Nautical Petroleum Share Discussion Threads

[share_shark] 13/6/2012 07:08

Haydock is always on the ball. Well done Haydock and hope you are well ?.Well done everyone too. Am very jealous . :-)

[topinfo] 13/6/2012 07:04

450p cash offer by Cairn

[leedskier] 12/6/2012 11:35

200k bought above the spread.

[bomfin] 12/6/2012 09:19

Haydock is usually on the ball. Can't understand it!! :-)

NPE appears to be back in an upward trend with plenty of reasons for it to rally.

All this shallow oil in the Catcher area should be relatively cheap to get at. Quick drilling and good flow rates should make for bumper production figures!!
In time !!!

You plant your seed and wait for it to grow. Could be quite a long wait but the result will be good. imho dyor

[leedskier] 11/6/2012 14:50

If QFI is the promised land, it kind of makes one wonder why it is down 4% today, having fallen < 50% since the beginning of March.

[haydock] 08/6/2012 15:18

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




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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 [phone]
Dr Azhic Basirov / Siobhan Sergeant

[steelwatch] 08/6/2012 11:50

I agree and as part of the AMI. They actually hinted at it in the Interim Report in March:

Unlike the Onshore Licence Round, the UKCS 27th Seaward Licensing
Round was recently announced. Nautical will be applying for numerous
blocks, especially in the Catcher area, as a result of the prospectivity
confirmed by the recently acquired extensive 3D seismic.

[bomfin] 08/6/2012 11:42

Not really because Carnaby was west of Varadero and both have are suggested to have the same oil gravity. Carnaby is a shallow discovery which is also good in my opinion. Think it's suggested that further west oil may be shallower and eventually have escaped any traps but there may well be something worthwhile west of Carnaby. imho dyor. I'd be very surprised if NPE arn't in for this licence in the 27th round.

[steelwatch] 08/6/2012 10:33

Heavier oil to the west of Catcher judging from Carnaby.

[bomfin] 08/6/2012 10:30

Must be good for NPE to sell their remaining Mariner (their stated intention) at a reasonable price. imho

and possibly sooner rather than later with this move. Nice cash to get that Catcher development under way.

NPE also in for more licences in the 27th round. With 24 degree oil in Carnaby the block to the West must be interesting. Since they are the only original partner along with PMO remaining at Catcher they deserve to be in for a bigger share. Again imho dyor

They should definitely stay in with Catcher which is a nice diversification from the Heavier oil fields.

[bwanabanana] 07/6/2012 20:53

Steely

Nice find. Not sure where they'll get 300 people from

Rumour in town 30 wells being planned for Catcher development


Bwana

[steelwatch] 07/6/2012 17:09

Norway's Statoil announces 300 new UK jobs
Norwegian energy giant Statoil revealed plans to create 300 new jobs in the UK as David Cameron cemented a new energy partnership between the UK and Norway.

The state-owned company said it intends to invest an extra £12bn over the lifetime of the UK's Mariner-Bressay North Sea oil fields, on top of £6bn already announced.

[bomfin] 07/6/2012 16:43

Hopefully today's uk/norway agreements will help NPE going forward.

[glyn10] 06/6/2012 19:09

Thanks Steel

[gwr7] 06/6/2012 18:23

Rocket looks interesting for the future as well. Looking forward to the outcome of the 27th Licensing round which could quadruple the acreage with surrounding blocks that now have 3D. In seismic we trust. It's been spot on so far.
The only annoying thing about this is the ghost of Encore. We woz robbed.

[steelwatch] 06/6/2012 17:05

Bonneville is a possible follow on to Coaster using the same rig with a side track maybe to test the Southern extent of Burgman.

[steelwatch] 06/6/2012 15:42

Oil exploration trio Premier Oil (LON:PMO), Cairn Energy (LON:CNE) and Nautical Petroleum (LON:NPE) were riding the crest of a wave today.

The companies' shares soared today after announcing the jointly-owned Carnaby well made another oil discovery in the Catcher block in the North Sea.

Nautical has a 15 per cent stake in the block, which is operated by Premier (50 per cent). The other partners include Cairn's newly acquired North Sea vehicle Agora Oil & Gas, which has a 15 per cent interest.

Brokers in the Square Mile were suitably bullish today following the find.

The discovery adds 23 pence or four per cent to Numis' estimate of Nautical's net asset value (NAV), bumping it up to 652 pence per share.

Oriel has a 'buy' stance on Premier and Nautical

[steelwatch] 06/6/2012 08:58

Further to my earlier report 7887 regarding the dispute over certain of the Kraken rig invoices submitted Awilco Drilling, it is interesting to note:

Valiant Petroleum plc
PRESS RELEASE
6 June 2012

Termination of Contract with Awilco Drilling PLC

Valiant Petroleum plc ("Valiant") announces that further to its press release on 24 May 2012 regarding the suspension of drilling operations on the Timon exploration well in the UK North Sea, the drilling contract with Awilco Drilling PLC has now been terminated as a consequence of the technical downtime.

The well has been suspended for re-entry and the licence partners are currently investigating alternative rig options to complete drilling of the Timon prospect. An update will be provided in due course.

The partners in the license are MPX North Sea Limited (operator, 15%), Agora Oil & Gas (UK) Limited (25%), Taqa Bratani Limited (18%), Wintershall E&P Limited (17%), Sorgenia E&P (UK) Ltd (15%) and Valiant Exploration Limited (10%).

Same rig (Wilhunter).

[steelwatch] 06/6/2012 07:51

PMO's announcement:

PREMIER OIL plc
("Premier" or "the Company")
Carnaby Oil Discovery
6 June 2012
Premier is pleased to announce that the Carnaby exploration well 28/09-5A (Premier equity 50 per cent) has reached a total depth of 4,695 feet and encountered oil.
Initial analysis indicates that the well encountered 51 feet of net oil in the main Tay sandstone within an estimated 86 feet oil column. A core was taken and confirmed oil in excellent quality sandstones. Pressure data and sampling indicates that the API of the oil is 24 degrees and is of similar quality to that established at the nearby Catcher discoveries. The oil water contact was at the shallower end of expectation; driven by the more complex geology associated with this type of footwall prospect. The well also encountered 51 feet of Cromarty sands but these were shown to be water wet on the logs.
The high quality data acquisition from the well will now be used to determine what contribution the Carnaby discovery will make to the overall Catcher development. The well will be plugged and abandoned ahead of the rig moving to drill the high risk Coaster prospect on Block 28/10a, immediately east of the Catcher acreage.
Simon Lockett, Chief Executive Officer, commented:
"The discovery of good quality oil in the western part of the block is encouraging and the results from the Carnaby well will be used to calibrate the remaining exploration potential in this part of the block. In addition, the data from the Carnaby well will contribute to the ongoing development planning for the Catcher Area which continues to move forward focusing on the production of oil from the previous discoveries on Block 28/9a."

[falklands] 06/6/2012 07:31

Well done lads not sure if anyone will benefit short term !

Amazing share price considering take a time machine back to £4

[leedskier] 06/6/2012 07:23

One day Rodney ...

[fangorn2] 06/6/2012 07:23

Fortunately NPE doesn't have the same "Lack of funds" issues that the likes of Encore and Deo faced - so fingers crossed we don't get taken out with a low ball bid.

[gwr7] 06/6/2012 07:22

Eight out of eight successful wells in the Catcher area. I was beginning to think the chance of a straightforward oil discovery was correlated with the state of the market.

[leedskier] 06/6/2012 07:11

Carnaby Oil Discovery

Nautical Petroleum plc (LSE: NPE) is pleased to announce that the Carnaby well 28/9a-5A located on UKCS Central North Sea Block 28/9a has reached Total Depth of 4,695 feet Measured Depth and has successfully encountered good quality oil in the Lower Tay sandstone.

The well encountered 44 vertical feet of net oil pay in a single Tay sandstone interval of 46 feet gross vertical thickness. Preliminary log analysis indicates that the average porosity in the reservoir interval is 36% and the average oil saturation is 85%. The oil gravity estimated from wireline samples is 24[deg]API.

The well also intersected thin hydrocarbon-bearing sands in the Tay above the main oil reservoir and water-bearing Tay sands approximately 100 feet below the oil zone.

Good quality Cromarty sands were encountered but they were not hydrocarbon bearing.

The well will now be plugged and abandoned as planned.

Steve Jenkins, Nautical's Chief Executive Officer, commented:

"The Carnaby well has discovered another excellent Tay reservoir in the Catcher block which will be a valuable addition to the discoveries already made at Catcher, Varadero and Burgman. The quality and widespread distribution of these sands augurs well for further success and efficient oil production from current and future discoveries in this prolific block. Encouragingly, the oil gravity is similar to Burgman, confirming that good oil quality is likely even in the shallowest prospects."

Nautical has a 15 per cent. equity interest in North Sea Block 28/9a.