Shares in Faroe Petroleum (FPM) and Dana Petroleum (DMX) have enjoyed a boost of 6.3 percent to their share price after the Atlantic Margin, North Sea and Norway-focused explorer announced an oil discovery at the Tornado exploration project, west of Shetland. The well discovered oil and gas in Tertiary reservoir sandstones, and data collection is currently ongoing. As a result, Dana Petroleum saw its shares rise by almost 3%, whilst shares in Faroe Petroleum got a 6% boost.
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