just look at part of these incomes. An overview compiled by Jarðfeingi shows that during the period from 2000 to the awarding of the first exploration licenses and upto 2006, some of the oil revenues had [...] how large a part of the money flows through the Faroe economy. -“Sindri is of a special nature, which possibly can be compared to the work done by the oil companies in connection with the Faroe area. Expenditure [...] when drilling started upon the first exploration well in south western part of the Faroe plateau. Drillings continued until 2002, when the last drilling from the first round was completed. Oil revenues however

most of the ONS and Offshore Europe exhibitions in Stavanger and Aberdeen over the last 15 – 20 years. The Atlantic Margin has changed much in recent years. There was considerable optimism for the area [...] area on the back of the UK Schiehallion and Foinaven discoveries, and following the boundary agreement between the UK and the Faroese in 1999 the industry embarked on exploring the Faroese shelf with no less [...] in the exploration for oil and gas on the Faroese Shelf. Sosialurin, founded in 1927, is the biggest newspaper in the Faroe Islands. Sosialurin has focused on the Oil and Gas industry for the last 30 years

Hoydal, Chairman of the Board, AP ------ The last year has shown very strong growth in Atlantic Petroleum, AP. This is well reflected in the trust shown by investors and the markets in the AP share. An investor [...] last year. At this point in time the Company is prepared and ready to go into the third phase of its development. Phase One The idea behind the establish­ment of Atlantic Petroleum was to use the upcoming [...] Furthermore, the company would get access to the industry and to more opportunities. The early development of the Company should be based on the activities on the Faroese Continental Shelf. The shareholder

--------- During the debate of the PM’s speech, which he held to the nation on the national holiday the 29th of July, the Minister for hydrocarbon affairs, Mr Bjarni Djurholm had the following comments [...] but based upon the activity level, which has been agreed for the Faroe area and the drillings on the UK side of the border, we estimate there is a growing interest for the area west of Shetland and thereby [...] Iceland to determine the feasibility of laying a power cable from Iceland to the Faroes, and then there is the project looking at the possibility of converting wave-power into a source of electricity. Later

succesful micro state. The choice of sovereignty is, of course, not one for all very small societies. But the experience of sovereignty for so many micro-states in the years of independence should inspire confidence [...] 99: “In contrast to Iceland the story of Newfoundland has been one of tragic disappointment, a cronic case of psychological and material dependence. Icelanders to the last explain their survival, indeed [...] dangerous waters. Iceland is the story which, perhaps more than any other, confounds the calculations of chronic disadvantage in very small and remote states. While not alone, it is the quintessential succesful

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