Faroe Petroleum, the independent oil and gas-company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, announces that Mr Bjorn Dale has been appointed as Chairman of the Company and Mr Orjan Gjerde has been appointed as Non-Executive Director of the Company with immediate effect.
John Bentley (Chairman), Graham Stewart (Chief Executive Officer), Helge Hammer (Chief Operating Officer), Jonathan Cooper (Chief Financial Officer) and Roger Witts have resigned as Directors of the Company.
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Save for the information disclosed above, there are no further disclosures to be made in accordance with Schedule Two paragraph (g) of the AIM Rules in respect of the appointment of Mr Bjorn Kenneth Dale and Mr Orjan Gjerde.
The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014, and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
In accordance with Rule 26 of the Takeover Code, a copy of this announcement will be available, subject to certain restrictions relating to persons resident in Restricted Jurisdictions, on Faroe' website at https://www.fp.fo/ by no later than 12 noon on the Business Day following the date of this announcement. For the avoidance of doubt, the content of the website is not incorporated into and does not form part of this announcement.
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