Star Energy is currently testing the Avington well in Southern England.
This will take about 4 weeks an RNS news feed said, it started on 25/06/06.

I hope it proves positive so we get a good share price rise!
We are 5% holders but i'm not sure how much in pence potential this is worth for the company.

Another good reason to hold on to this share.

"when the forecast net production of over 2,250 barrels of oil a day once Wijk en Aalburg is on-stream is achieved, we will have reached a good base for advancing overall growth of the group."
http://www.proactiveinvestors.co.uk/companies/news/21431/northern-petroleum-starts-production-at-third-netherlands-field-21431.html

Well that would be right now then wouldn't it!

"Northern announces that production has started from the at Wijk en Aalburg gas field in The Netherlands. The forecasted contracted gross gas sales volume from the Wijk en Aalburg field is 150,000 normal cubic meters per day (5.6 million standard cubic feet per day or 963 barrels of oil equivalence per day (boepd), 433 boepd net to Northern), which brings Northerns daily production capacity to the higher end of our forecasted 2200 - 2300 boepd."
http://www.northpet.com/news/detail/2010/12/fourth-new-netherlands-gas-field-put-into-production


So NOP is now at "a good base for advancing overall growth of the group"

Going well today, up 10p, more to come methinks ;)

Current shareprice seems way under priced compared to analyst forcasts. 2 by Christmas ?

robnickson, your target is a bit low?

Here is how I think it will pan out. I am referring to recent posts on here so go back and look if you want more info on any of the points:

Current SP should be 196p according to Goldman Sachs, this is at $85 a barrel. The consensus expected 2011 average for oil is around 25% higher, which would lead to an increased valuation on NOP to 235p
t1ps.com have a 'buy up to 145p with a 350p target' recommendation
NOP is a 'Tip for 2011' from The Times
3 brokers are listed on Digital Look, all have 'strong buy' for NOP
Matrix analysts have a 170p target
http://gecr.co.uk/ have a 314p target

Results from MW1 should be in within a week or two, if they hit 35m to 60m barrels and a producer it will be seen as big news for NOP.

Tullow are drilling Guyana in Q1. The oilfield is expected to be similar to the nearby Jubilee field which is running at 58,000 bpd rising soon to 120,000 bpd. If Zaedyus production proves as good as Jubilee then NOP would gain the revenues on 725 boepd to 1500 boepd, a 31.5% to 65% increase on its production today. See post 90.

Based upon the above the NOP SP should easily pass 2 by the end of Q1.

Also by the end of Q1 Shell Italia MUST make a decision on drilling the Thrust and Fold belt offshore Italy, targeting 1Bn+ barrels of oil. Goldman Sachs have pencilled in Q3 2011 for the drilling.

Based on Shell Italia going ahead with drilling in Q3 2011, the SP should rise rapidly on the announcement and continue rising as the date nears for the spudding in Q3.

Goldman Sachs have valued a successful oil strike on a producer of 1Bn barrels as being worth 500% on their valuation of 196p, taking it to 945p. Allowing for the 25% higher oil price the valuation would increase to 1181p

So by the time Shell Italia are drilling the Thrust and Fold belt in Q3, the NOP SP should be speculatively bought up to at least 4 per share, leaving room for a double or treble for those already in, if they hit 1Bn+ barrels of producible oil as expected.

Digital Look Analysts, 3 strong buy and very bullish figures for 2011/2012. None of them will have included anything for Italy yet.

This thread is turning into a one man ramping campaign!

Wow, someone else is reading!

I keep telling myself to buy more NOP, but I need to keep putting it all down in writing to convince myself ;)

NOP Gloden Cross just completed. Its on the way up now.

ptholden are you on about tom or TA because tom has rampted this for years

markymar, he/she was on about me!

Tom has been bullish on NOP and still is(350p target). Until now NOP has remained undervalued, but NOW is the time for NOP to become a star. You only have to look at the last four RNS, then add the speculative buying that will come with Shell Italia drilling the 1Bn+ barrel field and you will see it. About 5 or 6 broker/analysts now have NOP as a strong buy or they have a much higher price target, its too late to go picking on tom at this stage.

Going well today. Looking for a close above 130p for a 10-month breakout. If not today then I am confident it will get there tomorrow.

Nice progress today, moving like a rocket, playing catch up !

Flash Note
5th January 2011
Analyst: Dr Michael Green
Northern Petroleum* Impressive news flow: Strong Buy at 128p with a revised 167p target price

http://www.gecr.co.uk/file_download/89/GECR04_Northern_Petroleum_5thJan2011.pdf

136p uncrossing trade of 51,000 shares, 69,360 worth, very nice! highest price paid today, so someone really wanted the stock!

So much on the very long term chart, it might blow your mind!!

If it goes through 163.5p it should fly to 2, if it gets through 2 the sky is the limit ;) ;)

100% BUY
http://www.insidestocks.com/texpert.asp?sym=NOP.LS&code=BTTEN


Top 1% of the BUY strength and direction indiactors, 100% BUY
http://www.barchart.com/snapopinion/stocks/NOP.LS

As if NOP does not have enough bullishness surrounding it, with analyst rec's, technical indicators going ballistic etc, NOP now has BID SPECULATION to add to it!!

MARKET REPORT: Oil price sparks energy interest
By ELLIOT WILSON
Last updated at 10:35 PM on 5th January 2011

With the price of a barrel of oil again closing in on $100, market watchers are starting to imagine which UK-listed energy firms would look good on the auction block.

Northern Petroleum may be one of the first independents against the wall - a target for supermajors such as BP and Shell, or state-backed oil giants from India and China.

London-listed but with operations in Italy and Holland, Northern Petroleum said in December it had started production at a new Dutch oil field earlier than expected. Its stock has had a turbulent week, spiking and falling as investors seek consensus on its price. It closed up 16p at 136.00p, after rising 11p the day before.

http://www.dailymail.co.uk/money/article-1344474/MARKET-REPORT-Oil-price-sparks-energy-interest.html

Told ya! :)

Northern Petroleum PLC
Markwells Wood Update

06 January 2011

Northern Petroleum Plc

("Northern" or "the Company" (AIM: NOP))

Oil in Markwells Wood-1 Well Confirmed

Northern announces that assessment of the logs has confirmed that the entire
Great Oolite drilled reservoir sequence in Markwells Wood-1 is oil bearing
above the Horndean Field oil water contact of 4446 feet sub-sea level (TVD SS),
meeting the primary objective.

The presence of mobile ("live") oil was observed when the 30 feet of core was
extracted from the well. Initial analysis of the logs indicate the well, which
was deviated at an inclination of approximately 56 degrees through the Great
Oolite, penetrated a gross hydrocarbon bearing interval of 275 feet with a
calculated net reservoir of 192 feet with an average porosity of 13-14%, a
typical porosity value for this reservoir in the nearby fields in the same
formation. The top of the Great Oolite was encountered 51 feet low to prognosis
and the Great Oolite vertical thickness was 146 feet compared to a prognosis of
240 feet.

The analysis of the core is currently underway and that data will be integrated
with the petrophysical evaluation and image logs to design the testing
programmes.

Testing to establish pressures and flow rates in the existing wellbore will
take place when the required services and equipment have been contracted.
Testing operations will be conducted utilising a work-over rig at a lower day
rate cost. Analysis of the result will enable the determination of the oil
reserve potential and will be the basis for production planning.

Derek Musgrove, Managing Director of Northern, commented:

"The Markwells Wood-1 well has to date presented us with encouraging results.
An oil bearing sequence has been encountered in the target reservoir adjacent
to the producing Horndean oil field within its mapped structural closure.
Detailed analysis of the core and logs will provide information on reservoir
quality. Expected production rates will be derived from the future test
programme.

Success at Markwells Wood, helped by current oil prices, should enhance the
value of the other undeveloped discoveries and exploration prospects held under
licence by Northern in the UK."

Bit by bit,... the sp could go a long way....

Not wishing to piss on anyone's fireworks, but haven't they found quite a lot less than expected?

Good news the oil is there though.