MEMORIES OF AN AUTUMN NIGHT IN HANNOVER Tonight at Torsvøll one must hope that the Landslið can carry on exactly where they left off last October in Hannover. They left the field in triumph as the whole [...] Tú Alfagra Land Mítt? that resounded through a now otherwise silent stadium. This was the climax of an unforgettable night of drama, spectacle and emotion. Here were the tiny Faroe Islands taking on mighty [...] there own backyard with 35,000 supporters expecting them to provide a goal feast. And this is exactly what one feared when they scored from a penalty awarded in the first minute after some desperate defending

býr í London, men sum hetta kvøldið var staddur í Hannover, hevði hesa fatan av dystinum: MEMORIES OF AN AUTUMN NIGHT IN HANNOVER Tonight at Torsvøll one must hope that the Landsli_ can carry on exactly where [...] Tú Alfagra Land Mítt? that resounded through a now otherwise silent stadium. This was the climax of an unforgettable night of drama, spectacle and emotion. Here were the tiny Faroe Islands taking on mighty [...] there own backyard with 35,000 supporters expecting them to provide a goal feast. And this is exactly what one feared when they scored from a penalty awarded in the first minute after some desperate defending

necessity more technical. These together with the film gave everyone an appreciation of the mechanics of Oil exploration and exactly what progress has been made in Faroese waters. And one can only be impressed [...] anyone in the World. With John in place as an ?Ambassador? there is a sense that the Faroese have finally achieved the same status as other nationalities who have an Embassy as a link with their homeland and [...] success and one of our achievements was to bring together Faroese people in this country. However, with an official Representative now in place to look after Faroese interests and the development of a confident

By Bruce McMichael Drilling in frontier areas such as offshore the Faeroe Islands is an expensive, nerve-wracking occupation fraught with economic uncertainty and personal danger, capable of giving jaded [...] countries in the region. At the same time, keeping a close eye on future offshore UK licence rounds is an important weapon in the explorer?s armoury. The UK will open its 21st licence round next year but it [...] department of energy spokesman added: ?We are still working on the licence round and expect to make an announcement early next year.? Fears that existing local industry, in particular the fishing industry

yet, when drilling for oil offshore Faroes began last year, doubtless many citizens were hoping for an instant bonanza. Predictably, that boom did not materialise. No matter how much success there is during [...] of the three exploratory wells drilled during the first Faroes offshore drilling season encountered what could ultimately prove to be viable quantities of gas/gas condensate ? Marjun (6004/16-1z). More than [...] ent. Just now, Agip is drilling the 164/27-1 well on the Rockall Trough Antaeus prospect, close to an earlier, apparently unsuccessful wildcat. The Antaeus well will also provide valuable data for the

barrels a day. Easy to see what Mr Goodlad?s thoughts are, when he comments: »We hope the Clair development will mean continuation of the Sullom Voe Oil Terminal much beyond what we have originally envisaged [...] benefit hugely once oil is discovered in the Faroese sector. Already speculations are mounting to what extent the islands? massive oil terminal at Sullom Voe will be able to handle oil extracted from Faroese [...] been made clear by the Faroese authorities that it was their intention to land Faroese oil in Faroe in an attempt to gain the full economic benefits. Mr Goodlad adds that Sullom Voe and a fictive Faroese terminal

decision on what tax rate to use on »derivative income« may be a complex one because there are several alternatives, depending on whether the taxpayer is (1) a wage earner (employee) or an (independent) [...] of everyday life for the Faroese people. Most Faroese taxpayers pay income tax as this is considered an appropriate way of financing the services that a modern society has to offer. Income tax is paid with [...] and collected in accordance with rules that are applicable to all Faroese citizens. In recent years an increasing number of special rules concerning income taxation have been enacted in the Faroe Islands

added Councillor Halcro-Johnston. »And that was exactly what was needed in a community that had depended so long on fishing and farming.« »It was also an opportunity for so many Orcadians, who had been forced [...] was writing and directing Local Hero,« he said. »There are so many parallels between what happens in the film and what actually occurred on Flotta and the sense of humour that comes across is very Orcadian [...] The Hollywood star Burt Lancaster steps out of a helicopter on to a remote Scottish beach. Playing an American oil tycoon called Felix Happer, he announces: »Now I'm here I think I'd like to organise a

reward and in so doing achieve an initial 30% saving on capital projects. Alliancing and partnering became the buzz words and CRINE proved a success although it was criticised as an initiative to stifle research [...] companies. The drilling has been a long time coming in Faroese waters but momentum is building in what might become an unstoppable force. The signs which marked the arrival of the industry in Aberdeen and Shetland [...] Sea sooner or later. His words were prophetic and it was he who was called to douse the flames on what was left of Occidental?s Piper Alpha platform. It was a tragedy which was to have a world wide impact

Aberdeen-headquartered Dana Petroleum, which holds an option over 20% of FK?s shares and as a strategic partner Had FK been floated on the LSE as an oil junior ahead of the first drilling campaign, it [...] dream of the Faroe Islands becoming an oil and gas producing province in their own right can ever be realised, if that ever happens. However, it is far too early to know what the real potential is, though figures [...] operators to drill the Faroe Islands Continental Shelf, remains sketchy. As expected, all focused on an area of the Faroe-Shetland Channel adjacent to the BP-operated Foinaven and Schiehallion oilfields