Market Reaction: Negative. While we carried Blink at only £0.04 per share, a success would also have opened up further upside. A discovery would have also almost doubled the volumes associated with the Pil area, boosting the likelihood of finding a partner to derisk its development. Faroe continues to offer value with a great balance sheet but the nature of the exploration upside is now different.
03 Nov 2015
DISAPPOINTING RESULTS AT BLINK
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
DISAPPOINTING RESULTS AT BLINK
Faroe Petroleum (FPM:LON) | 0 0 (-0.4%) | Mkt Cap: 371.0m
- Published:
03 Nov 2015 -
Author:
Stephane Foucaud -
Pages:
2
Market Reaction: Negative. While we carried Blink at only £0.04 per share, a success would also have opened up further upside. A discovery would have also almost doubled the volumes associated with the Pil area, boosting the likelihood of finding a partner to derisk its development. Faroe continues to offer value with a great balance sheet but the nature of the exploration upside is now different.