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

Nice to see this up....remain convinced of a very well managed oil company that without any fuss is quietly developing positions around the shetlands,scotland, artic circle, norway......very...very...promising.....watch the percentages on wells increase as we go along !....Share mag tip plus IC tip as well....surprised that TW or EK have not spotted this one yet !.

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Thanks Harrycat.....the graph looks good and is in the ascendancy....big update expected....soon....

although the graph is encouraging and their strike rate has until the last one, been very impressive, daily volume is <1m shares so tread carefully if taking the plunge

IG, and no doubt others, also think its a very high risk stock as 25% margin is demanded against only 5% for a blue chip or perhaps 10% for the likes of Tullow

That's for cfd's.....but it's worth it for this one ....

true, and of course no one would accuse you of ramping and shameless touting LOL!!

Quoi ?...moi ?....nonsense.....I've worked out that for TLW it has to go up or down by 8.5p for 1p in FPM....now given the difference with the margin...it's still worthwhile taking a punt on these.....terms and conditions apply...stocks and shares can go down as well as up...please sign here......euhhh.....just got carried away then.....

chuckle chuckle!
found myself more tempted for quick profit for much less margin by RBS and am glad to say my ravaged pot (sounds like an interesting euphemism!) is recovering very well

Quite a few positions myself....one in Tesco...hoping for a rebound....and hoping is all it seems to be for the moment....

Trickling up...nice....

StockMarketWire.com
Faroe Petroleum has revealed disappointing results from the Kalvklumpen exploration well which is being plugged and abandoned.

The 25/6-4 S Kalvklumpen well in the Norwegian North Sea spudded on 10 January and reached total depth of 2,738m within the Dunlin Formation.

The well targeted sandstones of the Palaeocene Hermod Formation and the Jurassic Brent Group and, whilst excellent reservoirs were confirmed in both targets, no hydrocarbons were encountered.

Faroe Petroleum - which has a 20% interest - said it has gathered considerable new data which will be used to de-risk other prospects in this prospective area where it owns several licences including the PL627 Shango, PL414B Oksen and PL507 Tetrao/Knorke licences.

The drilling operation was undertaken by Det Norske Oljeselskap as operator (40% participating interest), using the Songa Delta drilling rig.

Faroe Petroleum chief executive Graham Stewart said: "This is our first exploration well in this northern part of the Utsira High area, which has seen recent exploration success in the Atla discovery, located close to Faroe Petroleum's acreage.

"Whilst the results for the Kavlklumpen well are disappointing, the extensive data acquired will be now be applied to evaluate and de-risk further prospects within this and the adjacent licences held by the company in this prospective area."

looks like stay away time

Of course not...other wells on going....and for once they come up dry.....one day this will take off like a rocket.....

one day i'll die too

Let's be cheerful...(if possible)......I have quite a few of these and there is work going on at the tynosaurus rex well...(I think that's what they call it).....

nothing to prevent you dumping garbage and re-investing somewhere more likely to be profitable

Hey !....this share is not garbage.....just a bit of patience cinners.....more upside over the next year than downside.....look : a dry well and down 6p....now how may others would have a dry well and be down only by that amount ?....not many...

logic remains sound .... FPM is going nowhere except potentially south for at least some time to come

Not if this current well comes right.

i'ld rather hold pmo for north sea exposure, and just possibly xel