Faroe Petroleum Interim results from Faroe today which to be honest had been signalled ahead of today's meeting. Profits were much higher as commodity prices were higher, EBITDAX of £72.2m, the Fenja sale and a lack of impairments. Fully funded net group capex for 2018 is estimated to be c.£225m ...Malcolm Graham-Wood - Malcy's Blog
Oil Price, SDX Energy, Echo Energy, Far, Faroe Petroleum, and Finally…
WTI $68.87 +15c, Brent $76.21 +39c, Diff -$7.34 +24c, NG $2.88 -4c Oil Price Last week the oil price had a healthy tick up with WTI climbing $2.81 or 4.3% and Brent rose even more, up $3.99 or 5.5%, Baker Hughes reported a sharp fall in their rig count, down 13 overall to 1044 and in oil a fa ...Malcolm Graham-Wood - Malcy's Blog
DNO Withdraws Request for Faroe Petroleum Shareholders Meeting
Oslo, 27 August 2018 - DNO ASA, the Norwegian oil and gas operator, today announced the withdrawal of its request to Faroe Petroleum plc for a meeting of shareholders of the company in which it holds a 28.23 percent stake, and issued the following statement: DNO ASA withdraws the request for an ...Oil Price, SDX Energy, VOG, Faroe, IOG, Upland, and Finally…
WTI $65.46 +45c, Brent $71.43 +67c, Diff -$5.97 +22c, NG $2.91 -3c Oil Price Another up and down day yesterday which finished in the black even though President Trump made another virtue of the strong dollar. News that some Iranian clients such as India, South Korea and Japan are already maki ...Malcolm Graham-Wood - Malcy's Blog
Oil Price, Faroe Petroleum, Touchstone Exploration, and Finally…
WTI $67.20 -43c, Brent $72.61 -20c, Diff -$5.41 +23c, NG $2.93 -1c Oil Price A quiet day on oil bourses yesterday with talk about Turkey causing most concern with the currency smashed even more. Marcus Ashworth at Bloomberg is worth following on this as he has a top view from the bond markets ...Malcolm Graham-Wood - Malcy's Blog
Oil Price, Savannah Petroleum, Faroe, Aminex, and Finally…
WTI $69.17 +16c, Brent $74.65 +90c, Diff -$5.48 +74c, NG $2.90 +4c Oil Price Oil has rallied modestly in the last couple of days as the market anticipated the Iranian sanctions starting up with phase 1 even though oil is not in the mix until November. Despite the protestations from other sign ...Malcolm Graham-Wood - Malcy's Blog
Oil Price, Sound, Faroe, Frontera, DGO, UOG, Echo, RockRose, Eco (Atlantic), Hurricane, and Finally…
WTI $73.45 +69c, Brent $77.85 +23c, Diff -$4.40 -46c, NG $2.94 -4c Oil Price Oil appreciated yesterday but I can add little, all is going as expected with a few twists. Supply is under pressure from all sides, WTI is being squeezed as Canadian imports fall as do inventories with refinery capa ...Malcolm Graham-Wood - Malcy's Blog
Faroe Petroleum - Brasse East Well Commitment
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce the commitment by the PL740 Brasse Joint Venture partners (Faroe 50% and operator and Point Resources 50%) to drill the Brass ...Faroe Petroleum Annual Report 2017
Chairman's and Chief Executive's statement Faroe's consistent strategy of creating value through the drillbit has delivered another yearof strong progress and reserves growth. Year-on-year reserves grew by 20% and in the last five years reserves have grown by more than 400% – mainly as ...Faroe Petroleum: Production Increase at Tambar and Fogelberg Update
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that both new infill wells drilled this year on the Tambar field in Norway, (Faroe 45%) have now been brought successfully on ...Oil Price, Sound Energy, Faroe Petroleum, SDX Energy, Bahamas Petroleum, And Finally…
WTI $68.19 +14c, Brent $74.74 +74c, Diff -$6.55 +60c, NG $2.82 +4c Oil Price It is still all about I Ran, clearly the Donald didnt take anything his mate Emanuelle said the other night nor should we have expected him to, this is one decision he is unlikely to go back on. May the 12th is begin ...Malcolm Graham-Wood - Malcy's Blog
Oil Price, Hurricane, Faroe, Zenith, And Finally…
WTI $63.42 +$1.36, Brent $68.65 +$1.54, Diff -$5.23 +18c, NG $2.69 -1c Oil Price It's a bit of a see-saw life in the oil market at the moment with traders having to be on their toes even more than usual. Yesterday crude oil rallied sharply as it was tariff war off and Syria war back on which ...Malcolm Graham-Wood - Malcy's Blog
Faroe Petroleum: Approval of Plan for Development and Operation of Fenja Field
Faroe Petroleum, the independent oil and gas Company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that the Norwegian Minister of Petroleum and Energy has approved the plan for the development and operation (‘PDO') of the Fe ...Faroe Petroleum: Fogelberg Appraisal Well Update
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to provide an update with preliminary results of the Fogelberg appraisal well in the Norwegian Sea (Faroe 15% 1 ). Highlights Successf ...Oil Price, Faroe, Ascent Resources, and Finally…
WTI $63.37 -14c, Brent $68.02 -10c, Diff -$4.65 +4c, NG $2.72 +2c Oil Price The weakness I mentioned yesterday at the start was abruptly turned around by a good set of EIA inventory stats. The draw of 4.62m barrels was better than expected by a margin and having been a buck 50 down crude reco ...Malcolm Graham-Wood - Malcy's Blog
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