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Faroe Petroleum (FPM)     

royscoones - 03 Feb 2008 16:10

This company seems to have been searching for a long time - any ideas out there?

required field - 29 Apr 2010 10:00 - 21 of 364

Fund raising....damn....down 20p.....at this price : it won't be worth doing....at 145p it was....

required field - 01 May 2010 15:22 - 22 of 364

Decided to take up the rights in Faroe petroleum.....raising a big amount of capital...but so much drilling potential and so far 3 wells drilled this year with 3 successes...not a bad percentage...and very good right-ups in the share mags...surprised that nobody here seems to rate this one, apart fom myself...

stan59man - 04 May 2010 08:49 - 23 of 364

Like you, I will be taking up the rights. I agree that past success rate and future prospects seem good. Greenland option is also very interesting.

required field - 04 May 2010 08:55 - 24 of 364

I'm hoping for a quick return to the 140ps.....Greenland looks like the next favourite place for a lot of oil companies....Cairn due to start drilling there this summer.....but that is a hefty stock already...

required field - 06 May 2010 08:22 - 25 of 364

The rights issue has come at the wrong time.....10% less than the real sp....hardly worth taking up....at this rate I reckon FPM might have to pull the fund raising....bad luck....

stan59man - 06 May 2010 11:33 - 26 of 364

Shares mag today states that rights issue is fully underwritten

required field - 06 May 2010 15:07 - 27 of 364

Probably too late to stop it ...but funds could have been used for Rockhopper see (RKH)....10% is all we are going to make here unless there is a sharp recovery...

required field - 06 May 2010 17:20 - 28 of 364

7%.....this was at 145p the other week.....the marketmakers are taking the piss here...

dealerdear - 06 May 2010 23:06 - 29 of 364

Of course they are.

Any company that does a rights these days can expect their sp to drop below that price.

Just the way of the world today.

required field - 12 May 2010 23:59 - 30 of 364

Directors buying...shares up...much better....

required field - 14 May 2010 14:42 - 31 of 364

Nice rebound and about time too....

required field - 19 Jul 2010 14:39 - 32 of 364

Creeping up.....discovered something ?...

required field - 21 Jul 2010 09:38 - 33 of 364

Up again gently....

required field - 22 Jul 2010 08:03 - 34 of 364

4 out of 4 successful wells...remarkable !.......super discovery 250 million to over 500 million barrels of oil ......

required field - 22 Jul 2010 08:47 - 35 of 364

At long last some volume here....2.5 million shares traded....

required field - 22 Jul 2010 08:54 - 36 of 364

Suodnemert.....merveilleux...n'est-ce-pas...?...Foilkies eat your heart out....

required field - 22 Jul 2010 10:28 - 37 of 364

Going ballistic now amd rightly so, what with what has been discovered, more wells being spudded plus the possibility of acreage in Greenland alongside the likes of Cairn Energy : this has still a lot of untapped potential.

required field - 23 Jul 2010 08:46 - 38 of 364

Nobody else in this ?.....more to come in future months from FPM, a lot more....

cynic - 23 Jul 2010 08:49 - 39 of 364

why or where is there more and/or how soon?
market has shown no follow through either

required field - 23 Jul 2010 09:05 - 40 of 364

Big drilling campaign on going off Norway plus the possibility of Greenland acreage being awarded to them soon.....like Cairn Energy....the sp will go further bit by bit.
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