Market Reaction: Negative given the likely high expectations from market participants. This mixed set of results has increased the size of the recoverable resources associated to Pil by 12-31 mmboe but the large upside (50-150 mmboe) associated to Boomerang is now off the table given the low quality of the reservoir encountered at the side track. Importantly, this has no impact on the risk factor of the upcoming Blink prospect targeting another potential extension (50-150 mmbbl) of the Pil di
17 Sep 2015
SMALL DISCOVERY AT BOOMERANG IN NORWAY
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SMALL DISCOVERY AT BOOMERANG IN NORWAY
Faroe Petroleum (FPM:LON) | 0 0 (-0.4%) | Mkt Cap: 371.0m
- Published:
17 Sep 2015 -
Author:
Stephane Foucaud -
Pages:
2
Market Reaction: Negative given the likely high expectations from market participants. This mixed set of results has increased the size of the recoverable resources associated to Pil by 12-31 mmboe but the large upside (50-150 mmboe) associated to Boomerang is now off the table given the low quality of the reservoir encountered at the side track. Importantly, this has no impact on the risk factor of the upcoming Blink prospect targeting another potential extension (50-150 mmbbl) of the Pil di