Market Reaction: neutral. Without further information it is difficult to assess the results of the Brasse well. While the Company encountered good quality sands containing oil and gas (which would be positive) and is upbeat about the well, there is no mention of net pay while extensive logging and coring activities took place. The side track well could be either interpreted as a well chasing the upside and the Water Oil Contact or as a well trying to address concerns on reservoir quality cont

16 Jun 2016
DISCOVERY AT BRASSE IN NORWAY - WAITING ON SIDE TRACK FOR MORE DETAILS

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DISCOVERY AT BRASSE IN NORWAY - WAITING ON SIDE TRACK FOR MORE DETAILS
Faroe Petroleum (FPM:LON) | 0 0 (-0.4%) | Mkt Cap: 371.0m
- Published:
16 Jun 2016 -
Author:
Stephane Foucaud -
Pages:
2 -
Market Reaction: neutral. Without further information it is difficult to assess the results of the Brasse well. While the Company encountered good quality sands containing oil and gas (which would be positive) and is upbeat about the well, there is no mention of net pay while extensive logging and coring activities took place. The side track well could be either interpreted as a well chasing the upside and the Water Oil Contact or as a well trying to address concerns on reservoir quality cont