For Immediate Release 1 April 200




Nautical Petroleum plc ('Nautical' or 'the Company')
Listing of Shares


(AIM market of the London Stock Exchange. Ticker symbol - NPE) Application has
been made to the Alternative Investment Market of the London Stock Exchange
('AIM') for the admission to trading of 775,000,000 Ordinary Shares of 1p each
in the Company.

At the recent EGM it was also resolved to increase the Authorised Share Capital
from 4,000,000 to 12,000,000

Commenting on the transaction, CEO Steve Jenkins said:

'The completion of this transaction sees Nautical well placed to lead the next
phase in developing heavy oil reserves on the United Kingdom Continental Shelf,
an area in which new activity is encouraged by both government and industry.

'We look forward to increasing shareholder value by developing the heavy oil
assets in our existing portfolio. We intend also to expand our heavy oil asset
base through both acquisition and future licensing rounds'.


Enquiries:

Nautical Petroleum 020 7550 4890
Ian Williams, Chairman
Stephen Jenkins, Chief Executive

Insinger de Beaufort 020 7190 7000
Simon Fox
Louis Castro

Buchanan Communication 020 7466 5000
Tim Thompson
Ben Willey
Eleanor Williamson



Notes to the Editors

The reverse takeover leading to today's listing of Nautical was announced
on 7th March 2005 and has been well received by the market.

Nautical aims to acquire, develop and add value to further heavy oil
reserves initially in the United Kingdom Continental Shelf (UKCS).

The Company sees an excellent opportunity in forthcoming licensing reviews
and current rationalisation of the UKCS by oil and gas majors. Smaller, more
focused companies are capable of the development of undervalued heavy oil
reserves on a phased basis, mitigating risk.

In conjunction with the downstream oil interests of shareholder Masefield
Energy Holdings AG, the Nautical heavy oil reserves will be developed for
fuel supply to the thermal power generation industry.

Nautical holds three assets significant to pursuing its strategy. As a 75%
shareholder in Nautical Petroleum AG, Nautical has sole access to licences
for contiguous blocks 9/2b and 3/27a on the UKCS, in which Nautical
Petroleum AG has a 100% interest. Specialised process equipment comprises
the third asset.

The first block, 9/2b, contains the 9/2 - 1A oil discovery well and is in
the vicinity of the Bressay and 9/3 heavy oil discoveries. Nautical has
purchased and interpreted 2-D seismic data, purchased 3-D data, purchased
and interpreted digital well data and completed an extensive assay of a
sample of oil from well 9/2-1A. Based on current data it has been confirmed
that there is an oil column of at least 33 metres.

The Company has purchased 2D seismic data and other information on the on
wells within the second block, Block 3/27a. The interpretation of this data
has generated several leads, one of which is analogous to the 9/2b - 1A
discovery, but with probable greater reservoir thickness. There are
indicators of liquid hydrocarbons deeper in the geological section.

Nautical's specialised process equipment is of a type specifically
designed for the Mariner discovery extended test well. The equipment is
suitable for use in testing of heavy oils down to 10 degrees gravity, is
easily deployable and fully compatible with most semi submersible drilling
rigs. When not being used by Nautical, the equipment can be hired to third
parties for well testing in order to generate revenue.

Nautical's management team have extensive networks in the oil and gas
industry gained over the course of careers in the sector.


This information is provided by RNS
The company news service from the London Stock Exchange

Buy Nautical Petroleum
Suggests Stewart Dalby of Oilbarrel.com
The latest turnaround of Malcolm Burne, mining and oil entrepreneur
at natural resources investment group AIM-quoted Golden Prospect,
is the desultory mining company Bullion Resources. Bullion became
a cash shell with some 1.5 million pounds in the kitty.
The upstream oil and gas interests and non-trading assets of
Masefield AG, which is a global trader of crude oil and refined
oil products have been injected into Bullion.
It has become Nautical Petroleum in this reverse takeover
in a deal worth over 20 million.

Bullion Resources was suspended at 6p. When Nautical shares
went live recently they immediately rushed up to 10.5p.
But there could be a lot more to come.
It is interesting story with plenty of upside.

Like other oil groups Nautical has honed in on the North Sea.
These groups have become known as scavengers picking up
parcels of assets which the big boys BP, Shell and Chevron Texaco
deem too small or "immaterial" to their interests.
Without the vast overheads of the majors smaller groups
can put together various blocks and squeeze extra output
from the mature fields. With commodity prices high, groups
like Paladin Resources and Venture Production have
flourished in recent years by scavenging.

Nautical is different in that it has decided to go for
discovered heavy oil in the United Kingdom Continental
Shelf in the North Sea. " Heavy Oil!" I hear you say.
"Surely that cannot be a good idea. Recovery rates are low?"
The heavy oil sells at a discount to Brent Crude,
the benchmark for North Sea production. Many groups,
having discovered heavy oil, have decided to leave it there.
Chevron Texaco is a case in point - it has never developed
the discoveries in the Mariner field in the East Shetland Platform.

Critically, through its association with Masefield and
through a key acquisition, Nautical has acquired
exclusive technology to process the heavy oil and market
it for power generation at economically viable prices.

Britain's Department of Trade and Industry (DTI) has been encouraging investment in the North Sea where it says there could be
14 billion barrels of unexploited oil in various pools and pockets.
However, after several years of scavenging the smaller
groups are finding it increasingly expensive to pick up
new fragments. The larger groups are tending to hold on
to their little bits and pieces to gain a couple of years
more revenue while oil prices are sky high. If they do sell,
it is at top prices.

The first thing to be said about Nautical's operation is that
because it is heavy oil, which for all intents and
purposes is "stranded" and unloved, the price of entry is low.
While not revealing exact figures, Nautical has gained
acreage by buying the existing 2D and 3D seismic at
minimal cost and has committed to drill and develop the block.
There are no expensive exploration costs.

As a start Nautical has acquired a 100 per cent interest in
two licences in the United Kingdom Continental Shelf,
namely Licence P1077 over block 9/2b and Licence P1203
over block 3/27a. Licence P1077 contains the 9/2-1A
oil discovery and is contiguous with licence P1203.
Both are located on the East Shetland in the vicinity of
the well-documented Bressay and 9/3 heavy oil discoveries.
The valuation by Landmark Eame (a subsidiary of Halliburton)
of the North Sea proven and probable reserves for licence block 9/2 is 51 million barrels of oil, with risked upside potential
in block 9/2 of 295 million barrels in place.

Licence P1203 (Block 3/27a) is contiguous to the north
with block 9/2b.Seismic data purchased by Nautical on the
wells in the vicinity of the block have generated several
leads at the Heimdal Sandstone member level, and one significant
lead at the Upper Jurassic Humber group in the north of the block.

Although the oil discovered at 9/2-1A is 15 per cent API,
Nautical is convinced it will flow, and that, with water
injection, recovery rates of 30 per cent can be achieved.
But it is what comes afterwards which looks to be Nautical's
ace in the hole.

As a third asset the group has been able to acquire ownership
of specialised heavy crude oil production and processing
equipment designed and supplied by Halliburton for the
Extended Well Test (EWT) programme undertaken successfully
on the Mariner oilfield by Chevron Texaco in 1997.
This equipment is suitable for use in testing heavy oils down
to 10 per cent gravity.
The equipment can currently handle up to 40,000 barrels of
oil and liquid production per day, of which 25,000 barrels can be oil.

Although Heavy Acidic Crude Oils can sell at a discount
of around US$3 a barrel to Brent Crude, this so called
Multi Phase Super Fine Atomised Residue (MASR) process
allows Heavy Acidic Crude Oils to be used for power generation
and make them competitive with gas, coal and fuel oils.

The sums are complex but to put this another way, and briefly:
if you assume a model of a US$24.75 a barrel for Brent Crude,
then once the Heavy Oil is put through the "cracker" and separated
into light products - oil for upgrading and heavy fractions -
then the compound overall price which can be realised is US$26.50

meaning Nautical can add value and make heavy oil production
commercially viable.

We say Nautical has made a start with its two blocks.
There is scope for plenty more. The UKCS is thought to contain large discovered, undeveloped oil in place of 5 billion barrels.
There is large potential additional oil in place of 5 to 6 billion barrels. This is capable of producing 250,000 bopd plus by 2008.

That is a lot of oil, particularly if you can sell it profitably.
The shares are attractive.

Stewart Dalby edits the definitive source of information and comment on oil exploration stocks - www.oilbarrel.com -

well i really do not know when to sell on this one
i got them for 8p

in for a penny in for a

since i am the only one who has made a comment
you might say i am talking to myself
so i will tell myself to sell at 17p

some good money to be made here and no one seems interested
more good news today,
http://www.oilvoice.com/m/uploadDetail_public.asp?upload_ID=3502

look at it my way, you could lose a couple of pence on the price
if things go bad, or increase your money tenfold if things go well
the only negative i see,is you might need to wait a year to become rich

its on the verge of nudging up again today
trust me on this one, i have done a lot of research,

just gone up like i said,

ake bought blo at 5 pence33000,hope it goes up mbugger

Wednesday, April 06, 2005

Egdon Resources has announced today that its wholly owned subsidiary,
Egdon Resources (New Ventures) Ltd, has reached agreement,
to farm out 22% of its interest in the St Laurent licence in France to Masefield Energy Holdings AG. Egdons working interest in the
licence will reduce from 42.850% to 33.423% on completion of the
agreement, which is subject to French ministry approval.

In return for the licence interest, Masefield has agreed to fund
work designed to determine the feasibility of producing and marketing
the crude from the Grenade discovery. The licensees will submit
documents to the French Ministry on 7th April 2005 to renew the
licence for a further 3 years beyond the expiry of the first period
on 7th August 2005. The less prospective areas within the licence
will be relinquished as part of the renewal, reducing the area under
licence to approximately 650 square kilometres.

Commenting on the agreement, Egdons Joint Managing Director,
Mark Abbott, said A number of new technologies have been
developed in the past 20 years to enhance well production rates
for heavy oils and their handling at the surface. The Company decided
that the best way of progressing the development of this potentially significant resource was to bring in a specialist company such as
Masefield with management experience and access to proprietary
technology in such heavy oil operations.

Masefield Energy Holdings AG is a Swiss registered company with
interests via subsidiary companies in heavy oil projects,
including Nautical Petroleum PLC, a specialist energy company
focussed on production of heavy crude oils from discovered
reserves in the United Kingdom Continental Shelf and QPS AG,
which has access via Masefield Energy Holdings AG to proprietary
heavy oil technologies.
Egdon operates the St Laurent licence and the existing partners are also participating with Egdon in the farm-out. The new working interests in
the St Laurent licence following completion of the agreement will be:

Egdon Resources (New Ventures) Ltd 33.423%, Sterling Resources (UK) Ltd. 33.423%, Masefield Energy Holdings AG 22% and Eagle Energy
Limited 11.154%.Source: Egdon

touched 11.1/2p at one stage today so still worth keeping an eye on,

akel44

Just so you are not talking to yourself. A little story, that sounds like a real good ramp, but really it's not.

I was playing golf on Saturday with a postman, who also makes a living from doing the book for a Bookie. We were discussing shares and he happened to mention that a friend of his, who apparently knows a bit about the stock market, had recommended Nautical Pet. Personally, I had not heard of the company, but it was interesting to see that the SP leapt 35% at one point today. I have no interest, primarily because I thought it was a bit of a tenuous tip, but the proof was certainly in the pudding today. Make of it what you will.

pth

Is the jump today to do with theSt.Laurent licence or something else,any views.

In a note published last week, Hardman & Co estimated that
the net present value for Nautical Petroleum's stake in Block 9/2b
in the North Sea could alone be worth 23.4p per share based
on a conservative $30 Brent crude price.

like i said earlier must be worth the risk,much more to gain,than lose

http://www.britishbulls.com/StockPage.asp?CompanyTicker=NPE&MarketTicker=RESOURCES&Typ=S

up again today,

from today's Daily Mail:
Nautical Petroleum. Hardman says buy at 7.75p (now 10.5p). Actively seeking to expand. Its heavy oil assets are undervalued and underexploited.
Should be good for a tick-up on Monday

sorry you all missed the train,
never mind there are plenty of other fish to catch,

This train don't stop here any more!!!!!!!!

Hop on at the next station, just re-fueling!

Company website for Nautical Petroleum --

http://www.nauticalpetroleum.com/

More about `heavy oil'--

http://heavyoil.rml.co.uk/

Npe will become leading Heavy Oil explorer -- Doubled my holding this am!

dikytree.

very nice

ANY IDEA WHEN BLOCK 9/2B WILLBE BROUGHT INTO PRODUCTION OR ANY OTHER WELL ,FOR EXAMPLE EEN ARE MOTORING IN COLUMBIA.

not till 2006 ,but more contracts should be forthcoming,

a full recent review of everything about the company is here.

http://www.hardmanandco.com/Research/Nautical_May_2005.pdf

up again today

Thanks forHardman link, great 16 page spread, like a mini uni thesis,excellent info,sp looking good too.

holding steady!

well theres another good chance of making some good money on this one,
they will be wanting to raise more money soon,which might effect the price somewhat,and then its another climb to a nice profit,hope you will be waiting at the sidelines,

i have heard it has been tipped in the investors chronical,

http://www.companyannouncements.net/cgi-bin/articles/200507040730034044O.html

i am surprised myself its this price so quickly

NPE are building up acquisitions during 2005 andwill drill during 2006, what agreat plan ,let sp shoot up ake, o.k.

i really did not expect the rise and it was a big bonus,
but as you can see today, profit taking on news of the share placing.

Nautical Petroleum gained 2p to 15p following an 8m placing at 9p to help fund the acquisition of Alba Resources for 14.2m.

http://www.thisismoney.co.uk/investing-and-markets/tips-and-tactics/article.html?in_article_id=401972&in_page_id=23

Three new blocks announced today map on web site

if we ever get down to 10p i will buy back in,

tipped as a risky buy,

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/02/05/ccmm05.xml&menuId=242&sSheet=/money/2006/02/05/ixcoms.html

Am liking the look of these guys? anymore upto date info, results due next week?
a bit risky but has 20p stamped all over it imo??

strong results andstrong break of 20p, shows 40p+

Ellio,

nice to see you on this thread :o) I haven't looked into this one in detail (cos my brain aches from doing too much of this already today), but it seems they have

>> Proven and Probable reserves increased 64% to 64.9 million barrels <<

to quote directly from today's results.

Value that at even $40 a barrel and you have 2.6 billion. Risk that at 10% and you have risked asset value of 260 million - almost double the present market cap. Recalculate the valuation using $50 per barrel and you get risked asset value of 324 million, or 2.42 times present market cap. Current mid-price is 13p. Is anyone going to stick their neck out and put a price target of (2.42 x 13) = 31.5p on this???

Perhaps somebody could advise what heavy crude is worth? I saw an earlier post on this thread suggesting it trades around $3 below Brent Crude . . .

Sometime when my brain isn't aching any longer I'll do some more digging. Meanwhile, provocative comments and other feedback may be posted below :o)

soul trader. one of the guys on CHP will know...

All I ca say is that they look undervalued on a quick fag packet calc like yours, something is holding it back, probably not operating in as "sexy" area as some of the others, however, to me it just looks cheap.

Ellio,

you have a point re "sexy". The North Sea is currently famous for being an area in which it is difficult to get hold of drilling rigs, labour, etc., and all at inflated prices. It could be that investors are holding their fire until they know that companies are in a position to drill/produce . . . Mind you, the returns should be good and with 65Mbbl in place, that should give a fair bit of upside.

NPE 11.75 - 12.25p +0.50p

Breaking out from the downtrend

Thought I would bring this to the surface.

Been underwater (no pun), for some time.

Heavily discussed on TMF lately and tipped by Bridgewell as being over 60% to NAV, so how much lower can it go?

My guess that recent buys are TMF'ers, showing that ther TMF effect does work!

If that is the case, it has bottomed and could be a good time to buy in.

Here are the links.

http://boards.fool.co.uk/Message.asp?mid=10280577

http://boards.fool.co.uk/Message.asp?mid=10292206&sort=whole#10293108

Todays Broker upgrade note:-

http://boards.fool.co.uk/Message.asp?mid=10293156

Here is the latest news concerning rigs .

http://moneyam.uk-wire.com/cgi-bin/articles/200611210700513990M.html

"Nautical Secures Two Rig Slots


Nautical Petroleum plc (AIM:NPE) the specialised developer of heavy oil assets
in the UK and Europe today announces that it has secured two drilling rig slots
from The Peak Group in mid 2007 which meet the Company's requirements and
programme for drilling the Kraken and Mermaid prospects.

The Kraken discovery on Block 9/2b has best estimate contingent resources of 53
million barrels of oil (gross) of which Nautical has a net interest of 23.9
million barrels of oil following the recent farm-out to Celtic Oil (a subsidiary
of SK Corporation). Nautical has a 45% equity interest and is the Operator.
Nautical and Celtic Oil are committed to 3D seismic and two wells on the 9/2b
licence.

The Mermaid prospect on Block 9/11c has best estimate prospective resources of
129 million barrels of oil (gross) of which Nautical has a net interest of 77.4
million barrels of oil. Licence 9/11c forms part of the multi block farm out to
Celtic Oil. Nautical has a 60% equity interest and is the Operator. The license
carries a commitment to drill one well.

Both site surveys for this drilling programme have already been acquired.

Commenting on the securing of the drilling rig slots, Steve Jenkins Chief
Executive of Nautical said:

'We are delighted to have secured these slots through The Peak Group. We are now
able to complete the remaining preparatory work and move ahead with our
programme of appraising and proving up our resource base.

Kraken and Mermaid are important prospects for the Company as their contingent
and prospective resource estimates total over 100 million barrels of oil which
we plan to convert to reserves through an agreed drilling and appraisal
programme. Nautical continue to develop its portfolio in the North Sea and
Europe and we look forward to driving towards production during 2007.'

Bridgewell today "overweight" to "buy" at a 67% discount to NAV of 19.5p

"........a number of asset backed oil companies on AIM that will look attractivew to a trade buyer; most notably, in our opinion NPE."

They say, "The stock has slumped to a 67% discount to our 19.5p NAV. This equates to an EV/boe of under $1.90 (2P reserves plus contingent resources). We are upgrading the stock today from Overweight to Buy."

http://boards.fool.co.uk/Message.asp?mid=10293156

LONDON (AFX) - Nautical Petroleum took top spot among small cap risers,
adding 3/4, or 11.54 pct, to 7-1/4 pence after Bridgewell cranked up its
recommendation on the stock to 'buy' from 'overweight'.
Bridgewell's Al Stanton pointed out to clients that there is a number of
asset-backed oil companies on AIM that will look attractive to a trade buyer,
most notably, in his opinion, Nautical. He added that the stock has slumped to a
63 pct discount to the analyst's 19-1/2 pence a share net asset value.

Now that is what I call a good return on the day.....

Now that's what I call another good return in a day!

FT comment:

SMALL CAPS: NAUTICAL PETROLEUM BUOYED BY BROKER UPGRADE

By Robert Orr and Neil Hume

Nautical Petroleum shares reversed prolonged weakness as house broker Bridgewell upped its recommendation on the North Sea heavy oil company from overweight to buy. Al Stanton, analyst, said that Nautical shares now traded at a 67 per cent discount to its net asset value, adding that at such a low valuation it could be taken over. We see significant upside potential in Nautical. We believe that if the market does not correct this anomaly then industry will, he told clients. Nautical shares rose 23.1 per cent to 8p.

Nautical Petroleum plc

Holdings in Company

Nautical Petroleum plc ('Nautical' or the 'Company') has received notification
that The Goldman Sachs Group, Inc. ('GS Inc') is interested in a total of
100,753,738 ordinary shares of 1 pence each in the Company ('Ordinary Shares'),
representing approximately 9.3 per cent of the Company's issued share capital.

Of this holding;

Goldman Sachs & Co, a wholly-owned direct subsidiary of GS Inc, is interested in
100,553,738 Ordinary Shares as custodian for its customers, registered in the
name of Goldman Sachs Securities (Nominees), Limited; and

Goldman Sachs International, a wholly-owned indirect subsidiary of GS Inc, is
beneficially interested in 200,000 Ordinary Shares.