Nautical Petroleum Share Discussion Threads

[steelwatch] 05/6/2012 10:01

Bang on cue, 3 AHTS lined up at Aberdeen:

Highland Valour
Odin Viking
Pacific Blade

[steelwatch] 04/6/2012 17:22

23 days in at Carnaby. No idea on whether to schedule, or not, but Havila Fortress plies back and forth....

[steelwatch] 29/5/2012 23:27

Indeed! Kraken partner Enquest pulled off a smart deal bringing KUFPEC into their fold. Shows the North Sea lights are back on following George's disasterous budget measures last year.

[leedskier] 29/5/2012 17:29

As the month of May draws to an end, there seems to be quite a bit of activity in the AIM oil sector.

[liquid millionaire] 29/5/2012 07:40

DAILY MAIL



Geoff Foster



29/05/12



Clients of Investec filled up with Nautical Petroleum, 6.75p higher at 270.5p, after the broker reiterated its buy stance and £6 price target. Nautical is part of the consortium participating in the Greater Catcher exploration campaign, and results from the Carnaby well are due within the next two weeks.

Read more:

[steelwatch] 29/5/2012 07:18

For Immediate Release 29 May 2012

InfraStrata plc

Mobilisation for infill seismic survey in Northern Ireland

InfraStrata plc (AIM:INFA), the independent gas storage and petroleum exploration company, is pleased to announce that Tesla Exploration International Limited has mobilised a crew to undertake an infill Vibroseis seismic programme within the Company's operated petroleum exploration licence PL1/10 in Northern Ireland. Data recording is expected to start during the week commencing 4 June 2012.

The new seismic programme, which follows data acquisition during 2011, will comprise approximately 100 kilometres of 2D Vibroseis data to refine the structural interpretation over the high-graded leads.

Commenting on the survey, Andrew Hindle, CEO of InfraStrata plc said:
"In March 2012 we announced that the project partners were very encouraged by the identification of several large leads within the 2011 survey area. The new data will be acquired during June and processed over the Summer. This will then enable the partners to define the prospective resources this Autumn and, in consultation with stakeholders, identify a suitable location for drilling the first petroleum exploration well on the PL1/10 licence."

[lanaken] 14/5/2012 12:48

pigeon,

My thoughts from last week on the PMO board.

PMO estimate 34 mm bbl and NPE 25mmbbl gross resource. Call it 30mm bbl and $11 per bbl.

NPE with 15% potentially $50m or 30m quid and 89m shares or 34p a share

PMO potentially $165m or 100m quid and 528m shares or 19p a share,

Current share prices PMO 345p so potentially 5.5% and NPE 326p so potentially 10.5%.

I own both but lots more NPE.

Who said Paul Young, ex Encore Catcher geological guy, said it was a 90% certainty, because I don't like those 90% certs? He should know though. He told me before the 2010 AGM that he had worked for 10 years on the Catcher block;-)

Now about 12% on the share price on the midpoint of NPE and PMO estimates.

repo

[pigeon1] 14/5/2012 12:29

Well it would be nice to have a success at Carnaby, but what's it worth? Probably only about 10p. Sorry for not being more excited!!

[richbw] 11/5/2012 10:37

Good work steelwatch.The results will be very interesting.

[steelwatch] 11/5/2012 10:36

leeds - let's hope the Gods are kind to us..

[leedskier] 11/5/2012 10:27

You were spot on there steelwatch ;

[steelwatch] 11/5/2012 09:53

For Immediate Release 11 May 2012
Nautical Petroleum plc
("Nautical" or the "Company")
Commencement of Drilling Operations on Carnaby Well
Nautical Petroleum plc (LSE: NPE) announces that the Carnaby exploration well 28/9-5 in Central North Sea Block 28/9 was spudded at 05:45 hours on Friday 11 May 2012.
The well is being drilled using the Sedco 711 semi-submersible rig and is being managed by Applied Drilling Technology International (ADTI). The well is expected to take approximately 25 days, subject to weather and operational requirements.
The well is located immediately to the west of the Burgman discovery in the Greater Catcher Area. The objective of the well is to establish if hydrocarbons are present in the Tay and Cromarty sands.
Nautical has a non-operated 15 per cent. equity interest in Central North Sea block 28/9.

[steelwatch] 10/5/2012 15:51

leeds - that's it. Web counters deposit a cookie so as to differentiate between new and returning visitors. I am probably being over cautious, but not prepared to risk being inadvertently embarrassed. The law comes into being later this month afaik.

[leedskier] 10/5/2012 14:14

which legislation is that steelwatch?

add: this?

[steelwatch] 10/5/2012 14:05

Sadly, the flag counter above had to go to avoid possible infringement of new legislation concerning internet cookies.

[steelwatch] 10/5/2012 10:50

Job done perhaps? Spud on for this weekend...

[johnmcd51] 10/5/2012 10:37

All 3 tugs............any idea why?

[steelwatch] 10/5/2012 09:57

All 3 tugs back in Aberdeen Harbour...

[leedskier] 10/5/2012 08:24

I do not trade it. I hold and have held in my SIPP since early 2010. I do however have access to DMA and have bought -- but never sold -- more on the dips.

[johnmcd51] 10/5/2012 08:22

Thanks, does this help u trade this stock to any degree?

[leedskier] 09/5/2012 14:55

That is where the highest MM bid on the book was when I posted.

In point of fact the lowest it got to was 288.25p.

Add: The market is scooping them up now at 290p.

[johnmcd51] 09/5/2012 14:37

Don't pretend to understand the vagaries of the stock market, but Leeds seems sure that there is clear run down to 285p, how is this prediction reached OR is it educated guesswork based on past events??????

[leedskier] 09/5/2012 13:55

The answer is yes.

add: This is professional shorting. A second MM bid taken out too. Now a clear run down to 285p.

[leedskier] 09/5/2012 13:49

There is a MM on the bid for 5000 shares at 290.5p. Will the order be filled?