the Faroes Consortium (BG, DONG and Atlantic Petroleum) that successfully pushed the lucky Marjun Prospect wildcat well to a much greater depth than was originally planned. With one clear discovery notched [...] because they will significantly influence where the next tranche of wells are drilled. With three ticked off so far, there are another five commitment wells to drill under the four six-year licences awarded [...] he said that data obtained would be useful while planning Statoil?s next commitment well. Faroese petroleum minister, Eydun Elttur, said of the first result: ?Obviously it is disappointing that Statoil

frustrating. The good thing about the UF-Faroe boundary deal is that it appears reasonably equitable. Oil folk are happy. Fisherfolk are appeased. Much of the boundary is equidistant. There is only one [...] agreement without hesitation. It is curious that the one dissenting voice was former isles prime minister? Edmund Joensen. One hears that he believed a better deal could have been brokered, had UK PM Tony [...] round to be launched and for oil companies to test the hunch that reserves of crude and gas are trapped beneath the massive basalt shielt that masks much of the sedimetary rock beneath the archipelago and