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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Nautical Pet | LSE:NPE | London | Ordinary Share | GB00B3D2ND74 | ORD 20P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 449.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 449.00 | GBX |
Nautical Petroleum (NPE) Share Charts1 Year Nautical Petroleum Chart |
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1 Month Nautical Petroleum Chart |
Intraday Nautical Petroleum Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 24/8/2012 | 12:57 | NPE - Nautical Petroleum - New Thread | 8,156 |
| 30/3/2012 | 19:38 | *** Nautical Petroleum *** | 26 |
| 02/1/2012 | 09:30 | nautical petroleum - north sea wells into production | 2 |
| 11/8/2011 | 11:48 | Nautical Petroleum - an exciting new resources company | 468 |
| 04/1/2011 | 11:26 | RNS alerts | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 19/6/2012 07:18 by steelwatch Part B - Institutional Nautical ShareholdersCapricorn has received an irrevocable undertaking from Anthony Lowrie ("AL") to vote in favour, or to procure the voting in favour, of the Scheme at the Court Meeting and the resolution to be proposed at the General Meeting in respect of an aggregate 2,585,933 Nautical Shares owned by AL and certain of his relatives and family trusts. This undertaking will cease to be binding if (i) the Scheme Document (or offer document as applicable) is not published within 28 days of the date of this announcement (or such later date as the Panel may permit), (ii) the Scheme does not become effective or lapses in accordance with its terms, or (iii) the Scheme is withdrawn or any competing offer is made which is declared wholly unconditional or otherwise becomes effective. This undertaking will be suspended if a higher competing offer (being an offer which is 5% per Nautical Share above the Offer Price) is made for the entire issued and to be issued share capital of Nautical, and will lapse if Capricorn does not then make a higher revised offer within 14 days of the date of the higher competing offer being made. Capricorn has received an irrevocable undertaking from various funds and managed accounts managed by GLG Partners LP (the "GLG Funds") to procure the voting in favour of the Scheme at the Court Meeting and the resolution to be proposed at the General Meeting in respect of 3,303,318 Nautical Shares over which GLG holds long positions through contracts for differences to the extent GLG is able to direct the underlying holder so to vote. To the extent any GLG Fund is unable to so direct the underlying holder of Nautical Shares, it has agreed to instruct such underlying holder (provided neither party to the relevant contract for differences is prevented by its internal trading restrictions from doing so) to close out the contracts for differences in which event such GLG Fund will instead comply with the terms of the undertaking itself in relation to the relevant Nautical Shares. This undertaking will cease to be binding if (i) the Scheme Document (or offer document as applicable) is not published within 28 days of the date of this announcement (or such later date as the Panel may permit), (ii) the Scheme does not become effective or lapses in accordance with its terms, (iii) the Scheme is withdrawn or any competing offer is made which is declared wholly unconditional or otherwise becomes effective, or (iv) if a higher competing offer (being an offer which is 5% per Nautical Share above the Offer Price) is made for the entire issued and to be issued share capital of Nautical or a bona fide opportunity arises to sell the Nautical Shares or close out the relevant contracts for differences at a price exceeding at least 5% above the Offer Price. |
Posted at 14/6/2012 08:01 by steelwatch North Sea energy sparks talk of a counteroffer Thursday 14th June 2012, 1:22am MARC SIDWELL AFTER getting bruised by a 67 per cent revolt over its remuneration report, Cairn Energy must be hoping that Nautical Petroleum has more biddable shareholders. The announcement yesterday of an agreement for Cairn to acquire the North Sea-focused firm at 450p a share still needs 75 per cent of Nautical's share owners to vote in favour if it is to go ahead. That may have seemed a foregone conclusion, but the share price of Nautical ended the day above 460p, while Cairn dipped 1.1 per cent, indicating the possibility of a counteroffer. While the deal has the support of Nautical's board, only 8.89 per cent of shareowners are irrevocably committed to vote for the scheme. Another 18.36 per cent have expressed an intention to vote for it, but could still have their heads turned by another bidder. The Aim-listed firm has just three shareholders that declare holdings of over three per cent, and these only total 23.75 per cent of votes between them, so there are lots of small shareholders to win over before the deal is sealed. This uncertainty is a sign of the energy in the North Sea oil and gas companies at the moment, where promising but costly prospects like the Catcher field are helping to drive consolidation among a large number of small players. Cairn itself already acquired Agora Oil & Gas for £280m this April, and between the two would own a 30 per cent stake in Catcher, which is expect to cost £1bn-£1.8bn to bring onstream. But that's not to say that the exploration and production company is refocusing on the North Sea. It hopes to use medium-term revenues from Catcher and similar discoveries, where first oil is planned for as soon as 2015, to fund its operating focus on frontier basin explorations in Greenland, Lebanon and Cyprus. It just has to hope that Nautical's owners think this is their best offer. |
Posted at 13/6/2012 11:44 by westmoreland lad Fox Davies ----------------Cairn Energy (CNE LN, 266p, ▲ 1.4%) - Nautical Petroleum accepts Cairn buyout offer: Flush with the cash generated from the part sale of its Indian assets and limited drilling success at Greenland raising questions over the cash deployment strategy, Cairn has hit the nail on the right head with the acquisition of Nautical Petroleum. Nautical's portfolio of oil and gas blocks perfectly blends with Cairn's strategy of balancing its transformational exploration portfolio with appraisal and development assets. The latest acquisition complements recent acquisition of Agora and will help Cairn in building a strong portfolio in North West Europe. Amongst all the Nautical assets we are particularity excited about the Catcher, Burgman, Kraken. In this news: Under the terms of the Offer, Nautical Shareholders will be entitled to receive 450 pence in cash for each Nautical Share held. The Offer Price represents a premium of approximately: 51.1% to the closing price of 297.8 pence per Nautical Share on 12 June 2012, the Business Day immediately prior to the date of this announcement; and 45.3% to the average closing price of 309.8 pence per Nautical Share over the three month period ended 12 June 2012. The Offer values the issued and to be issued share capital of Nautical at approximately £414 million. The full story can be accessed here. North Sea Oil in Play? What the recent acquisition of DEO and Nautical prove is that there is a growing gulf between the markets and trade buyers of assets. Taking a handful of North Sea players, and looking at their current reserves, and adding contingent resources (those recoverable resources post appraisal but before development sanction or commercial terms have been agreed), we have provided a brief ready reckoner for potential take out prices for a selected number of companies, all of which show an interesting gap between current price, and potential take out value, particularly Antrim, Ithaca and Premier Oil, which are currently trading at undemanding levels. Company Current price Reserves + Offer price Appraised Resources $5/boe $8/boe $10/boe $12/boe Antrim Energy 43p 23mm boe 39p 63p 78p 94p Ithaca Energy 110p 91mm boe 110p 176p 220p 264p Lochard Energy 10p 49mm boe 62p 100p 125p 150p Premier Oil 359p 357mm boe 212p 340p 424p 509p Tullow Oil 1,477p 1,943mm boe 676p 1081p 1351p 1622p Valiant Petroleum 420p 25mm boe 190p 304p 380p 456p |
Posted at 08/6/2012 15:18 by haydock I owe all my success & free carry with NPE, my discovery of our old twin company QFI.Just to inform the bb. that they are finally, finally, it may be years yet folks, on the edge of the really big one. A tiny part of the mkt, with the biggest company in the bunker fuel mkt, is into a mkt worth billions. DYOR. Operations Update Date : 08/06/2012 @ 07:00 Source : UK Regulatory (RNS & others) Stock : Quadrise (QFI) Quote : 5.625 -0.5 (-8.16%) @ 14:26 HOME » LSE » Q » Quadrise Fuels share price Operations Update Share this article Alert TIDMQFI RNS Number : 9394E Quadrise Fuels International PLC 08 June 2012 8 June 2012 Quadrise Fuels International Plc ("QFI" or "the Company") Operational Update Quadrise Fuels International plc (QFI) is the emerging manufacturer and supplier of MSAR emulsion fuels, a low cost alternative to heavy fuel oil in the global shipping, refining and steam power generation markets. Marine MSAR(R) Programme Shareholders were advised in March 2012 that the focus would move to sea borne assessment on a Maersk container ship to provide the operating performance information required by all participants. This was the first time that commercial oil-in-water emulsion fuel has been trialled in 2-stroke marine diesel applications of this scale. As advised in previous reports, major innovative fuels development programmes require sufficient time for analysis of data, correction of any deficiencies and exploitation of opportunities revealed by the results of 'in service' performance. Many aspects of the sea borne assessment thus far have been successful, such as general handling of the product and bunkering of the vessel, long term (over one year) storage of test fuel at ambient temperatures, and importantly confirming the emissions reduction potential of Marine MSAR(R). During this first assessment it was not possible to fully optimise engine performance, as the test configuration afforded limited scope for relevant 'in service' adjustments. These recent results have provided the necessary data for future adjustment and assessments. Further marine engine and 'in service' tests are planned in the second half of the year with the support of Maersk, candidate refineries and major engine manufacturers. On completion, the programme is planned to move to the next phase involving use of MSAR(R) fuel in a sample of the Maersk fleet. Commenting on these developments Ian Williams, Chairman of QFI, said: "As expected by QFI and our Joint Development Programme partners , this first 'in service' assessment has yielded valuable data to inform and guide progression to commercial availability of our Marine MSAR fuels. In particular, the confirmation of potential emissions related environmental benefits is a key outcome. We are especially encouraged by the continued support and enthusiasm of our partners in this 'game changing' venture." For further information, please contact: Ian Williams, Executive Chairman Hemant Thanawala, Finance Director Quadrise Fuels International Plc +44 (0)20 7550 4931 Dr Azhic Basirov / Siobhan Sergeant |
Posted at 14/5/2012 12:48 by lanaken 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 |
Posted at 22/3/2012 18:46 by bugsmoney 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. |
Posted at 24/1/2012 15:49 by lanaken It's an excellent result for both parties.ENQ now have operatorship and 45% of the one of the biggest NS oilfields. They paid a decent fair price, added some sizeable heavy oil future production to offset against a low tax rate, added a big lump of expenditure to set against current production taxed at 62%, blew out a weak partner and acquired a strong sensible new partner. The combination of skills should lower the risk for both parties. NPE can now retain a bit of Catcher and will be less of a one trick production pony and thus far less vulnerable to heavy oil being hit hard by falling oil prices. They will still fully utilise the heavy oil tax break. As regards risks the oilfield size is borne mainly by NPE and ENQ get the tax break. Sweet for both parties;-) If, and when, it comes to selling either some heavy oil Statoil has strong competition and PMO won't be able to screw NPE now on Catcher. NPE have a strong technical partner to help with the rest of the block and the risks/rewards there have been divided up pretty well. ENQ might well buy NPE at some stage, but they'll pay a lot more money and have a lot less risk than if they did it now and will have the cashflow to finance that purchase much more easily acouple of years down the track. In the meantime, NPE have some pretty tasty exploration targets, that now look a lot more doable. Win : Win it is and the market will slowly start to recognise it for both parties , I believe. I love it;-) repo |
Posted at 10/1/2012 09:05 by bomfin That's a good point. Canamens were either cash strapped or didn't have much confidence in Kraken at the time. Clearly Nautical have added significant value to the Kraken project since May 2011 which isn't reflected in NPE share price. imho |
Posted at 28/11/2011 16:43 by robbie12 Is this a bit naughty? If it is I'll delete it.....This is my slightly delayed report of Nauticals AGM held a week ago. The first thing that hit me was the lack of attendance, apart from Nautical's board and a member of staff there was maybe 4-5 people there other than me. After the presentation the board were quite willing to answer numerous questions put to them. The presentation used has now been placed on NPE's website. I shall comment on the slides in the same order. Most of the stuff on pages 10-12 has appeared in previous presentations, page 13 has an updated prospective resource number for Catcher, 12.2m barrels. Pages 15 & 16 refer to Catcher, the high density 3D seismic is being processed and the results are expected in Jan 2012, Carnaby is going to be drilled in Q1/Q2 and is estimated to contain 30m barrels recoverable (4.5m net to NPE) it was mentioned that the resource estimates for Catcher on page 13 do not include all targets shown in the map on page 15, however I suspect they have left out the smallest targets. Steve said that they would not drill all the targets prior to FDP. Paso is a gas target that could be used as a power source. Current estimated NPV10 value of $10-11 per barrel, Premier recently commented development estimated to cost £850m gross based on currently found oil. Moving onto Kraken Steve said they reprocessed the seismic to the point that the reservoir is clearly visible as shown on page 19, their pre drill estimate for 9/02b-5 was only 6 inches out. Repeated the test numbers and pointed out the result was well above what was required to prove commerciality. Estimate cost for phase 1, shown on page 22 is £600m gross, phase 2 £400m. Current NPV10 estimated at $6-$6.5 per barrel. Phase 3 refers to Ketos. Resource numbers for Kraken have reduced as the field is now split between Kraken and Ketos. An updated CPR to take into account the test results should be published in the new year. The contingent resources assigned to Ketos, 5.5m barrels in the CPR only apply to a small area around the 9/02b-2 drill site, also prospective resources have only been included for the area covered by existing 3D seismic. On page 24 you can see the field extends significantly beyond the 3D coverage. Steve commented on the 2D they have Ketos looks similar to Kraken, 3D seismic is being acquired and they plan to drill in 2012. There wasn't a great deal on Mariner other than the sale to Statoil and that the increase in ring fenced expenditure announced in July was targeted towards Statoil. Most of the information on Tudor rose and Spaniards is covered in the presentation on page 27-28. The delay to drilling Merrow is getting a permit to drill from onshore, which is a lot cheaper. The licence has been extended since the government has caused the delay. Few other comments included cash is around £80m and the French licence is targeting conventional gas, so they are unaffected by the ban. I asked about cash plans as although £80m is a good cash position it is nowhere near enough to develop the three fields they have, there was some comment on considering selling assets which centred on Kraken. I pointed out that Canamens energy seemed like a weak holder which could hold down the value of NPE's interest, the response was Canamens was well aware of the value and were looking to capitalise on it after the successful test result and a large NS development would appeal to a company currently producing in the NS for tax reasons. Personally I think how NPE next raises a substantial amount of money is crucial to shareholders, the current proven assets exceed the market cap by a long way, but NPE needs a lot more capital. From memory Mariner is going to require £1.5Bn to develop, so NPE's share is approx £90m, NPE's share of Catcher would be about £128m and Kraken phase 1 £300m, that totals about £518m. Given you need at least 30% equity that leaves NPE with a requirement for £156m to develop the fields. Clearly a rights issue or private placing at anywhere near the current share price would be highly dilutive of asset value per share, so an asset sale appears to be the better option. Mariner wouldn't raise enough on its own and the CEO has already been quoted in the press as interested in selling part of their Kraken W.I. NPE's estimate of $6-$6.5 per barrel NPV10 works out to $519m/£324m (83m contingent*$6.25) for their 50% working interest, if they sold 20% W.I that would be almost £130m and in the process they would reduce their share of development costs by £120m gross/£36m equity. The big question is can they get £130m for 20% of Kraken? I have my doubts, but they still have £80m cash, which although some of it will get used up on expo means they are not a distressed seller and they could also sell Mariner which would raise cash and reduce development costs at the same time. There is of course also Catcher but I think they would like to hold onto it. Even if they don't get as much as £130m if Canamens sell out at the same time and a larger partner comes in it will enhance the value of NPE's remaining interest. The next move will be an interesting one. Regards Unwize. |
Posted at 18/11/2011 13:02 by lanaken Any news and views from the AGM?When I read comments like the NPE share price will never react to good news the contrarian in me is almost pressing the buy button;-) repo |
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