Faroe release its FY 2017 operational update this morning, which looks broadly inline with our model, so we don’t expect to make any major changes to our RENAV of 125p. Given a strong balance sheet, several wells drilling in 2018 and good progress on developments so far, we remain with our BUY recommendation.
13 Feb 2018
Operational update
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Operational update
Faroe Petroleum (FPM:LON) | 0 0 (-0.4%) | Mkt Cap: 371.0m
- Published:
13 Feb 2018 -
Author:
Jessica Saadat -
Pages:
3
Faroe release its FY 2017 operational update this morning, which looks broadly inline with our model, so we don’t expect to make any major changes to our RENAV of 125p. Given a strong balance sheet, several wells drilling in 2018 and good progress on developments so far, we remain with our BUY recommendation.