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Faroe Petroleum finds oil in Boomerang well

Thu, 17th Sep 2015 15:26

(ShareCast News) - Faroe Petroleum has struck oil in the main bore of the Boomerang exploration well at the Pil/Blue discovery in the Norwegian Sea.The AIM-listed oil and gas company, which has a 25% interest in the project, said the well encountered good reservoir properties and moveable oil with preliminary estimates of recoverable volumes in the range between 13m and 31m barrels of oil equivalent.Chief executive Graham Stewart said: "This appraisal and exploration well has provided a significant amount of important data and again proven how prospective the Pil area is."While we carry out further evaluation, the exploration campaign continues with drilling of the Blink prospect, due to spud shortly. Blink is an exciting independent prospect targeted as a potentially large addition to the already significant Pil and Bue discoveries announced in 2014, all of which are located in the same licence."At 1530 BST, Faroe shares were down 3.9% at 68.75p.
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17 Dec 2015 12:27

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4 Dec 2015 12:46

UPDATE 1-Oil firms pile in as Norway moves exploration closer to Russia

(Adds comments by minister, applicants, background) OSLO, Dec 4 (Reuters) - Norway has received applications from 26 oil firms seeking drilling permissions in a licensing round set to move the search for hydrocarbons closer to its border with Russia, the country's Oil and Energy Ministry sa

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4 Dec 2015 10:28

RPT-Oil firms pile in as Norway moves exploration closer to Russia

(Repeats to attach alerts to article, no changes in text) OSLO, Dec 4 (Reuters) - Norway has received applications from 26 oil firms seeking drilling permissions in a licencing round set to move the search for hydrocarbons closer to its border with Russia, the country's Oil and Energy Minis

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4 Dec 2015 10:27

Oil firms pile in as Norway moves exploration closer to Russia

OSLO, Dec 4 (Reuters) - Norway has received applications from 26 oil firms seeking drilling permissions in a licencing round set to move the search for hydrocarbons closer to its border with Russia, the country's Oil and Energy Ministry said on Friday. Applicants in the so-called 23rd round

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10 Nov 2015 10:00

Barclays downgrades Premier Oil, Cairn Energy

(ShareCast News) - Barclays has downgraded Cairn Energy and Premier Oil and initiated on Faroe Petroleum with a neutral stance as it believes the trio are eclipsed by other stocks in the sector that currently offer a more attractive valuations. Cairn Energy is lowered to 'underweight' from 'equalwei

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10 Nov 2015 09:49

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10 Nov 2015 08:22

LONDON BRIEFING: Experian, National Grid, Vodafone, ITV All Please

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6 Nov 2015 07:54

Faroe Petroleum Completes Roc Oil Deal To Boost Stake In UK Gas Fields

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3 Nov 2015 10:06

Faroe Petroleum Raises 2015 Guidance On Strong Production Levels

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8 Oct 2015 08:46

BROKER RATINGS SUMMARY: Goldman Sachs Raises Standard Chartered To Buy

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23 Sep 2015 09:20

Faroe Petroleum begins work on second Blink prospect well

(ShareCast News) - Oil and gas company Faroe Petroleum has begun work on the second Pil/Bue follow-up well on the Blink prospect in the Norwegian Sea. Faroe said the 6406/12-5S exploration well, in which it owns a 25% stake, has been spudded. Chief executive Graham Stewart said: "I am very pleased

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23 Sep 2015 08:03

Faroe Petroleum Says Second Exploration Well At Blink Spudded

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22 Sep 2015 10:33

Faroe Petroleum Swings To Small Profit As It Battles Lower Oil Prices

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17 Sep 2015 08:22

Faroe Petroleum Finds Oil In Boomerang Exploration Well

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