Faroe is a North Sea E&P focused on Norway and the UK. It produced at 17.4mboe/d in 2016, and holds 77mmboe of 2P reserves. The company has a series of development projects, which are planned to get production to 40-50mboe/d in 2021. Portfolio diversity controls risk, and coupled with the defined growth profile, we believe the shares are attractive. Buy.
17 May 2017
Land of the Faroes
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Land of the Faroes
Faroe Petroleum (FPM:LON) | 0 0 (-0.4%) | Mkt Cap: 371.0m
- Published:
17 May 2017 -
Author:
Daniel Slater -
Pages:
39
Faroe is a North Sea E&P focused on Norway and the UK. It produced at 17.4mboe/d in 2016, and holds 77mmboe of 2P reserves. The company has a series of development projects, which are planned to get production to 40-50mboe/d in 2021. Portfolio diversity controls risk, and coupled with the defined growth profile, we believe the shares are attractive. Buy.