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Unaudited Interim Results for the six months ended 30 June 2015

 

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, announces its unaudited Interim Results for the six months ended 30 June 2015.

Highlights

Operations – strong production performance and exploration continuing to deliver resource growth

Finance – enhanced cash flows and robust balance sheet 

Outlook – narrowing of production guidance and continuing high-impact exploration programme