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

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.

Cool! bring it on!

Some positive news today ........

Nautical Petroleum spuds Selkie exploration well 8/25a-1 west of Skipper

LONDON (Thomson Financial) - Nautical Petroleum Plc. said its Selkie
exploration well 8/25a-1, west of the Skipper discovery, was spudded on May 11.
This is Nautical's third operated well and initial results are expected in
early June, the independent exploration and production company said.
The company also said that the Selkie prospect is a four-way dip closed
prospect which, following the completion of extensive evaluation of seismic data
is believed to be larger than the Skipper discovery.
"The well will test the largest of a cluster of shallow prospects along a
proven oil migration path. This is Nautical's third operated well which will be
followed by at least one further operated well in the second half of 2008," said
Chief Executive Steve Jenkins.
Nautical Petroleum holds a 60 percent stake in Block 8/25a, while Celtic Oil
Ltd. which is wholly-owned by SK Energy holds the remaining 40 percent.

Shares slightly better on good volume, but it seem the order book is still having some trades at offer 9.25p, bid have move up to 9.06p

The bid is improving to 9.15p as the volume have been rising once again today

       

Good news today, a reason for the large volume recently.......

Farm Out Agreement
Nautical Petroleum plc (AIM:NPE), the developer of heavy oil interests on the UKCS and mainland Europe today is pleased to announce that it has entered into a farm out agreement with Canamens Energy North Sea Limited ('Canamens') whereby Canamens will acquire a 30% interest in the North Sea Block 8/25a.

Under the terms of the agreement, Canamens will fund their ongoing 30% interest of the current well plus a portion of Nautical's costs.
The farm out terms provide for a $20 million cap on the Selkie well expenses against a current estimate of $16 million.

Following the completion of the farm out Nautical will retain a 30% interest and Celtic Oil Limited (wholly owned by SK Energy) will retain a 40% interest. On completion of the well, and subject to partner and BERR approval, Canamens will take on operator responsibility for Block 8/25a.

As announced on the 12 May 2008, Nautical commenced its first exploration well on block 8/25a, which will assess the Selkie prospect.
Following this and previous transactions, Nautical now has an effective 100% financial carry on the current exploration programme on Block 8/25a.

Nautical is also in advanced discussions with Canamens regarding further farm-out agreements on Blocks 9/2b and 3/27a, and related announcements will be made in due course when appropriate.
Commenting on the farm out to Canamens, Steve Jenkins Chief Executive Officer of Nautical said:

'The farm out on block 8/25a is excellent news for Nautical shareholders, as this mitigates ongoing risk in the portfolio and maintains our cash balances.'
'The discussions with Canamens endorse the quality of our assets, confirm the continuing support for Nautical's strategy on the UKCS, and will align our interests in a number of key exploration blocks.'

Is now moving well ahead 10.50 / 10.75p +1p