DNO Acquires Additional Shares in Faroe Petroleum

 

13 April 2018 - DNO ASA, the Norwegian oil and gas operator, today announced that it has acquired 3,744,203 shares in Faroe Petroleum plc at a price of GBP 1.25 per share representing 1.02 percent of the outstanding shares in Faroe Petroleum.

Following the three transactions, DNO will own 105,247,866 shares representing 28.71 percent of the outstanding shares in Faroe Petroleum; all purchases have been made at a price GBP 1.25 per share.
 

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