Faroe held an analyst trip on 18th and 19th of October in Norway. The Company unveiled production addition (+3.5-5.5 mboe/d) at Tambar well beyond our expectations. While the most likely tie-back development concept at Pil means that the field net production plateau is just 7 mboe/d versus 13.5 mboe/d previously, Brasse and Njord are expected to contribute 16 mboe/d by 2021; which is well above our expectations. Overall, we believe that the company’s existing assets could comfortably support c.4 ....
