Faroe Petroleum completes acquisition of interests in UK Blane and Enoch fields

Faroe Petroleum has completed the previously announced acquisition of Roc Oil (GB Holdings) Limited, which holds a 12.5006% interest in the Blane Unit in the UK North Sea and a 12.00% interest in the Enoch Unit in the UK North Sea. Post-Acquisition Faroe will hold in aggregate a 30.5047% non-operated interest in the Blane Unit (Pre-Acquisition interest 18.0041%) and a 13.86% non-operated interest