Northern Petroleum Share Discussion Threads

[sg31] 20/2/2012 09:46

Don't forget the billions of barrels of shale potential. That is a company maker...if they can ever drill it...after they overcome the beaurocracy...the environmentalists...and find the right completion technique...
I reckon they could possibly, all things considered,in the fullness of time,barring hiccups and possible difficulties expect to get permission to have a think about drilling for shale in about 25 years time. Optimistically speaking.

[kermit] 20/2/2012 08:48

The truth is we have to despair at ourselves for even considering this company as an investment. It just looks good on paper but the reality is shocking.

I love the way they have labored on the discovery by Tullow. A Exploration they had nothing to do with no doubt otherwise they wouldn't have struck oil.

shame shame eternal shame on this companies management

[maxk] 20/2/2012 08:46

That will do nicely dog, any excuse eh?

[bionicdog] 20/2/2012 08:36

Don't despair Max , I will have some new wine recommendations to see us through this difficult patch tomorrow or Wednesday.

[maxk] 20/2/2012 08:34

wot, like us?

[bionicdog] 20/2/2012 08:32

They are starting to despair in the other place. I give a month till they turn to the demon drink.

[willy26] 20/2/2012 08:28

Ah Well! Down again. At least they have done as asked and updated us. Long may it continue.

[kermit] 20/2/2012 08:25

Coiled spring!
Fast track.
Advanced Development.


Its better than Morcombe and wise

[willy26] 20/2/2012 08:24

I think OIL SHALE is 50% share. Do not forget it is Holland. Loads of red tape.

[bionicdog] 20/2/2012 08:19

Rapid , rapid , rapid.

[forcemode] 20/2/2012 08:15

ＳｍA345;ｓｈｉｎA351;！　ＮｅA367;ｓ　ｏｕA364;，　ＦＴA331;Ｅ　ｕｐ288;ａｎｄ　A359;ｕｒ　ｓA352;ａｒｅ　A360;ｒｉｃｅ288;ｄｏｗｎA281;　Ｉ　ｇA365;ｅｓｓ　A367;ｅ　ｓｈA359;ｕｌｄ　A346;ｅ　ｃａA362;ｅｆｕｌ288;ｏｆ　ｗA352;ａｔ　ｗA349;　ａｓｋ288;ｆｏｒ！

[soulsauce] 20/2/2012 08:02

Zzzzzz!!

The Group's guidance on first half of 2012 production is a forecasted base line
production before those interventions of approximately 1040 boepd, (almost all
from the six producing gas fields in The Netherlands). The effects of the
anticipated new work programmes will mainly show results in the second half of
the year. As Shareholders will be aware, those activities are always subject to
partner and State Department of Mines approvals which will largely determine
the timing and therefore the second half 2012 production forecast.

[falklands] 20/2/2012 08:02

Nobody told me about 20 to 30 billion gross oil shale ? Is that 100 percent interest ?

Long term but cannot find on company website.

[currypasty] 20/2/2012 07:56

Northern Petroleum is pleased to announce that in 2011 it produced at a daily
production rate of 1582 boepd, up 31% upon 2010 and delivering upon the
forecast of 1550-1650 boepd announced in the 2010 Annual Report. The average
unit gas price received during 2011 in The Netherlands was EUR0.264 per normal
cubic metre (approximately $9.2 per mcf using the end 2011 exchange rate). The
cash on hand at 31st December 2011 was EUR29.6 million, an increase of EUR8.2 (38%)
over the prior year.

OUTLINE OF STRATEGY FOR 2012

2012 activities will be directed towards

* Production increasing activities in The Netherlands

* Rapid follow up drilling and extension of seismic coverage after the 2011 oil
discovery offshore Guyane

* Reaching agreement with new partners to provide the finance for drilling
offshore Italy and conduct exploration operations in the southern part of the
Adriatic Sea now that Eni are moving to produce oil in the area

* Moving forward on the shale oil project in the West Netherlands Basin after
encouragement from initial evaluation reports

[kermit] 20/2/2012 07:50

That has to be the most boring update i have ever seen!

I nearly went back to sleep half way through the first para

[maxk] 20/2/2012 07:44

get up. we have newz!

[bionicdog] 19/2/2012 11:00

Aye , best to wait till 12.00.

[valhalla3] 19/2/2012 10:16

think imps prediter is knokin this down all teh time lol bit erly 4 a drink? 9=#

[bionicdog] 18/2/2012 15:47

I didn't say that it would necessarily fall further. I said that if the market in general tanked , NOP would follow even though it didn't follow it on the way up.

[soulsauce] 18/2/2012 15:23

sg31 in the games I have seen them this season in many they have rode their luck, I think the luck has run out. Typical!!

[sg31] 18/2/2012 15:18

Soul, What's gone wrong at Hillsborough? They seem to have lost the plot.

[soulsauce] 18/2/2012 14:07

maxk - 18 Feb'12 - 09:07 - 35411 of 35415 (premium)

Not sure about room for further falls...unless there are some unknown unknowns hidden away in the biscuit barrel that we dont know about.

maxk you have to ask yourself why Muzzer and his cronies keep so quiet. The company performance and that of the share price have been nothing short of a disaster given the amount of licences they have and the limited amount of actual exploration they do.
We know, because they have said, that gas levels are falling off in Holland and nothing as yet to replace that.

That they blindly lead the current plan and have never wavered given it's obvious failure to enhance the share price is nothing short of a disgrace and shows the BoD have either no ambition, lack the will, or just completely not up to the task IMHO.

So they will go on just awaiting whatever morcels they can when the Dutch and Italian authorities allow them to do something, but the consequence will be more stagnation.
It is about time Muzzer handed over the reigns to someone with a bit of ambition and thought for shareholders.

[maxk] 18/2/2012 11:34

"preferably while the shareholders are still alive"



Huge LOL !

[poikka] 18/2/2012 11:33

Yus. Only in NOP's case, they've forgotten.

[currypasty] 18/2/2012 10:56

The Directors aren't there just for their salaries and pensions; they're there to make money for the shareholders, preferably while the shareholders are still alive.



ha, you sure ?