Member Info for shadow525

Remember this oil find was the biggest find in the Norwegian sector in 2016 and the sidetracks have improved it further with Faroe being 50% owner and operator, also with the added benefit of being close to Brage field and Statoil's investment on infrastructure.

Brasse sidetrack has added further improvements to the medium to longer term prospects with this field alone on forecasts of 30,000 bopd at todays oil price accounting for revenues of $1.5 million per day when comes on stream. Still think IMO the share price at present is well undervalued and have added significantly more to my portfolio but not quite at RNS stage yet. Guess some of the big off book trades to late are MM's moving shares around and is why no RNS has been made. but you never know we may see one shortly on holdings.

As I have said many times before at these prices irrespective of the DELEK situation, with the prospects being very good on future production development, strong licence portfolio, and a proven management team IMO this offers excellent medium to long term investment opportunity. Will be adding more shares as I believe the current share price does not reflect the real potential value of the business especially if oil price recovers further but DYOR.

with buying and selling trades matched up you can at least divide total by 2 for number of shares a single party has traded in and may even have a broker involved. I believe the shares not held in public hands excluding directors is the DELEK holding ?.

Hopefully we are Gooner find more oil soon and Delek increase their share holding and oil price go back above $50 barrel this should bring FAROE price DOWN another 10 pence or so, might even fall down to 60 pence when we develop the Btasse field.

See that FIL have added a few more shares to their holding, not surprised they appear from past performance and personal experience on other shares to manage their investments well, FAROE despite an oil price below $50 a barrel offer good prospects especially with oil price hedges at around $52 and DELEK in the background.

Took the opportunity of adding just a few more shares as price dipped below 80 pence, still maintain this is an excellent medium to long term investment but running out of spare cash now.

Have significantly increased my shareholding in FAROE at these share price levels. I believe the future development of recent finds and planned increase in production output gives a strong investment opportunity as IMO this should allow the company to grow rapidly and return future profits from 2018 onwards. I am sure DELEK will be watching performance closely over the next year or so. DYOR but I think FAROE is one of the better investment opportunities within this sector for the medium to longer term.

Lets not forget the institutional shareholding in Faroe a lot of their shares obtained by the rights issues at £1.20 and £1.60 per share I am sure they would be willing to sell for £1.00. Anyway as said many times the fundamentals of this company are good and IMO have a strong management team and as an investor for the longer term I believe prospects are good and if one thing is certain oil price goes up and down.

Not necessarily fund managers will have started to look at this share more closely especially as volumes have increased since the end of May although I do accept DELEK are active in the marketplace on this share. The next view months should be very interesting in my opinion but as I have said before the real game is the future development of this business for all.

See late trade registered 750,000 buy at 87.75p for the 21st wonder WHO.

could not agree more that the fundamentals of this company have not really changed, if anything are stronger since Brasse discovery and we should see current share price as a buying opportunity as I am sure DELEK will. However whatever the outcome of their interest the real play is the future development of the business.

Irrespective of the DELEK interest this is a well managed company with new finds, strong licence portfolio and forecast strong future production increases with plenty of cash. IMO offers very good investment opportunity at these price levels in the medium to long term even without DELEK position.

Whilst DELEK stake is interesting regarding a possible future bid, FAROE at this price with recent Brasse well discovery and forecast future production growth offers good value for investment medium to long term. AGM will shed more light on future strategy and profitability.

Should have really added to previous post the Brasse discovery to Faroe will be extremely important as they are 50% owners and operators of the field all bodes well for 2018.

Held these for about 5 years but starting to get very interesting, new finds, production growing, and DELEK increasing their holding, time to double up.