Faroe, DONG swamp North Sea assets

Faroe has acquired a 10% interest in the Trym development from DONG E&P Norge in exchange for a 9.3% interest in the producing Norwegian Glitne oil field; a 1.86% interest in the producing Enoch field; and an initial cash payment of $13.8 million.

Offshore staff

ABERDEEN, UK -- Faroe has acquired a 10% interest in the Trym development from DONG E&P Norge in exchange for a 9.3% interest in the producing Norwegian Glitne oil field; a 1.86% interest in the producing Enoch field; and an initial cash payment of $13.8 million.

11/20/2009

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