Faroe Petroleum said today that a fresh evaluation of its portfolio highlighted the "inadequacy" of DNO's takeover bid for the firm.
Bosses at Faroe Petroleum have ordered an independent valuation of the oil firm's assets as they seek to fend off a hostile takeover attempt.
DNO has threatened to withdraw its bid to acquire Aberdeen-based Faroe Petroleum if a decision is not made by January 2.
Faroe Petroleum’s chief executive has hit out at DNO’s hostile takeover bid, saying the Norwegian firm is “not offering the right price”.
Faroe Petroleum is stepping up efforts to convince shareholders to snub a hostile takeover offer from Norwegian firm DNO.
Faroe Petroleum bosses said today that criticism aimed at them by DNO was a “tactic” to draw attention away from the Norwegian firm’s low takeover offer.
Norwegian firm DNO has taken yet another dig at the Aberdeen oil firm it is trying to acquire.
A Norwegian oil firm has raised concerns about an asset swap deal agreed by the Aberdeen company it is attempting to take over.
Bosses at Faroe Petroleum urged investors to snub a hostile takeover offer from Norwegian oil firm DNO and hold onto their shares.
A top fund manager has taken a swipe at Norwegian oil firm DNO for its £444 million proposal to buy out Faroe Petroleum.
Norwegian firm DNO's £444 million takeover bid for Aberdeen-headquartered Faroe Petroleum is "clearly a low-ball offer", analysts have said.
Norwegian oil firm DNO said today that it would make an offer to buy the remaining shares in Aberdeen-headquartered Faroe Petroleum.
Three north and north-east firms have been singled out for special praise in an annual review of the UK’s legal market.
Faroe Petroleum will participate in seven wells by the end of next year as the North Sea oil firm "ramps up" exploration activity.
Faroe Petroleum has today said it is “pleased” DNO has withdrawn a request seeking seats on its board.
Oslo-listed DNO has withdrawn a request for a meeting to gain seats on Aberdeen-based Faroe Petroleum’s board, criticising the firm’s “increasingly hostile response”.
Faroe Petroleum said it is “very concerned” by actions from Norway’s DNO to “take control of its business".
Norwegian oil firm DNO has been paid £47.8million from the Kurdistan Government for crude oil deliveries from the Tawke license.
North Sea and Middle East-focussed operator DNO has announced a two-thirds increase in production from the Peshkabir field in Iraq.
Norwegian oil operator DNO has further boosted its stake in Aberdeen-based Faroe Petroleum.
Faroe Petroleum should be braced for a takeover from Norway’s DNO, according to a leading analyst.
Norwegian oil and gas operator DNO has purchased a 15% stake in Aberdeen-based Faroe Petroleum.
Norwegian oil and gas operator DNO has agreed to take over the operatorship of a licence in Kurdistan from ExxonMobil.
Norwegian oil and gas operator DNO has reported receipt of $41.26 million from the Kurdistan Regional Government for crude oil deliveries to the export market from the Tawke field.
Norwegian operator DNO has returned to the North Sea after buying Stavanger-based Origo Exploration Holdings.