Faroe Petroleum gets new exploration licence

Print
Tue, Jan 26, 2010

Gas Company News
Post by Melissa Pistilli, Gas Reporter

Faroe Petroleum Plc (FPM.L) reported that the company was awarded a new exploration licence in Norway and was prequalified as an operator for the Norwegian Continental Shelf.

The press release is quoted as saying:

The oil and gas explorer said significant hydrocarbon potential had been identified within the new Norwegian Sea licence, PL477B, located adjacent to the company’s existing PL477 Cooper licence. Faroe Petroleum was awarded a 30 percent interest in the licence.

Click here to access the entire press release

Questions about this article? Leave a comment below or contact our editorial team at editor@resourceinvestingnews.com.

Top Articles
Latest from this Author
Share this Article

This Week's Most Read Articles

Latest Gas Articles from Melissa Pistilli

What is Gas Investing News' Comment Policy?
Gas Investing News pre-moderates comments on our blog posts and post-moderates comments on news stories. We never censor comments based on political or ideological point of view. We only delete those comments that include the following transgressions:

Are abusive, off-topic, use excessive foul language
Include ad hominem attacks including comments that celebrate the death or illness of any person, public figure or otherwise
Contain racist, sexist, homophobic and other slurs
Are solicitations and/or advertising for personal blogs and websites
Thread spamming (you've posted this same comment elsewhere on the site)
Are posted with the explicit intention of provoking other commenters or the staff at Gas Investing News
Contains content that may infringe the copyright or intellectual property rights of others or other applicable laws or regulations.

Asides

For upcoming gas investing trade shows, see the following links: World Junior Oil and Gas Congress
The Gas Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
GasInvestingNews.com maintains a focus on Gas exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.