Member Info for shadow525

Looks like Oozi Cats was a rogue right from the start of this and has made £10's millions out of this IMO.

Looks like the correction after the dramatic fall has now run its course with volumes dropping almost to zero the last few days and share price relatively stable, I think we will need some dramatic news to send it moving strongly in either direction given good news or bad.

All quiet on the Western front or should I say Norwegian front. Share price 31st July 2017 87.75p

See a sizeable trade was recorded late at a price of 91.85p well out of the normal days range, someone is still buying blocks of shares.

Only my speculation but can see Faroe and Point Resources possibly looking for a 3rd partner (likely STATOIL) to help develop this find and spread the capex and production costs especially as they wish to expedite getting it into production by 2020/21 and the fact it is near the infrastructure of Statoil. With estimated capex of $550 million even spread over 2 or 3 years is a sizeable spend. Whatever the basis of a final structure this is likely to represent a significant increase in production when it comes on stream.

Good to see the banking support and amendments to covenants just need to improve performance now and reduce gearing longer term. Hopefully 2018 will prove a better year and the delayed contracts commencing.

Believe the indication in Faroe's report earlier in the year was that Goanna was scheduled for drilling in Q4, so permit likely to be gained shortly. Deepsea Bergen maybe utilized yet after it finishes its current role for Statoil.

Your welcome Badger and DYOR but take a look at Faroe Petroleum,

Guess the initial dramatic fall was slightly over done by MM's and this is a correction but any bad or negative news IMO opinion will send it falling again, the management have quite a task getting this one back on an even keel, re-negotiating the term of long term debt and reducing the gearing. A long term upward trend is unlikely to be sustained until the delayed contracts come to fruition.

See lots of speculation on other sites regarding a bid price one writer commenting he thinks £2.00 a share another at £1.12 in reality know ones knows if DELEK where to make a bid what the offer price would finally be. However I believe with current stated 2P reserves at the end of 2016 being 81.3 mmboe the recent addition of the Brasse find, and the stated forecast to increase production volumes to 50,000 bopd, revenues and shareholder value will significantly increase and IMO £2.00 and beyond is a realistic longer term share price. However we are no there yet an a lot of variables can change but I am sure the institutional investors can see the potential and having purchased shares on various placings as high as £1.60, why would they and the BoD accept a low price of around £1.12 in reality I believe an offer if made would be in between, but why speculate with the shareholder value over the next few years almost certainly increase anyway and if a bid comes it comes.

Not surprised by the sell volumes of the last few days and after a fall from a years high of 75.95 pence would hardly call a rise of an odd penny or so a recovery. With contract delays falling revenue and cash flow and in breach of covenants and having to try and re-negotiate terms on long term debt of $360 to $370 million this company at least in the short term is in choppy waters. Hopefully long term it will recover but I feel we need to get the rest of this year out of the way and await the statement on successful funding negotiations.

OLI12 the RNS does not show such a dramatic increase crossing the threshold so they have constantly been buyers in the market place for sometime based on the figures from Faroe website on previous holdings, but yes another institution showing positive belief in the future prospects of the company. IMO the next few years are going to be exciting times for the company with substantial revenue increases.

Are you kidding this one could easily go to the wall, bankers in control now.

Time to bail out this could easily fall a further 20% or 30% with limited short term prospect for the company to turn this around, bankers and markets will take a dim view.

Think this one is dead in the water.

BP announces record Q2 profits. http://c.newsnow.co.uk/A/896211333?-821:575:0

See US Crude has broken $50 barrel with Brent trading at $52.69 at time of writing, with a reduction in overall reserves in storage the upward trend likely to continue.

Only invested in this share for a few hours and decided to take the 35% profit but still looks undervalued long term and use them for energy contracts in the day job, and think the business model is still reasonable for the future so good luck to all.

Yes looks like an exceptionally good deal for Faroe increasing their stake to nearly 45% in Blane and at $5 boe an extremely good price especially with the economies of scale and tax position all bodes well for 2018 let alone the longer term prospects. As per Zak Mir recent forecast can see this testing the years high again before the end of the year, but invested in it for a much longer period anyway and as posted before think the real long term worth of the business will be at least double if not triple the current share price.

Whilst DELEK holding is interesting we should not get to hung up on it, the real long term play is the development of this business who ever owns it and at present that is mainly the institutional players who have supported the growth so far buying shares on rights issues at £1.20 and £1.60 and IMO can see the revenues of FAROE growing to over a Billion dollars a year in the next 5 years, just do the maths of already planned production increases and the development of the Brasse field at current oil prices. What's this business worth well in my opinion double or even triple today's share price and I am sure DELEK are in it for the long term.