Member Info for shadow525

Looks unlike Delek they have acquired and continue to acquire shares in order to make a takeover bid for Faroe at sometime in the future IMO, and personally believe at �1.25 per share the company is well undervalued given the oil reserves and licence portfolio here. Will be buying more as funds become available.

Faroe has now become an even more likely takeover target with DNO purchasing the block of shares from Delek at �1.25 per share, but given known reserves here and recent discoveries at Iris / Hades, I believe a realistic takeover price for the company to be nearer �2 a share to reflect potential returns here as output increases towards the 35,000 t0 40,000 bopd target.

News worth waiting for, but I feel the next few years will only get better. GLA

DELEK vow to press on with further North Sea Investment. https://www.energyvoice.com/oilandgas/north-sea/167412/ithaca-production-adds-4m-to-deleks-net-income-in-2017/

Firmly crossing this one off the list and signing off, good job waited and invested elsewhere.

Share price just treading water over the last few weeks in the 105p to 110p range, we really need the results of the Iris / Hades drill to get this one moving again IMO, although longer term outlook over the next few years very positive as they head towards the 35,000 - 40.000 bopd target.

Was referring to the March 16 one when Colin took 5,000,000.

About time Coin did another placing again normally March and September, guess the next one will be at 1p a share again.

Whilst no news on drilling of Iris / Hades the SP has shown good positive gain this week and all looking good in my opinion for next week and update before annual results.

Hopefully results out next week, but long term oil already found to get to 40,000 bopd target over the next few years, but adding a bit more to reserves would be positive. GLA.

Looks like Deepsea Bergen still on station and no signs of movement so results could be a few days away yet.

Would expect the next major news to be results on the drilling Iris/Hades which commenced the end of November 2017 with an expected drilling timescale of 90 days, so results due end of month or early March. I would expect if positive the SP will break years high.

- As expected the latest RNS confirms they were getting the funding ready for the next phase of development which should get production up to the 40,000 bopd target over the next few years RNS - " Fully funded for Brasse and ongoing development projects: Oda; Njord Future; Bauge and Fenja, following the divestment of 17.5% of Fenja " Will be adding a few more to my portfolio here as funds from other investments become available all looking very positive IMO.

I think after the Braase discovery which is quite substantial and will require significant investment over the next few years and the fact Faore are 50% owners and operator they are probably getting all their ducks in order regarding capital availability. With current cash, the unsecured bond and now further income from the sale of 17.5% in Fenja the position on funding development to get to planned 40,000 bopd are looking more secure. As normal from this BOD I believe this is another good deal.

Big BUY at the recorded over �200K.

Fundamentals here very strong, and growth almost certain over the next few years with reserves let alone any further discoveries, and with DELEK in the background this IMO is a strong buy. Have added more this week at current SP which I think is a bargain given future prospects here and expect this to show a substantial rise this year, similar to my other oil share HNR/ DYOR & GLA

Whilst market generally depressed today don't think fall in SP at the moment reflects the potential here especially with sidetrack being spudded on Fogelberg so have added a few more. Granted not trading these but BUYING as an LTH but still look cheap to me given growth potential of the business over the next few years. DYOR & GLA

Increased my investments in FPM and HNR to circa �40K as IMO both have good fundamentals and prospects for the future and oil price trend at the moment suggests its going higher. Be interesting to see which one achieves the best growth over the next few years, although DELEK may have a say in FPM's future.

In a good mood and feeling very positive and will be buying more Faroe today, just had an encouraging update (RNS) on my other oil share HNR and feel that Faroe will soon follow on their latest drill. GLA.

Pockerchips, lower based on accumulated losses circa $15 million and cash burn and that IMO they will need to raise additional funding in 2018. Yes and did hold shares and have taken a loss, as thought recent share price fall will continue, but just my opinion so GLA.