Faroe in Funds

The ScotsmanApril 14, 2006

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Summary


FAROE Petroleum, the Aberdeen oil and gas minnow, has conditionally raised GBP 25 million through a share placing, which helped push its share price up nearly 11 per cent yesterday.

The issue is subject to shareholder approval at an EGM being held on 8 May.

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Faroe in Funds

Chief executive...

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