Faroe Petroleom – another victory for ShareSoc

The Group’s Chairman John Bentley today announced at the AGM that, as a result of further dialogue with its larger shareholders, the Company intends to make a number of changes to the proposed Faroe Petroleum Exceptional Performance Incentive Plan ("EPIP") and consequently Resolution 7 has been withdrawn. The climb down is yet another feather in the cap of ShareSoc, the UK Individual Shareholders Society. We strongly recommend individual shareholders visit the ShareSoc site at http://www.sharesoc.org and join up