Northern Petroleum Share Discussion Threads

[ntbb] 02/6/2011 02:01

mean potential of over 3 billion barrels of oil in place, can see this being snapped up pretty soon




The Giove and Rovesti oil fields have been independently assessed by Blackwatch
Petroleum Services ("Blackwatch") to have 53.2 million barrels of probable oil
reserves. In addition, as a result of work undertaken, Northern recognises the
potential both for oil prospects with a mean of over 3 billion barrels of oil
in place and gas prospects with a mean of over 2 Tcf of gas in place, which is
over 1 billion barrels oil equivalent of prospective resource in the two
permits, split approximately equally between oil and gas prospects.

[soulsauce] 01/6/2011 22:55

imperial CC could well be right but I would urge caution. Guyanne could fail, Shell may not drill - both are as possible as your suggestion and both will be critical to the share price even from this level.

In fact if you take it that Guyanne has a 1 in 6 chance of coming in then the chance of a further 15-20% fall in the next 6wks is distinctly possible.
However a good result would certainly have this back well above 100p.

I would also now wait til the results are in, anyday now, before making a purchase.

Of course I am only urging caution to the unwary, there is no way I would be buying back in to Muzzers folly.

[maty] 01/6/2011 22:03

Have a lok at sierra rutile since this one peeps are losing faith with the menaagemnt..terriblr methinks

[imperial3] 01/6/2011 21:14

Guyanne,Southern England prospect,Shell Italy,takeover.All this to push these higher.So there you are.

[imperial3] 01/6/2011 21:06

Charles,you might well be right!

[sg31] 01/6/2011 21:01

Charles I'm shocked.

[valhalla3] 01/6/2011 20:20

Charly! U lost muni?? lol r u ill? Q=#

[charles clore] 01/6/2011 19:54

I have made good money trading NOP all the way up from around the 10p level but I admit I was caught out by the RNS on 27th. However, as the price currently stands this is by far the best opportunity I have ever seen. I made an easy pound a share buying BP when the company unjustifiably almost halved in value a year ago. I see this as a similar case on a smaller scale and have filled my boots today.

[valhalla3] 01/6/2011 18:45

jst finished up a brew usin maris otter grain n amarilo hopz should get about 4-5%abv lovely n clear tiz a clone of summer lightening ale in pubz *=#

[maxk] 01/6/2011 18:03

It's the OS trades you have to be carefull of....

[ntbb] 01/6/2011 17:47

thanks skyship

[skyship] 01/6/2011 17:38

ntbb - an "O" trade is a conventional bog-standard trade, the type of trade recorded when you or I make an online transaction.

For details of all Trade types:

[maxk] 01/6/2011 13:35

sg31 - 1 Jun'11 - 11:34 - 32684 of 32686



LOL !

[soulsauce] 01/6/2011 13:19

sg31 - 1 Jun'11 - 11:34 - 32684 of 32685

Lol, kind of makes your heart warm and brings a tear to your eye (from laughing), all these newbies so enthusiastic. Soon get that knocked out of them.

ntbb - 1 Jun'11 - 10:48 - 32677 of 32685

shell has the money, expertise, the rigs, the connection, what more could you want!

Ermmm to actually make the decision and drop a well. Afterall it was early 2009 they farmed it out.



Ninja 19 - 1 Jun'11 - 09:47 - 32673 of 32685

Nija I was in this dog from 2001- May 2010 so did make some good money early doors but from 2006 - 10 reality dawned.

[ntbb] 01/6/2011 12:01

sg31 i think u need to buy some shares at these price and you will be alright

[sg31] 01/6/2011 11:34

You start off all enthusiastic and optimistic....then you start to notice things aren't quite as rosy as you first thought.
A bit of disappointment along the way leads to disillusionment.
Then you find things that you expected to happen quickly take longer ...or don't happen at all.
You find the reality is disappointing.
You turn to alcohol to numb the pain.
You buy a shed so you can hide away your sorrow at what might have been.

A story of life? marriage? NOP?

[ntbb] 01/6/2011 11:27

anyone here know what are the o trades are, its very close to the offer price, is it buy in plus market? thanks

[spcecks] 01/6/2011 11:21

julcester Thinking along the same lines as yourself they should hopefully solve some of the issues.

[ntbb] 01/6/2011 11:20

no it hasnt, and northern assets are not effected as its far away from onshore, also its worth knowing shells drill targets are very good and accurate

[julcester] 01/6/2011 10:58

They obviously believe that there is something down there! Just need the Italians to get it sorted.

[ntbb] 01/6/2011 10:48

shell has the money, expertise, the rigs, the connection, what more could you want!

[julcester] 01/6/2011 10:44

I've bought a few here. I think they chucked everything, including the kitchen sink into the last release and there is still technical remediation work that they can undertake to solve some of the issues.