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

pb - too early to be sure, but

16/09 Senergy R/M Byford Dolphin 20/09

http://www.fearnleyoffshoresupply.com/templates/SpotList/RecentFixtures.aspx?id=53

Thanks oilwatch

pb - I've been abroad. The rig move above wasn't for NPE, but we should be next on the list late this month. Meanwhile, the Kraken appraisal well spudded on 22/09 using Sedco 704 seems to be complete:

ODIN VIKING

http://www.vikingsupply.com/chartering_positions.asp

Maybe the location was too ambitious, but the objective was to locate the oil/water contact, so, hopefully, not another setback.

CONsolidation:-1:20 (25 Sept08- DYOR).
I see a sp spike and Ann about 25Sept08 . . . can someone confirm the sp prior to CONsolidation...looks like 5p - but I should have thought the prices should have remained the "same" since there are fewer shares afterwqards...etc.
-(ie the earlyier-graph needs conversion to account for the share density)-
-Anyone...?

Yes, they were around 5 pence.

The market has been less convinced about NPE's heavy oil the cheaper WTI has become imv.

A turnaround in oil would change that opinion.

There has been some chat elsewhere about the possibility of mothballing as NPE are well funded but in that I could not comment.

No news for some time have they hibernated for the winter?

The Mariner and Bressay fields are heavy heavy oil propects. Probably the heaviest grades in the north sea, Bressay being the heavier of the 2. The company i work for sold its interest to StatoilHydro. To give you an idea of how heavy the oil, either field would be discounted to Brent probably more than =>15 dollars. Also the added problem would be market the oil. The oil is that thick its going to cost a lot of money to get it out of the ground. Bressay is like tar. For those projects to work the price of oil would have to be at the very least 80 dollars imho. If prices did rise then i would expect the discount to brent to widen even further on sales. I dont know Nautical too well but isnt most of their portfolio based on heavy grades? If thats the case then there wont be much activity with regards to development.

apart from other negative issues with heavy oil, am i correct in thinking that it is also very high in sulphur and thus much more expensive to refine? ..... or is the one incidental the othe other?

Yes you are correct but the Fawley refinery at Southampton is one of the best in Europe at refining this Oil.

Just to counter the misleading posts above:

http://otcnet.org/2006/tech_prog/sched/documents/otc182341.pdf

All gone quiet here. 2010 apart from a possible drill at Keddington then? Thinking of getting some Aminex for their Jan gig with tlw if they can farm it.

Hello oily

I have been away on hols, come back and trying to get back into this again.

Very interested in a couple I see you on, SOLO and BPC, early doors and all that plus BPC has a fantastic portfolio.

Talking of heavy crude....discovered light crude....it's like looking for silver and coming up with gold....

Incredible rise.....doing better than EO....which is strange...anybody in this ?...

Why is this doing better than Encore oil...?...200% rise...shades of RKH here...

short covering?

Are you in this dd ?....managed to get EO., but this is doing even better...