Northern Petroleum Share Discussion Threads

[ntbb] 01/6/2011 10:16

i have added some more today, feel working with shell this should add premium to the share price, i actually think this is dirt cheap



Following the release of this announcement at 17.54 on 4 April 2011 the Company
is re-releasing the announcement at the requested embargo time - 07.00 on 5
April 2011. The content of the announcement remains unchanged.

Northern announces that Northern Petroleum (UK) Limited ("NPUK") has applied to
the Italian authorities for the transfer to Shell Italia E&P S.p.A ("Shell")
the role of Rappresentante Unico ("Operator") for six permits offshore west of
Sicily; G.R17.NP, G.R18.NP, G.R19.NP, G.R20.NP, G.R21.NP and G.R22.NP, located
in the thrust and fold belt to the west of Sicily. The transfer would enable
Shell to progress work required to apply for drilling approvals in advance of
the final decision as to whether an exploration well is to be drilled in the
permits. The joint venture is currently finalising the subsurface evaluation.

Northern has acted as Operator of the permits during the 2D and 3D seismic
phases of the exploration programme, the costs of which were met by Shell.
Under the terms of the farm-in agreement Shell holds 55% in G.R17.NP, G.R18.NP,
G.R19.NP and 70% in G.R20.NP, G.R21.NP and G.R22.NP, with NPUK holding the
remaining equity interest in the permits.

[maxk] 01/6/2011 09:48

Has today been cancelled?

[ninja 19] 01/6/2011 09:47

Soulsauce

How many years you been in this dog?? I I remember you were here sub 20p, if I recalled in 2003-2004

[valhalla3] 31/5/2011 18:26

ne1 on teh ale alredy? Just me tehn eh lol F=#

[skyship] 31/5/2011 16:19

Zooshare - thnx - but actually 2Jinxed picked that up first thing this morning - see 32640/32647

[spcecks] 31/5/2011 15:37

Zooshare Thanks....had a look its also updated at 1.30pm today.

[linslader] 31/5/2011 15:00

Tipsters are rarely correct we all know that, don't we ?

[shuisky] 31/5/2011 14:54

I'd be very worried if GS gave a 'buy' rating. Usually with small caps, I find it is better to do the opposite of what they say.

Furthermore, does it occur to anyone that tipsters might want you to do something that they might be doing the opposite of?

Just sayin....

[linslader] 31/5/2011 14:51

It's not drifted much all day, despite some efforts lol.

[pal44] 31/5/2011 14:33

big seller still out there expect share price to drift a bit further IMHO ..

[zooshare] 31/5/2011 14:16

specks...9:30 today (sp 75p)...top on GS buy list...amazed it has not been picked up yet!

[ntbb] 31/5/2011 14:14

excellent volume, looking forward to a nice close

[spcecks] 31/5/2011 13:58

zooshare Do you know if it was written before the news on friday or after the news.

[zooshare] 31/5/2011 13:45

goldman today
* Raised its price target for Northern Petroleum (NOP.L) to 305p from 258p, giving the stock a a 'buy' rating.

[parthus] 31/5/2011 12:57

The cheapest offer from a marketmaker is shown as 80p. Yet nearly all trades done are with marketmakers who appear to be selling shares at under 78p thus undercutting private investors all the time !

[spcecks] 31/5/2011 12:06

SKYSHIP You may be right.... but i think they would have taken it out of update and not put it out this morning.

[skyship] 31/5/2011 11:49

I see that, but a full Review across the total sector would have been done last week - not this morning!

[spcecks] 31/5/2011 11:47

SKYSHIP If you look at the date its todays date.

[linslader] 31/5/2011 11:08

liam1om - 31 May'11 - 10:35 - 32650 of 32654

Big seller around today, not letting the price move up

He does keep trying lol

[buywell2] 31/5/2011 11:03

I see DES has come out with some more siezmic data today

Wonder what drilling will prove it to be

[skyship] 31/5/2011 10:40

2Jinxed - many thanks for that link.

Surprised to see that Goldman Sachs are still quite so positive; but the piece may well have been an Oil Review issued just as Friday's bad news came out. In which case an update may follow:

[liam1om] 31/5/2011 10:35

Big seller around today, not letting the price move up.