looks like its hit oil, don't know whats gonna happen, any idea's ???

not to sure about hampshire have a look at this www.say-no.co.uk

Lets's hope the presentation on 1st March goes well.

Amities / slt . Ex Bristol based stockbrokers, Wills and co, whose extensive expertise was not so long ago concentrated in exclusively dealing with small IPO s listing on the OFEX facility have now attained a clearing house in Pershing Sec. and moved into the city of London, and now deal in all manner of stocks.However,thier specialist knowledge of micro/smallcaps is second to none; and consequently often have thier brains picked by bigger houses whose knowledge in any listed entity with a m/c below 250m stg is utterly lacking.l do it myself on occassion . :-)) ..My point merely being that they waxed lyrical about NOP at the 2.5/3p level in the autumn of 2003 and i suspect bought heavily ; but totally lost interest at 10p citing lack of impetus from the market and a lot of good news having already been factored into the s/p .Of that i am not quite so sure; and while i must agree it is painful watching NOP break through this 10p level without incessant aggresive selling l remain confident and am content to hold until at least drilling results from two back to back wells are made known .Junior oil companies constitutes 65% of my portfolio.And have paid remarkable dividends. ..What with April futures sitting pretty at $53 55c p/b ,supply tight, capacity running at 94.7%,high rotary rig count, continual interuption to supply and bottleneck in said production, and second strong quater demand anticipated ( again) oil is only going one way.China and lndias appetite is insatiable and coupled with oil delineation paves the way for small minnows such as NOP to break into the market. The prospect of a few hundred million barrels of unhedged sweet crude oil sitting on your doorstep it is not one to be ignored. NOP also have a fractional farm in agreement with Hardmans of Oz regarding a potential l blln field in coastal French Guiana in South America .But with Hardmans having such a diverse portfolio and up to thier eyes in coastal West Africa i would not imagine this prospect to be left on hold until 2006 at least. By then NOP may be in such a fiscal position to exercise this farm in arrangement with HNR ......a'bientot bonne chance , sois sages , @+ J

Isle of Wight County Press today reports that Northern Petroleum is applying for planning consent for a third borehole on the Island. The hole will be drilled in the event they strike oil in either of the two first holes. The site would be known as "Sandhills 3".

The paper also reports that Graham Heard, exploration manager for Northern, said he expected the rig to arrive in about a month.

Amities /What with rotary rig count at current levels(acc. to Baker-Hughes up 16.2% in the Americas and 10.1% in the rest of the world) there is a chronic shortage of avaialable rigs. Hence delays globally.. The statement from NOP can only be viewed with optimism and prudence should they make a strike.As if operating from strenth and with foresight.Prerequisite geologies supported by more than impressive seismic data more than suggests the presence of hydrocarbons ; and subsequently i have quite a few with a basket price of 4.25 and 6.25 and 8.25 ( the last buy being a little impetous) respectively.They seem to have a army of support at 9.5 ; but that illusive "price tag" of 10p+ is encountering strong resistance . l fully anticipate a drilling update reg. drilling inception to be the very impetus to take it convincingly through the 10p s/p ,and then wait some more for results The waiting game . ,,,,et...Alors !! qui sait ?. a'bientot @+ J

Amities/ What with todays RNS announcing NOP's succesful procurement of drill No. 28 with inception commencing a.s.a.p after April 21st which is the date pencilled in for the rigs arrival, i am both rather bemused, yet totally confused by todays selling.lt utterly defies basic logic. Why hold a stock to only sell when it is radidly approaching the exiting culmination of many years hard work ? This "back to back " twin project at Sandhills has the potential to be a real company maker. Even if but 50% of estimates prove realistic the price of low sulphur sweet crude sitting a tad in excess of $55 and Henry Hub gas prices riding high all makes for a hefty addition to NOPs coffers.What is more the oil is unhedged.Furthermore the basket price being attained by producers from refiners stands at $40 22c( sour crude from Middle East and Venezula) to $41-89c (for Brent) to $43-26c for WTI.Even more for the likes of "Lousianna sweet" At such prices NOP appears totally underated And what with other irons in the fire a re-rating is surely inevitable. As for today -l simply dont understand. Even the mms attempted to make a market today as opposed to holding this one in check. ,,,,Bonne nuit Bonne chance ...a/b ,,@+ J

TFC, Agreed

The selling over the last few weeks has been horrific. Unbelievable. Perhaps we could do with a warning of some sort to take us to 20p/share

Funny to see that both Hereward and Northern are "allowing" the drilling to be postponed. They should learn from JR Ewing!

It's the usual shit from NOP, anything but drill seems to be the word.





Prolly going to need it in the morning.

Do they know how to drill for oil,not water.

NORTHERN PETROLEUM PLC

INDEPENDENT SOUTH OF ENGLAND ASSET VALUATION

VALUATION ATTRIBUTES 51.6 MILLION TO NORTHERN PETROLEUM PROVEN AND PROBABLE
RESERVES IN ISLE OF WIGHT, HAMPSHIRE AND WEST SUSSEX

Northern Petroleum Plc ('Northern') announces that it has received an
independent evaluation of oil and gas properties in the Isle of Wight,
Hampshire and West Sussex, held under licence by the Northern Group of
companies, from Exploration Consultants Limited ('ECL').

The ECL report makes the judgement that previous drilling and testing of wells
in the area has proven the existence of three oilfields to which reserves, net
to Northern, have been attributed in the proven category as defined by The
Society of Petroleum Engineers and compliant with the UK Listing Authority
guidelines. A further seven discovered oilfields have been attributed reserves
in the probable and possible categories. All fields have undergone a full
reserves evaluation using standard industry techniques in the proven, probable
and possible categories as defined by The Society of Petroleum Engineers and
are summarised below.

Net Northern Reserves (Million barrels)

Reserve Category Wessex Channel Weald Total

Proven 0 1.27 1.27

Proven + Probable 6.64 3.6 10.24

Proven + Probable + Possible 28.7 26.5 55.2


Net Northern NPV10* ( Millions)

Reserve Category Wessex Channel Weald Total

Proven 0 4.65 4.65

Proven + Probable 35.7 15.9 51.6

Proven + Probable + Possible 151.2 122.2 273.4

*calculated using a discount rate of 10%

In addition, ECL has evaluated the prospective reserves (i.e. for defined
exploration prospects) and the contingent reserves applicable in the event of
higher recovery factors in oolite reservoirs, to be achieved mainly from the
successful implementation of multi-lateral drilling techniques. In part this
may be dependent on application of new technology.

Net Northern Additional Reserves (Million barrels)

Reserve Category Wessex Channel Weald Total

Contingent 9.7 5.5 15.2

Prospective 53.3 2.9 56.2

The value attributed to the combined contingent reserves on an unrisked basis
at NPV10 is 83million. On a risked and full cost development scenario basis
the prospective resources have been assigned a significant value.

The report does not cover all the leads and prospects that Northern is working
on, nor does its scope encompass Licences PEDL 151, PEDL 152, PEDL 089 (B),
P1153 (Blocks 98/7b & 98/8a) in the Wessex Channel Basin, PEDL 154 in the Weald
Basin and two licences held in Kent as work is currently in progress.

Derek Musgrove, Managing Director of Northern, stated, 'I believe that this is
the first time that we have been able to demonstrate the value resulting from
our extensive work and holdings in these two basins in the South of England. I
am delighted that an independent report so clearly demonstrates the under
appreciation of our assets in this region. Furthermore, this should not
distract from Northern's other assets in Italy, Spain, and Guyane.

Our drilling programme is shortly to commence with two wells on the Isle of
Wight in the Wessex-Channel Basin and we will move to obtain drilling locations
and planning consents in the Weald Basin once the May 5th 2005 election
activities have passed.'

Contacts:

Derek Musgrove, Managing Director

Northern Petroleum Plc

Tel. 020 7743 6080

Chris Roberts/Ben Simons

Hansard Communications

I shall wear my new Stetson with pride!

any idea of target price it was 0.31 a few months ago.

Dont know where you got the 31p from but Evolution, the house broker set a target price of 20p by end of 2005.

20p will doo nicely!

Does anyone know if rig 28 is on route yet?

Believe its still at Mattersey.

Now I'm told the rig is at Grimethorpe for about two weeks, what a waste of time! I decided to get out last week. Not complaining nice profit but would have been nice if the management had kept shareholders informed.

Now said by NOP Management to be going to arrive at IOW in late June - see RNS today.

No new news but at least there is some media coverage.

OIL HUNT TO BEGIN BY END OF MONTH
02 June 2005
The hunt for black gold at a site on the Island is stepping up a gear.

Northern Petroleum, the company behind the explorations, has announced that preparatory work using a small rig will begin next week at Porchfield, with a view to starting drilling by the end of June. The firm hopes it will confirm the presence of at least 6 million barrels of recoverable oil at both the sites it has planning permission to work at, the other being Bouldnor Copse. The rig heading to Porchfield was originally due to start drilling here in April but was diverted to another site on the mainland.

From solent.tv