The key developments are broadly on track, with a just a few months delay at the Greater Njord area. The Company is extremely cautious with its oil price assumptions (US$60/bbl flat from 2019), which are well below its peers (US$70-80+/bbl). The Tor SE development could be a low cost near-term value driver for which we do not yet carry any value. Excluding Pil, which Faroe believes is overexposed, the Company is comfortable it can handle its nearterm development at current WI
29 Mar 2016
NOTES FROM FY15 PRESENTATION
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NOTES FROM FY15 PRESENTATION
Faroe Petroleum (FPM:LON) | 0 0 (-0.4%) | Mkt Cap: 371.0m
- Published:
29 Mar 2016 -
Author:
Stephane Foucaud -
Pages:
6
The key developments are broadly on track, with a just a few months delay at the Greater Njord area. The Company is extremely cautious with its oil price assumptions (US$60/bbl flat from 2019), which are well below its peers (US$70-80+/bbl). The Tor SE development could be a low cost near-term value driver for which we do not yet carry any value. Excluding Pil, which Faroe believes is overexposed, the Company is comfortable it can handle its nearterm development at current WI