Nautical Petroleum plc is an independent hydrocarbon exploration and development company listed on the London AIM. The company's mission is to acquire, develop and add value to discovered heavy oil, initially on the United Kingdom Continental Shelf.

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Download Nautical 2007 Annual Report

Hardman & Co. Research note

no .... the fool stays to the end, the brave man bites the bullet

Nothing new but a summary from Pter Shearlock's stock picks released this morning....

Nautical out of luck

Nautical Petroleum has not had a lot of luck in its winter drilling campaign. The latest piece of bad news is that the Grenade-3 well in France proved a dry hole. Nautical has a 22 per cent interest in the prospect.

The shares have tailed back from the 10p at which I tipped them in September last year to 8.63p now but there is some merit in holding a while yet. Attention will now shift to the Selkie exploration well due to spud in the North Sea in April. Hold.

Yes cynic, I suppose it should be your way......... a fool and his money.

Despite the above advice to hold I have left the room while I am still in profit.

I'll watch for a while.

Nothing brave about that, in fact quite cowardly as this is my thread.

slight rise today, hopefully someone can tell me that we have an interest in a well being spudded somewhere, or not, whichever... whatever...

Results due 19th march, maybe rise because thats now within T10's??? Despite Egdon's Granade3 poor drill result, the results will still bear a reminder of the success they had with Kraken...

Have just noted a couple of rather large purchases, totaling 1.9 million shares, are we expecting drill results somewhere with an interest???

The stock has been unloved for the last few months but I still think fair value is considerably higher and shall keep a keen eye on the exciting year ahead.

As a holder, very happy to see 25 and 50 dma's broken today, 200 not far away, nice buying volume today...

Blimey ! this has woken up all of a sudden !

Rumours of a takeout on the other board - link above.

There is bound to be more consolidation in the Oil and Gas world...there are companies out there truly loaded !

Bought npe when they were tipped in SHARES magazine some time ago and happy to hang to them for now. Is anyone with the savvy that I don't have able to explain why npe does not pick up significantly? I understand the disappointment with the last couple of wells but all indicators point to this stock having a true value of around 18p plus?

Opman, you are right, but that could be said for most oilers at present. Punters are running scared and only +tive news and/or bid rumours will drive this up.

03/08
The company said that indications are that there could be considerably more oil in place at the Kraken accumulation than originally envisaged, while the higher API gravity and lower viscosity should increase recovery factors and achieve a higher price per barrel. "Our drilling programme has confirmed further resource potential at Kraken which underpins the value of our portfolio," said chief executive officer Steve Jenkins.

NAV of 13p on Kraken alone given by Hardman

anyone know what's about to happen ? this is tanking...not looking good.
so much for the positive outlook !
(good time to buy though!)

NPE appears rather undervalued after sale of 5% of their shares at 12.5p for almost 8m see RNS.

Spotted today in the Times by denjon at ADVFN

Nautical Petroleum, the North Sea oil explorer, rose 0.57p to 9.07p after hopes of a bid were triggered by International Energy Group, the Swiss energy trader formerly known as Masefield Energy, selling a 5 per cent stake to Shincheon, of South Korea, at a 47 per cent premium of 12p a share.

The Koreans were thought to be buying more shares on the open market. The company struck several development deals last year with SK, the Korean conglomerate.

http://business.timesonline.co.uk/tol/business/markets/article3747469.ece

currently working in offshore industry and big talk of this companyamongst colleagues. Longer term gains 2011-12 look massive

based on what davva?

Spud imminent on Selkie. Rig in position according to intelligence gleaned from Antrim, Shipbrokers' reports and Ship plotter following tugs there and back.