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Faroe Petroleum

16:52 on 23/11/2017

Current Price 102.67p | Bid 102.25p | Ask 103.50p | Change -1.21%

Company Overview

Faroe Petroleum PLC is a niche oil and gas company which has firmly established itself as the only independent, quoted company focused on value creation through exploration and appraisal drilling principally in the Atlantic margin – specifically the Faroe Islands and West of Shetlands. The Company is actively building a balanced portfolio of operated and non-operated exploration and appraisal properties, with significant stakes and an active programme. Faroe Petroleum has through successive licence applications and acquisitions built a substantial portfolio of exploration and appraisal assets in both the Atlantic margin and the UK central North Sea. The 14 licence portfolio offers considerable spread of risk and reward, and encompasses six licences West of Shetlands, four licences offshore the Faroe Islands, and four licence in the Moray Firth area of the Central North Sea, totaling some 8,000 square kilometres. The Company operates four of its Atlantic margin licences and three of its North Sea licences. In its non-operated licences Faroe Petroleum is in partnership with BP, Chevron, DONG, Eni, OMV, Shell and Statoil, all of which have an outstanding track record in oil and gas exploration and development.

Stock Details

ISIN GB0033032904
Shares in Issue 269,033,765
Market cap £ 180.25m
Sector Oil & Gas Producers
Indices FTSE AIM All-Share Index

Financial Highlights Year Ended 31/12/2015

Turnover £112.98 million
Operating Profit £-111.35 million
Dividend Yield 0.00
Dividend Per Share 0.00
Dividend Cover 0.00
P/E Ratio -3.40
» More Financials

Key Personnel

Helge Hammer COO
Graham Stewart CEO

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Price Summary

Mid Price ? 102.25p
Bid Price ? 102.25p
Ask Price ? 103.50p
Volume ? 290632
Change Today -1.25p
% Change Today -1.21%
Open 103.50p
Previous Close 102.25p
Intraday High 104.25p
Intraday Low 101.50p
52 Week High 82.00p
52 Week Low 42.50p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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