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.

Latest Company News

Download Nautical 2007 Annual Report

Hardman & Co. Research note

Kraken spudding imminent.

come on you two....make up your minds....is it...isn't it.,.

No one seems to have taken notice of the significant rise in NPE, glad i'm in here.
Along with EO, and XEL could be a nice little earner. hello.,.

New high reached today.,.

We must be very near completion of side track drilling, which maybe why sp is on the climb.,.

Gone ballistic, successful kraken drill 3+

Well done Balerboy.....!....

Out for now with a very very healthy profit, EO. is next in line and topped up there.,.

just the beginning for this fledgling company Balerboy, hope you didn't sell them all as i think NTE will be the next Cairn / Tullow. 100mb at 50$ values this find at 500m (info from another site and not verified by) with more to come and now derisked assets value much higher

out for now and hoping for an eventual retracement to get back in, but knowing my luck it'll be another asos.. backing EO. in hope.,.

or RKH first the strike then... the analysis then confirmation of flow test all to come

anybody know where the rig goes after drilling for eo. is it back to npe to see what they actually have??

some suggest thisfind is 197mbo and worth over 750m to the NAV. With newsflow of Catcher to come and more analysis on this find the sp can only push higher imo

Nautical Petroleum plc has been 'nominated' by Shares readers in the Best AIM Company Achievement category. The Awards ceremony is tonight.

Nominations are:

Blinkx plc
H&T Group plc
Hightex Group plc
Mulberry Group plc
Nautical Petroleum plc
Rockhopper Exploration plc

AGM, useful time tables.

Click here for AGM notes

One to keep an eye on

http://www.dailymail.co.uk/money/article-1351230/MARKET-REPORT-GEOFF-FOSTER-Nautical-tipped-lucky-strike.html#ixzz1CJBIzfHC

COS on this is about 90% after XEL success

getting into the 5 mark now, northsea a good place to be at the mo along with EO. and XEL. I'm in all three and waiting.,.

No one seems to have noticed NPE has broken through 5 barrier and holding, must be something stirring.,.

didn't take advantage of 5 but glad i got out at 440p north sea gone quiet for now.,.

For immediate release
6 July 2011




Nautical Petroleum plc



("Nautical" or the "Company")



Kraken 9/02b-5 Appraisal Well Commences

Nautical Petroleum plc (AIM:NPE), is pleased to announce that the drilling of the 9/02b-5 well has commenced on the Kraken discovery located on North Sea Block 9/2b.

The appraisal well spudded at 13-30 hrs this afternoon. The well is being drilled approximately one kilometre to the south west of the 9/02-1a discovery well, to further appraise the core area of the field and establish a commercial flow rate.

Initially a pilot well will be drilled, cored and logged. This will be followed by a horizontal sidetrack of up to 600 metres. A Logging Whilst Drilling (LWD) suite will be run over the horizontal section to provide further understanding of the reservoir quality and distribution. The horizontal sidetrack will be completed with a gravel pack and tested using an Electric Submersible Pump (ESP). Upon completion of the drilling programme the well will be suspended to be used as a future development well.

The drilling is being performed by the semi-submersible rig the Wilhunter and is expected to take approximately 60 days in total, subject to weather and any operational downtime. The initial pilot well is expected to take 20 days.

Nautical has a 50% interest in North Sea Block 9/2b and is the operator. The other participants are Celtic Oil Limited, a fully owned subsidiary of First Oil Expro Limited (30%) and Canamens Energy North Sea Limited (20%).

Commenting on this announcement Steve Jenkins, Chief Executive Officer of Nautical said:

"We are delighted to commence this key activity, which is aimed at confirming Kraken's commerciality. Assuming success, it is our intention to submit a preliminary Field Development Plan (FDP) for the first phase of the development to the Government by September 2011, with a target for full FDP approval by June 2012. Success will represent a significant step towards the commercialisation of Kraken."