FAROE PETROLEUM - Big Exploration Acreage - Big upside?

Fears over security of natural gas supplies arising out of the Gazprom/Ukraine dispute which is taking on a serious international dimension, is an indication of the value of N.Sea oil & gas assets. Accordingly, FPM and other minnows with significant licences covering extensive areas of the N.Sea, will become increasingly valuable and equally vulnerable to be snapped up by bigger fish prowling the waters. FPM is withing 6 months of carrying out it first drilling, whilst sharing in another operation in roughly the same period. In the run ups, I expect to see the sp rise in anticipation of a find, which in the event even if only of a modest commerical size, will transform FPM's rating.