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

Evening all.

Warm night.

michaelwalters.com - Heavy Oil - Nautical Petroleum (NPE) [6/11/2007]

Link to ADVFN site I think

pb - the link works and a good idea. Why not put it in the header and I will do likewise

steelwatch (aka oilwatch)

Ha!

I knew it was you you monkey!!!

I really do think your blog over the road is the market leader.............

It's time to update this header in any event here, but I wonder if it's time you opened one here, or the alternative could be for you to post me your work and I claim the credit for it!!

LOL

oilie, are you in TRP?

Could be a biggie.......

pb - I have put a link to this thread on the other side (top right).

Not in TRP alas, but heavily engaged with PVR and NPE. The trouble is, there are so many prospects out there and not enough readies to go round them all :o(

pb - time is at a premium for me and I am happy for you to carry on the good work here as I spend most of my time there. Managed a 20% top up today :o)

Ookayu

"In this ever changing world in which we live in..........."

http://www.ft.com/cms/s/0/48c71c6a-9fb4-11dc-8031-0000779fd2ac.html?nclick_check=1

' ...The company's share price has risen by 55 per cent in the past year to about 12p but is well beneath analysts' target prices, which range from Evolution's 19p to Hardman's 26p. Those estimates exclude the upside potential of a success on Mermaid. Unrisked, the field could be worth up to 15p a share to Nautical. Even for those without an appetite for the swings and roundabouts of oil exploration, the quality of Nautical's assets make the shares look interesting at current prices.'

Posted by pete0 and Jack Brent, elsewhere.............. Hmmm................. ookayu?

Sounds Canuck to me.

Nice one pb. Couldn't refer to MAM by name because ADVFN automatically change name and even url to "ADVFN COMPETITOR", so had to resort to tinyurl. Interest in NPE is building nicely now.

http://www.ft.com/cms/s/0/48c71c6a-9fb4-11dc-8031-0000779fd2ac.html?nclick_check=1

New well makes shares interesting

By Toby Shelley

Published: December 1 2007 02:00 | Last updated: December 1 2007 02:00

Nautical Petroleum launched its second well operation last week with results expected before the end of the year. The heavy oil specialist's first operated well brought doubly good news in mid-November, substantially raising estimates of recoverable oil and finding it to be lighter than expected. Company broker Peel Hunt has almost doubled its forecast of recoverable reserves on Kraken appraisal well. The quality of the oil will reduce production costs and might benefit the sale price. The new well on Mermaid is attributed a 33 per cent chance of success by Peel Hunt. Nautical has a 50 per cent interest in the field, which is seen as having potential to produce well over 100m barrels. The company's share price has risen by 55 per cent in the past year to about 12p but is well beneath analysts' target prices, which range from Evolution's 19p to Hardman's 26p. Those estimates exclude the upside potential of a success on Mermaid. Unrisked, the field could be worth up to 15p a share to Nautical. Even for those without an appetite for the swings and roundabouts of oil exploration, the quality of Nautical's assets make the shares look interesting at current prices.

Hi oilie, I have not worked out how to do the scrolling texts, but I am slowly updating this header here.

pb - 2 years ago I knew diddly squat about HTML. You kind of pick it up as you go. One way is trial and error and you might like to start a thread with the epic "HTML" or "Test" or whatever to try things out. If you right click on a blank part of the screen, then click "view source", a text document opens showing all the code on that page. Hunt through for what you want and cut and paste into any text editor (I use NotePad). When you think you have it right, try it out on your test thread.

Have fun!
regards
sw

i find it very difficult to get excited about heavy oil producers - see BLR for a salutary lesson! - so while NPE looks to be better than many or even most, the longer time chart that i produce below shows the current level may be difficult to breach, with what looks like further congestion and resistance at 14 ..... that said,there looks to be good support around 12.5

Thanks cynic

You thoughts are always appreciated.

RNS says Mermaid well a disappointment.

It's a duffer! (SURPISE SURPRISE!)

Bit of a blow..we'll just have to tread water untill the next drilling results.. let's hope there better than todays !


Nautical Petroleum PLC
10 December 2007


Immediate release 10th December 2007

Nautical Petroleum plc

('Nautical' or 'the Company')

Mermaid well result

Nautical Petroleum (AIM:NPE), the developer of heavy oil interests in the UK and
Europe, announces the results of the 9/11c-13 Mermaid exploration well, the
second well in the campaign after the highly successful Kraken appraisal well.

Well 9/11c-13 was drilled to 5113ft ss and encountered excellent quality sands
at Tertiary Heimdal and Maureen level. All depths were very close to prognosis,
however, both the main Maureen target and the secondary Heimdal objectives were
water wet.

Nautical (Operator) will assess the data gathered from the well and integrate
with the 3-D seismic to ascertain the future potential of the block.

The interests held in 9/11c are Nautical Petroleum 50%, Celtic Oil Limited (
wholly owned by SK Energy) 40% and Silverstone Energy Ltd 10%.

Commenting on the well result, Steve Jenkins, Chief Executive of Nautical said:

'This is a disappointing result, especially following the Kraken (9/2b-2)
appraisal which proved a larger oil accumulation than our maximum case.

'We look forward to continuing our extensive drilling campaign with the spudding
of the Grenade -3 appraisal well in January and the Selkie (Block 8/25a) well in
the second quarter of 2008.'

Disappointing and clearly a lot of insider trading today by the looks! That said whilst we may see an initial further fall I would say the price is well supported at this level just for Kraken so I intend to stay put for further developments.

Oh well.