated to be 28-54 mmbbls of oil and 89-158 bcf of gas (43-80 mmboe in aggregate)."
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6 Feb 2017 14:20

UPDATE 3-Israel's Delek expands in North Sea with Ithaca Energy deal

* Delek agrees deal to take full control of Ithaca * Ithaca investor Cavendish says offer too low * Latest deal to target North Sea assets * Israel's Delek prepares London listing (Adds shareholder comment) By Tova Cohen and Karolin Schaps TEL AVIV/LONDON, Feb 6 (R

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18 Jan 2017 08:33

Faroe Awarded Four Licenses In Norway, Including Brasse Extension

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25 Dec 2016 09:12

Israel's Delek buys 13 pct of Faroe Petroleum for 43 mln pounds

TEL AVIV, Dec 25 (Reuters) - Israel's Delek Group said on Sunday it acquired 13.18 percent of Faroe Petroleum PLC from Dana Petroleum Ltd for 42.77 million pounds ($52.6 million) as part of a strategy to expand its international energy activities. Delek bought from Dana Petroleum all the

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20 Dec 2016 08:43

Faroe Petroleum Gets GBP292.5 Million In New Loan Financing

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30 Nov 2016 06:50

Centrica goes ahead with $630 mln oilfield off Norway

OSLO, Nov 30 (Reuters) - Centrica and partners will invest 5.4 billion Norwegian crowns ($629.65 million) in the development of the Oda oilfield off Norway after cutting costs by around 45 percent compared to initial estimates, the British utility said on Tuesday. The North Sea field, forme

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4 Nov 2016 10:30

Faroe Petroleum's partners select Njord facilities for development in Norway

(ShareCast News) - Oil and gas company Faroe Petroleum's partners chose the Njord facilities as the preferred concept for development of the Pil & Bue discoveries in the Norwegian Sea. The company's partners in the Pil & Bue discoveries, of which the company owns 25%, and which include Statoil Petro

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18 Oct 2016 06:36

RPT-Faroe Petroleum finds oil at Norwegian Sea flank

(Repeats article to additional subscribers, no changes in text) Oct 17 (Reuters) - Faroe Petroleum Plc : ** Njord North Flank oil and gas discovery ** Announce an oil and gas discovery at Njord North Flank in Norwegian Sea (Faroe 7.5 pct) ** Well encountered 102 metres of

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21 Sep 2016 10:57

Wednesday broker round-up

(ShareCast News) - Barclays: HSBC upgrades to buy with a target price of 190p. Reckitt Benckiser: UBS keeps at buy, 8000p target. Go-Ahead: Deutsche Bank keeps at buy with a 2330p target. Kingfisher: HSBC reiterates hold with a 365p target. BHP Billition: Barclays keeps at equal-weight with a 990

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16 Sep 2016 10:54

Friday broker round-up

(ShareCast News) - Admiral Group: Berenberg reiterates hold with a target price of 1804p. Vodafone: Barclays reiterates overweight, 260p target. Next: HSBC keeps at hold with a 4485p target. Asos: JP Morgan reiterates overweight with a 5400p target. Moneysupermarket: RBC stays at outperform with

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16 Sep 2016 08:27

BROKER RATINGS SUMMARY: Exane BNP And Bernstein Upgrade Morrisons

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15 Sep 2016 06:55

BUZZ-Pareto Securities predicts more mergers in Norway's oil industry

** Pareto Securities analyst Tom Erik Kristiansen made the following statements at the start of the second day of the firm's oil conference in Oslo on Thursday: ** "We think more companies are likely to follow BP by merging into strategic partnerships on the Norwegian Continental Shelf (NCS

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11 Aug 2016 08:35

BROKER RATINGS SUMMARY: Barclays Cuts Travis Perkins To Underweight

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22 Jul 2016 16:01

DIRECTOR DEALINGS SUMMARY: Faroe Petroleum Directors Buy In Placing

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15 Jul 2016 14:50

Faroe Petroleum completes £62m raising to buy Norway assets

(ShareCast News) - Faroe Petroleum said it had completed its £62m raising to buy five Norwegian oil and gas fields. The independent oil and gas company focusing principally on exploration, appraisal, development and production opportunities in Norway and the UK, said 88.5m shares were placed at 70 e

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15 Jul 2016 09:46

WINNERS & LOSERS SUMMARY: Travel Stocks Slide In Wake Of France Attack

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