Northern Petroleum Share Discussion Threads

[imperial3] 09/9/2011 09:02

La Tosca well Italy,future prospect,could be interesting.

[thx1138] 09/9/2011 08:57

It's slow and painful progress but one day presumably these will attract the rating they deserve.

[spcecks] 09/9/2011 08:48

Great news.

[imperial3] 09/9/2011 08:39

Looking at market cap,these are lagging relative to WSX.Catch up is due inmho.

[zingaro] 09/9/2011 08:31

TLW up over £1 or market cap up nearly £1 billion pounds. NOP has about 1/20th of TLWs interest so the read across should be £50 million, a huge rise. However, TLW does have interests in several blocks here.

[estseon] 09/9/2011 08:29

I'd rate it as more significant than Markwells wood but we're not going to see a real re-rating until the Italian licences start to produce some results. Still holding for that.

[imperial3] 09/9/2011 08:29

Markwell results to come as well.Gee wiz.

[soulsauce] 09/9/2011 08:21

Well done all remaining holders, hope it is a biggie for you ;-)

[maxk] 09/9/2011 08:06

Take off....

[maxk] 09/9/2011 07:59

Dusta is still banging on about Italy, as if there is even a remote chance of doing anything.



Derek Musgrove, Managing Director of Northern Petroleum Plc, also commented
today:

"This has been and continues to be an adventurous well both in terms of
petroleum geology and technical operations challenge in over 2000 metres of
water. It has taken some time, but we are beginning to feel that the results
are encouraging.

It is a pleasurable experience to be working in an exploration group with
Tullow, Shell and Total encountering and overcoming the operational challenges.

I trust that we have gained some useful experiences to apply in the future
offshore Italy where our interests are greater."

[estseon] 09/9/2011 07:52

something positive at last......

[maxk] 09/9/2011 07:51

Dusta Derek strikes oil....shock horror

[ethics_gradient] 09/9/2011 07:33

I notice that Shell also announced so maybe has the potential to be a significant find...

[alexx] 09/9/2011 07:24

Had almost forgotten I owned this, any guesses for the open price?

[stnick] 09/9/2011 07:21

seems like NOP finally struck oil!! or rather Tullow did on its behalf. Not sure how positive the RNS is though. Guess further testing will add flesh to the bones but at least not a duster!

[ethics_gradient] 09/9/2011 07:21

Zzzzzzzzzzz ooops... time to wake up and pass the chocolate digestive biscuits?? maybe??

[gilly9] 09/9/2011 07:19

I wonder how much the share price will rise today????

[valhalla3] 09/9/2011 06:56

buy buy buy! lol edisons broka note just out @348p a share this must meen sumthing i just dont no y we r @72p lol Q=#

[maxk] 09/9/2011 00:14

Comment from the wsx thread...a bit livelier than here



ohisay - 8 Sep'11 - 12:13 - 784 of 793


NOP market cap £67m - including cash at end June of £24m.
They have producing dutch fields of circa 1600 boepd this year.Plus not insubstantial nominal 2p reserves in Italy.
I'm no big fan of NOP but WSX market cap of £23m for the same share of Zady is over the top cf NOP.

At 23m market cap WSX is already pricing a find in - NOP isnt .

[howard s] 08/9/2011 16:23

Nop's 1.25% would be like having 1.25% of the dead sea!

[skidaddle] 08/9/2011 09:58

And Marwell aint happy about it.

[maxk] 08/9/2011 08:20

Maybe thats the problem?


They is drilling in the wrong wood....