It subsequently raised £2.2 million and, with Graham Stewart onboard as non-executive chairman, landed blocks 002 and 005 in 2000 in partnership with Eni in the round.
Just over two years later Faroe Petroleum was formed to be FK's holding company and immediately made a successful offer to buy FK, which now looks after the two Faroese licences, under managing director Nils Sorensen.
Responsibility
