The main targets in the T-Rex well (6406/3-9) are lower Cretaceous sandstones of the Lange and Lysing formation.
The drilling operation, being undertaken by Maersk Oil as operator, is expected to be completed in early 2012.
Faroe holds a 30% interest in the T-Rex prospect, while Maersk Oil holds the remaining 70% participating interest.
Faroe chief executive Graham Stewart said the T-Rex prospect is situated in a well defined area and the well is a potential play opener in this prolific region with considerable follow up potential.
