Production is strong thanks to the performance of the DONG Assets more than offsetting weaker performance at the legacy portfolio. Some additional reserves booking possible (likely) at Tambar at YE16 as the partners approve the FY17 Capex programme. Production at Brage and Tambar in 2017 could go up on infill drilling and gas lift. The Company talked about an adjusted cash payment of less than £45 mm to DONG at completion of the acquisition of DONG asset. This looks well above our expec
20 Sep 2016
NOTES FROM 1H16 CONFERENCE CALL
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NOTES FROM 1H16 CONFERENCE CALL
Faroe Petroleum (FPM:LON) | 0 0 (-0.4%) | Mkt Cap: 371.0m
- Published:
20 Sep 2016 -
Author:
Stephane Foucaud -
Pages:
5
Production is strong thanks to the performance of the DONG Assets more than offsetting weaker performance at the legacy portfolio. Some additional reserves booking possible (likely) at Tambar at YE16 as the partners approve the FY17 Capex programme. Production at Brage and Tambar in 2017 could go up on infill drilling and gas lift. The Company talked about an adjusted cash payment of less than £45 mm to DONG at completion of the acquisition of DONG asset. This looks well above our expec