Brasse East Well Commitment
23 May 2018 Faroe Petroleum plc ("Faroe", the "Company") Brasse East Well Commitment Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce the commitment by the PL740 Brasse Joint Venture partners (Faroe 50% and operator and Point Resources 50%) to drill the Brasse East exploration well and award the associated rig contract, with commencement of drilling operations expected in Q4 2018. Recent seismic reprocessing and reinterpretation work has