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FINANCIAL BRIEF: For the fiscal year ended 31 December 2012, Faroe Petroleum plc revenues increased 98% to L158.8M. Net loss totaled L5.2M vs. income of L47.4M. Revenues reflect Oil Equivalent Production (Units/day), T increase from 3K to 7K barrels per day. Net loss reflects Exploration and Development Costs, Total increase of 88% to L79.7M, Net gain on disposal of property, plant decrease of 96% to L1.7M (income). more »

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BROKER FORECASTS
31st Dec 2013
31st Dec 2014

Price Target: 190.3p (+62.71% above Price) Net Profit EPS DPS Net Profit EPS DPS
Est. Long Term Growth Rate: +1.0% (£) (p) (p) (£) (p) (p)
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20 brokers BROKER CONSENSUS & FORECAST TREND
Broker Recommendations for Faroe Petroleum
Recommendation:Strong SellSellHoldBuyStrong Buy
No. of Analysts: 0 0 4 7 9

Named Brokers and Analysts
Jefferies & Company, Inc. Matthew Lambourne , Credit Suisse Thomas Adolff , Investec Bank (UK) Plc Brian Gallagher , Canaccord Genuity Charlie Sharp , FirstEnergy Capital Corp. Barry Leaper , Nomura Securities Tom Robinson , Seymour Pierce (Historical) , Panmure Gordon Leila Reddy , Numis Securities Sanjeev Bahl , Peel Hunt Werner Riding , Edison Investment Research Peter Dupont , Macquarie Research Mark Wilson , Westhouse Securities Ltd. Dragan Trajkov , FinnCap Will Arnstein , Matrix Corporate Capital LLP , Liberum Capital Kate Sloan , Cantor Fitzgerald Europe Sam Wahab , VSA Capital Ltd Dougie Youngson ,

Faroe Petroleum plc is engaged in the exploration, appraisal, development and production of oil and gas reserves. The principal geographic areas of activity during the year ended December 31, 2011, was the North Atlantic margin, the North Sea and the Norwegian Sea. As of December 31, 2011, the Company had a production portfolio of four principal oil and gas fields and six secondary fields. As of December 31, 2011, the Company had a portfolio of over 40 licenses, spanning the Atlantic margin, Norwegian Sea, Barents Sea and the North Sea. The Company is the operator of P1839 (Faroe 50%), which contains the Aileen prospect. The Milagro prospect in PL590 (Faroe 30%) is located in the Grinda Graben to the north of Maria discovery. In May 2011, it acquired an18% interest in the Blane oil field in the United Kingdom. In March 2012, Faroe announced that oil had been discovered on the T-Rex and Bolan exploration prospects in PL431 in the Norwegian Sea (Faroe 30%).

Directors: Graham Stewart (CEO) 52, Jonathan Cooper (CFO) 43, Helge Hammer (COO) , Julian Riddick (Secy.) ,

No. of Employees: 37 No. of Shareholders: n/a


Last Annual December 31st, 2012
Last Interim December 31st, 2012
Shares in Issue 212,385,353
Free Float 151.0m (71.1%)
Sector Energy
Industry Oil & Gas
Index FTSE Aim All Share, FTSE Aim 100, FTSE Aim UK 50,
Exchange London Stock Exchange (AIM)
Eligible for an ISA? a SIPP?

Address 24 Carden Place, ABERDEEN, AB10 1UQ, United Kingdom
Web http://www.faroe-petroleum.com/
Phone +44 1224 650920
Contact Graham Stewart (Chief Executive, Executive Director)
Registrar Capita Registrars
Auditors Ernst & Young LLP

FPM SHARE PRICE PERFORMANCE FPM QUOTE
FPM Share Price GBp
115.5p
Day's Change
-1.5  -1.3%
Traded 4:44pm · Minimum 15 min delayed

LATEST FPM NEWS ANNOUNCEMENTS (delayed)

UPCOMING FPM EVENTS
Friday 31st May, 2013 (estimate)
Faroe Petroleum PLC Annual General Meeting
Monday 16th September, 2013 (estimate)
Interim 2013 Faroe Petroleum PLC Earnings Release

Recent ↓
Monday 15th April, 2013
Faroe Petroleum PLC at Bank of America Merrill Lynch Oil & Gas 1-1 Investor Forum
Tuesday 26th March, 2013
Preliminary 2012 Faroe Petroleum PLC Earnings Release
Tuesday 26th February, 2013
Faroe Petroleum PLC Projects Update and Analyst Trip
Wednesday 16th January, 2013
Faroe Petroleum PLC Operational Update
Monday 7th January, 2013
Faroe Petroleum PLC at MACQUARIE Oil & Gas Explorers Conference
Tuesday 18th September, 2012
Interim 2012 Faroe Petroleum PLC Earnings Release
Thursday 24th May, 2012
Faroe Petroleum PLC Annual General Meeting
Tuesday 27th March, 2012
Preliminary 2011 Faroe Petroleum PLC Earnings Release
Monday 5th December, 2011
Faroe Petroleum PLC Operational Update
Wednesday 30th November, 2011
Faroe Petroleum PLC at Bank of America Merrill Lynch E&P and Oil Services Conference


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