Northern Petroleum Share Discussion Threads

[willy26] 08/12/2011 13:13

Just want Markwells,update on holland reserves, then Tullow and then the big Basooka(to quote Europe)SHELL
decision.
Sorry, getting a bit carried away.The white van is coming now.As punishment they make me watch Sheffield United.

[ohisay] 08/12/2011 12:33

Over 80p? - shome mishtake surely.

[sg31] 08/12/2011 08:59

Max, I know it's gone 7 but it's the a.m. one not the p.m. one. Sorry you will just have to wait.

[imperial3] 08/12/2011 08:59

And the money will be used for...................?

[maxk] 08/12/2011 08:40

Has anyone started?

[currypasty] 08/12/2011 08:12

getting used to these rns's now... next tullow update ?

[bionicdog] 08/12/2011 08:10

Why would anyone bother to leak news like that?

[maxk] 08/12/2011 08:05

How do you keep something like this quiet?


There must be a fair number of people in the food chain that would have known this deal was going down.

[currypasty] 08/12/2011 07:58

and the fish ?

[parthus] 08/12/2011 07:10

I still maintain that NOP is a leaky ship....

Flurry yesterday
RNS this morning...

[valhalla3] 08/12/2011 07:04

wakey wakey hands off snakey lol.

Northern Petroleum Plc



("Northern" (AIM: NOP))



Sale of Interest in Vinkega Gas Field



Northern announces the sale of its interest in the Vinkega gas field for
approximately EUR3.2 million.



The Vinkega gas field was discovered when Vermilion Oil & Gas Netherlands B.V.
("Vermilion") drilled the Vinkega-1 well (spudded 16th November 2009) on its
Gorredijk Licence. The field has been mapped as underlying both part of the
Gorredijk Licence and part of the Drenthe III Licence, which is held by

Northern Petroleum Nederland B.V. ("NPN"), a wholly owned subsidiary of NPN,
Nederlandse Aardolie Maatschappij B.V. and Dyas B.V.



All the Drenthe III Licence interest holders have agreed to the sale of their
respective Drenthe III interests in the Vinkega field to Vermilion, with NPN's
pro-rated share of the consideration being EUR3.1875 million. Seventy percent of
the purchase price has already been paid on signing of the Sale and Purchase
Agreement, with the remaining thirty percent being payable following
completion, which is subject to the usual governmental and other consents.



Derek Musgrove, Managing Director of Northern, stated:



"I have congratulated Vermilion on their discovery and am pleased that the
Drenthe III licence interest holders have reached a settlement that matches the
strategies of all participants. The sale will enable a smooth transition into
production under Vermilion's team and make a useful financial contribution to
our hopefully successful exploration activities on the Drenthe III licence in
the near future.



Northern considered that Vinkega was not a prospect of sufficient size and
structural appeal to have attracted a wildcat well on the Drenthe III licence
alone. On behalf of the Drenthe III licence interest holders I thank Vermilion
and their partners for their work and efforts."



- Ends -



For further information please contact:



Northern Petroleum Plc Tel: [phone]

Derek Musgrove, Managing Director

Chris Foss, Director of Finance, Legal & Corporate
Affairs

Graham Heard, Exploration & Technical Director



Cenkos Securities (NOMAD and Joint Broker)

Jon Fitzpatrick

[valhalla3] 07/12/2011 21:42

glug glug! V=#

[valhalla3] 07/12/2011 18:44

130p by xmas u mark me wordz D=#

[spcecks] 07/12/2011 16:26

imperial3 Agree.

[imperial3] 07/12/2011 16:23

Compare our Market Cap to WSX,and include their placing.Perhaps when you look at this,you can see how cheap we are compared to them.

[maxk] 07/12/2011 14:47

Blimey, is it opening time yet?

[parthus] 07/12/2011 14:16

bio : Duly noted. Thank you.

[bionicdog] 07/12/2011 13:21

Parthus
It's due to my 34563 and to a lesser extent 34567.

[parthus] 07/12/2011 13:19

Christ !! Lost all this mornings rise... very disappointing...

[parthus] 07/12/2011 13:10

C Clore :

You are either economical with the truth or a powerful sage...in future inform us immediately you buy or sell and don't tell us after the event....sheeesh !!!

[soulsauce] 07/12/2011 12:51

Lol the old TW plug. He's been plugging this forever, he might get it right one day lol!!

[lammergeier] 07/12/2011 12:49

TW plug a few days ago is starting to kick in