Nautical Petroleum Share Discussion Threads

[flyingbull] 30/3/2012 17:54

Fancy a challenge? Here is the April monthly oil stock competition


Regards,
fb

[steelwatch] 30/3/2012 17:24

Nice comments from Edison added to the header.

As Nautical's Kraken field moves from exploration to development, investors have been understandably wary of dilution risk. However, following a transformational agreement with EnQuest and now a highly encouraging reserve upgrade, all the pieces are falling into place. With the potential to also improve Nautical's funding capacity for Catcher, thus preserving shareholder value, Nautical is one of only a few developers who offer significant upside with ever diminishing execution risk.

Click on their note dated 30/03/12 at the bottom centre.

[oilretire] 29/3/2012 16:36

Your snap shot makes for easier reading though ;-)

As I say though in regards to timing the TRAP Orchid result is the one to look out for - I hope they don't give up the 711 too quickly & have a test program to complete first......

[oilretire] 29/3/2012 16:20

Drilling Operations – Carnaby 28/09 (New 27-03-2012)
Drilling Rig/Ship Start Date Finish Date Installation Name/ Well No Position
Transocean Sedco 711 10-04-2012 30-06-2012 Carnaby 28/09 56°45.015'N 000°36.839'E
For further information, please contact: Gail Constable, ADTI, Tel:[phone], email: [e-mail]



711 is currently drilling Orchid well for TRAP (& others) - a short rig move away.

[steelwatch] 29/3/2012 16:18

Thanks for that info Bwana.



May be a tad optimistic, but only by a matter of days imo.

[bwanabanana] 28/3/2012 18:36

A contact of mine was called by headhunters today looking to fill roles in the Kraken development team. Looks like the CPR was the green light

BWANA

[leedskier] 27/3/2012 17:08

Many thanks b4.

[back4gain4again] 27/3/2012 10:19

leedskier

page 5 of

[leedskier] 26/3/2012 10:16

No jaws ... who posted that?

[jaws6] 26/3/2012 09:41

leedskier
Seen buy note with 550 target.

[steelwatch] 26/3/2012 09:29

Infrastrata PLC
26 March 2012

For Immediate Release 26 March 2012
InfraStrata plc
("InfraStrata" or the "Company")

Further seismic acquisition in Northern Ireland

InfraStrata plc (AIM:INFA), the independent gas storage and petroleum exploration company, is pleased to announce that Tesla Exploration International Limited ("Tesla") will be undertaking a further infill seismic programme over petroleum licence PL1/10 during June 2012.

The decision to undertake the new survey was taken after completion of the interpretation of 288 kilometres of 2D Vibroseis seismic data acquired during 2011. The PL1/10 partners are very encouraged by the identification of several large leads. The new seismic programme will comprise 100 kilometres of 2D Vibroseis data to refine the structural interpretation over the high-graded leads, and identify a suitable location for drilling the first exploration well.

Commenting on the new survey, Andrew Hindle, CEO of InfraStrata plc said:
"Although it was anticipated that we would confirm a thick sedimentary sequence within the Larne-Lough Neagh Basin, the challenge before the 2011 survey was to design a programme to successfully image below the Tertiary basalt, which is at the surface over the majority of the licence area. We have managed to achieve this and confirm that the structural style is similar to our analogue, the East Irish Sea Basin.

The primary objectives are sandstone reservoirs within the Triassic and Permian sequences, each overlain by saliferous sealing intervals.

We look forward to working with Tesla and local stakeholders to refine the interpretation and progress the project towards the drilling of our first exploration well."

For further information please contact:
InfraStrata plc Andrew Hindle, Chief Executive Officer 020 8332 1200
Craig Gouws, Chief Financial Officer
Financial PR - Buchanan Richard Darby/Gabriella Clinkard/James Strong 020 7466 5000
Nominated Advisor and Broker - Seymour Pierce Jonathan Wright/ Sarah Jacobs - Corporate Finance 020 7107 8000 Richard Redmayne - Corporate Broking

Notes to Editors:
Background on InfraStrata plc
InfraStrata is an independent gas storage and petroleum exploration company. The Company is focused on two areas in the UK, in Dorset, England and Antrim, Northern Ireland.

Further information is available on the Company's website www.infrastrata.co.uk.

Background on petroleum licence PL1/10
The petroleum licence PL1/10 (Central Larne - Lough Neagh Basin) in Northern Ireland was awarded in March 2011. The licence covers an area of 663 square kilometres. The initial licence term is five years with a decision on drilling a well required within three years. InfraStrata is the operator of the licence and holds a 30% direct interest, and an additional net 20% interest via a 50% shareholding in partner company Brigantes Energy Limited.

The partners in the licence are:

InfraStrata plc 30%
Brigantes Energy Limited 40%
Nautical Petroleum plc 20%
Terrain Energy Limited 10%

The majority of InfraStrata's exploration costs are carried by partners through to the drilling of a well and partially carried for the first well.
In accordance with the AIM Rules - Note for Mining and Oil and Gas Companies, the information contained in this announcement has been reviewed and signed off by the Chief Executive Officer of InfraStrata plc Dr Andrew Hindle, a Chartered Geologist with over 25 years' experience.

[steelwatch] 26/3/2012 09:16

"The reserve determination will take place during the development drilling phase".

[bomfin] 26/3/2012 09:03

Not until confirmed by development wells imho dyor

[rogsim] 26/3/2012 08:00

As the independent assessment of 2P exceeds 166 Mmb (just), does this mean that NPE will now receive the extra $90m from Enquest?

[leedskier] 26/3/2012 07:41

There are problems with accessing the news on ADVFN this morning, so I will post this ...

Nautical Petroleum PLC

26 March 2012


For immediate release 26 March 2012

Nautical Petroleum plc

("Nautical" or the "Company")

Kraken Resources Re-classified as Reserves

Nautical Petroleum plc (AIM:NPE) is pleased to announce the results of an Independent Reserves Opinion (IRO) conducted by Gaffney, Cline & Associates Limited (GCA) on the Kraken discovery, located in North Sea Block 9/2b (Nautical 25%).

The IRO follows the successful 9/02b-5z well drilled in Q3, 2011, which proved a commercial flowrate. GCA has reviewed the well data and the Company's updated reservoir simulation model on the Heimdal III/II reservoir, which is the focus of the proposed development of Kraken. In addition, GCA examined the Company's draft Field Development Plan for Kraken, including capital and operating costs, in order to provide an independent opinion on the Reserves.

The Society of Petroleum Engineers Petroleum Resource Management System (SPE PRMS) places certain criteria on the determination of commerciality for an oil or gas field at which point Reserves can be assigned. GCA has reviewed those criteria with Nautical and based on its analysis, including an assessment of the future economics of the project, GCA believes that Reserves may be assigned. Such recognition requires that the Kraken field is developed as described in the draft Field Development Plan, including the timetable for development.

The following table outlines the results of GCA's evaluation of the Heimdal III/II reservoir:


Categorization Gross Field Reserves Net to Nautical
(MMstb) Reserves
(MMstb)
------------------------ --------------------- ----------------
1P (Proved) 89 22
------------------------ --------------------- ----------------
2P (Proved + Probable) 167 42
------------------------ --------------------- ----------------
3P (Proved+ Probable
+ Possible) 273 68
------------------------ --------------------- ----------------

Note: These Reserves have been assigned according to the Standard of the Petroleum Resource Management System (PRMS) as defined by the Society of Petroleum Engineers (SPE)/World Petroleum Council (WPC)/American Association of Petroleum Geologists (AAPG)/Society of Petroleum Evaluation Engineers (SPEE) Resources Guidelines and Definitions of March 2007.

Commenting on this announcement Steve Jenkins, Chief Executive Officer of Nautical said:

"I am delighted that this independent opinion has endorsed our internal view of the reservoir and re-classified all the substantial resources in Kraken to reserves. We continue to make excellent progress towards the submission of the Field Development Plan, leading to first oil in 2015."

For further information please contact:


Nautical Petroleum plc 020 7647 0120
Steve Jenkins, Chief Executive Officer
Paul Jennings, Commercial Director
Will Mathers, Finance Director

Buchanan 020 7466 5000
Tim Thompson
Ben Romney
Helen Chan
Evolution Securities - Nominated Advisor
& Joint Broker 020 7597 5970
Chris Sim
Neil Elliot

RBC Capital Markets - Joint Broker
Tim Chapman
Matthew Coakes 020 7653 4000

This update has been approved for issue by Steve Jenkins, Chief Executive Officer of Nautical Petroleum plc. Mr. Jenkins is a "qualified person" for the purposes of AIM's Note for Mining and Oil & Gas Companies (June 2009). He is a qualified Geologist with more than 28 years' experience, having a BSC Hons from Queens University (Belfast) and MSC in Petroleum Geology from Imperial College (London). He is a Fellow of the Geological Society.

This information is provided by RNS

[steelwatch] 23/3/2012 17:54

This is the rig contracted for Spaniards Q4:



Just checked - see page 42:



Moved back a little. Hopefully no weather delays!

[steelwatch] 23/3/2012 15:49

Good for you bugs. Been out enjoying the sunshine myself. No worries here, unlike one or two others in my universe.

[bugsmoney] 23/3/2012 10:54

This share is so undervalued... Been buying this morning

[haydock] 23/3/2012 10:36

International » News » Field development


Making good progress on Mariner



Posted 20.03.2012 15:02:19 av John Bradbury







Statoil's UK North Sea Mariner oil field development is said to be making good process towards project sanction according to partner Nautical Petroleum which has indicated its intention to reduce its field equity.

Field Development Plan approval for Mariner is targeted for the fourth quarter this year, based on using a single drilling rig, a 50-well slot platform and a ship-shaped floating storage unit.

"First oil is forecast for late 2016 and although this would provide stable production well into the second half of the century, funding this very large development remains challenging for a company of Nautical's size," the company indicated.

Because of that financial challenge, Nautical has indicated it is in talks to reduce its equity exposure to the Mariner development – and therefore field development costs too – and Nautical says its has already seen interest in some of its Mariner equity from both Europe and the Far East.

Steve Jenkins, Nauticical's chief executive, says he hopes to report progress on the sale process later this year.

[bugsmoney] 23/3/2012 07:20

"Big thumbs up from us. I couldn't have wished for a better result," chief executive Simon Locket

A better result [from bending the ear of the chancellor by a large number of people in the industry I guess]

[oilretire] 23/3/2012 03:04

PMO says Catcher area fields benefit from budget changes:



"Big thumbs up from us. I couldn't have wished for a better result," chief executive Simon Lockett said of the expansion in the small field allowance announced by chancellor George Osborne on Wednesday.

In the North Sea Premier's Solan oil field and three fields within the Catcher area will all benefit from the new measures, Lockett said.

[bugsmoney] 22/3/2012 20:55

I don't know what was said on the Aminex thread said since all the moaners and hysterical rampers have been filtered.

You are right though, I play it anyway I can. However my major positions are all extremely long, so I have no particular interest in seeing the price fall. A few pence off amounts to thousands of quid, but I don't care, because I ride the waves.

I have no control over the share price and I don't believe any one else does or any major evidence for it. So I just take my chances when the price wanders near to the edge of the trading range, keeping a core holding because they have great assets and clearly a shrewd management team.

frankly the layering thing looks more like paranoia about a normal book - and I can't see how it would work. If you offer dummy trades you're just as likely to get hit in the wrong direction at a bad price.

Anyway it doesn't matter - nobody forces you to buy or sell at a given price. Trade or wait for news, or both.

[leedskier] 22/3/2012 19:15

Having read your posts on other oil shares over the last two or three weeks, I see you play long short and sideways in the same space. Maybe you are one of the crew working this share down to get your spread bets in the money.

My fundamental point is that if NPE was in the FTSE250, it would not have had 20% sliced off it over a few weeks for no good reason, especially given that most small oil shares are actually rising. Main market Enquest has not been knocked down. To the contrary it has risen as fast as this has fallen.

I have DMA. Yes I go on the book. Yes I know how to move the book. I also agree with the poster who responded to you on AMINEX, I think, who raised that book being layered. You seem to suggest there that anything and everything is ok in the name of profit. I disagree.

Widening the spread and moving down the layered bids and offers to short the price is contrary to FSA rules.

[bugsmoney] 22/3/2012 18:46

Yeah so what - are you are trying to suggest that moves of 2.5% are somehow indicative of manipulation. Even large moves do not necessarily indicate sinister goings on, they could fit into both a gaussian type of distribution or a black swan event.

You generally cannot eyeball the share price graph or price of oil and correlate it with anything meaningful. Reliable predictive modelling of complex nonlinear systems is very difficult and plenty of extremely clever people have failed to do it reliably.

So forgive me for getting a bit narked with the endless moaning that seems to have overtaken most of the boards, just because investing is much closer to throwing dice in a casino than anyone ever wants to admit.

Investing success requires luck, and perhaps a sensible head which ignores the endless drivel and focusses on something more fundamental, seeing opportunity to buy on share price weakness and sell after decent rises.

I know I shouldn't waste my time trying to counter these views so I now have a policy of filtering anyone who cries "tree shake" or "manipulation" repeatedly. The list is getting very long.