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Last €1.11 EUR
Change Today +0.019 / 1.74%
Volume 0.0
GYJ On Other Exchanges
Symbol
Exchange
London
As of 9:49 AM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

faroe petroleum plc (GYJ) Snapshot

Open
€1.09
Previous Close
€1.09
Day High
€1.11
Day Low
€1.09
52 Week High
05/5/14 - €1.86
52 Week Low
12/15/14 - €0.73
Market Cap
298.4M
Average Volume 10 Days
400.0
EPS TTM
--
Shares Outstanding
268.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FAROE PETROLEUM PLC (GYJ)

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faroe petroleum plc (GYJ) Details

Faroe Petroleum plc, an independent oil and gas company, is engaged in the exploration, appraisal, development, and production of oil and gas fields in Northwest Europe. The company holds interests in the Njord, Hyme, Brage, and Ringhorne East fields in Norway; and the Blane and the East Foinaven fields in the United Kingdom. It also holds production interests in the Jotun field in Norway; and the Schooner, Topaz, and Orca gas fields in the UK Southern Gas basin. The company was founded in 1997 and is headquartered in Aberdeen, the United Kingdom.

Founded in 1997

faroe petroleum plc (GYJ) Top Compensated Officers

Chief Executive Officer, Executive Director, ...
Total Annual Compensation: 479.0K GBP
Chief Financial Officer
Total Annual Compensation: 167.0K GBP
Chief Operating Officer, Executive Director, ...
Total Annual Compensation: 380.0K GBP
Compensation as of Fiscal Year 2013.

faroe petroleum plc (GYJ) Key Developments

Faroe Petroleum plc Announces Audited Preliminary Group Earnings Results for the Year Ended December 31, 2014

Faroe Petroleum plc announced audited preliminary group earnings results for the year ended December 31, 2014. For the year, the company’s revenue was £129,222,000 against £129,387,000 a year ago. Operating loss was £152,639,000 against operating profit was £20,971,000 a year ago. Loss on ordinary activities before tax was £165,796,000 against profit on ordinary activities before tax of £10,024,000 a year ago. Loss for the year was £54,981,000 or 22.6 pence per diluted share against profit for the year of £14,074,000 or 6.0 pence per diluted share a year ago. The loss before and after tax year-on-year is due primarily to the higher exploration write-offs and impairment charges on producing assets in the year ended 31 December 2014. Net cash generated from operating activities was £71,404,000 against £118,940,000 a year ago. Purchases of intangible and tangible assets were £136,019,000 against £121,990,000 a year ago. Exploration and evaluation expenses for the year were £139,374,000 compared to £22,233,000 a year ago. This includes pre-award exploration expenses of £7.7 million and write-offs of licence-specific exploration and evaluation expenditure on previously capitalised licences where active exploration has now ceased was £131.7 million.

Faroe Petroleum plc Announces Spudding of the Shango Exploration Well 25/6-5S

Faroe Petroleum plc announced the spudding of the Shango exploration well 25/6-5S (Faroe 20%). The Shango prospect in Licence PL 627 (named Skirne East by the operator Total E&P Norge AS (Total)) is located in the Norwegian North Sea on the northern part of the Utsira High approximately 5 kilometres from the producing Skirne field, which is also operated by Total. Shango is a structural prospect where the primary target is the Middle Jurassic Hugin formation reservoir, which has proved to be of excellent quality in the neighbouring Skirne field. Shango is located on the spill-route from the Skirne field which is producing above expectations and has been interpreted to be filled to spill. A fast-track subsea development to the Skirne field is planned if the prospect is found to contain a similar gas and condensate hydrocarbon type as found in Skirne. Skirne has been developed as a tie-back to the Statoil-operated Heimdal platform approximately 24 kilometres to the west. The Shango exploration well, located in approximately 120 metres of water, is being operated by Total (40%) using the Leif Eriksson drilling rig with partners Centrica Resources Norge AS (20%) and Det norske oljeselskap AS (20%). Results from the well will be announced when drilling operations are complete.

Faroe Petroleum plc, 2014 Earnings Call, Mar 24, 2015

Faroe Petroleum plc, 2014 Earnings Call, Mar 24, 2015

 

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GYJ Competitors

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Amerisur Resources PLC 30.25 GBp 0.00
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Industry Analysis

GYJ

Industry Average

Valuation GYJ Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.4x
Price/Book 0.7x
Price/Cash Flow 2.8x
TEV/Sales 1.7x
 | 

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