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.

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.

It is good. Especially as the rise ofthe last two days was not based on expectation of this news, it was on the Time 'tip for 2011' and t1ps.com 'buy to 145p with a 350p target', probably a few buying because of yesterdays G&CR upgraded buy note with a higher target price, others buying because of the Golden Cross and 10-month breakout. So after the initial dust of automated limit buys/sells settles, we should see the bulls go for a run again.

ptholden, and what exactly do you base that on? they have not announced how much they have found because they don't know yet, so how can you possibly know??

The important bit is "the entire Great Oolite drilled reservoir sequence in Markwells Wood-1 is oil bearing"

Top...you should start your own thread for NOP and get some graphs on and up date the header as this is old at 2006 and out of date and you do put a lot of time in.

I'd base my comment on the RNS.

Hint, 'prognosis', although I may have misunderstood, hence the question.

SP isnt exactly galloping away.

markymar, good idea, might do that ;)

ptholden, give the buyers a chance, most of them are on their way to work. There is no indication of the amount of oil in the field.

The bit you are referring to is a red herring "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.", because "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", I am no scientist but even I know that 192 feet of oil does not fit in a 146 feet hole!

Drills prepare to move in as firm strikes oil

Published Date:
06 January 2011
By Adam Kula

A firm is to drill underneath a tiny village after striking oil.

Northern Petroleum believes there may be half a million dollars' worth of oil at Forestside in West Sussex, around one mile east of Rowland's Castle.

It estimates up to six million barrels of exploitable crude oil is there for the taking - worth around $90 per barrel at today's prices. That works out at half a billion dollars' worth - equal to around 346m.

Northern has long suspected there was oil lying under the site and will now carry out more tests to discover whether the deposit is as big as it believes.

Derek Musgrove, managing director of Northern, said: 'It's encouraging. The good thing is we've managed to drill it without great impact on the local community.

'I think you'll find most people have not found it inconvenient. These days any industry that makes a profit locally is good.'

But he said the knock-on effect for the area would be small.

'If we put in a trench we're probably going to use local contractors, or if we need nightwatchmen we'll use local contractors,' he said.

Mr Musgrove said the firm would put a Texas-style 'nodding donkey' pump on site shortly.

But he said disruption to the area would be 'about zero'.

He plans to move the oil either by lorry or by an underground pipe connected to Northern's existing Horndean site, where it has been extracting oil for two decades.

Sandy Parker, 59, is a resident of the village, and secretary of the Forestside Social Club.

She said: 'We should have bought shares. It might actually be under my house because the drill curves under the ground.

'I'm just glad for them. They've put a lot of effort into it.'

Northern is also set to begin drilling at its Havant site later this year in search of oil. It wanted to drill under Leigh Park last year, but held off to concentrate on work at the Forestside site.
http://www.portsmouth.co.uk/newshome/Drills-prepare-to-move-in.6681123.jp

A red herring?

You can't be serious.

Obviously like me, you don't have the technical knowledge to make a judgement.

ptholden, well the experts agree with me not you.

Markwells Wood delivers the goods
AIM-listed Northern Petroleum today confirmed an oil find at the Markwells Wood-1 well, drilled in West Sussex in the UK's onshore play.
Upstream staff 06 January 2011 08:38 GMT
The company originally flagged up the find last month, but today said the entire Great Oolite drilled reservoir sequence was oil-bearing.

http://www.upstreamonline.com/live/article240768.ece

And clearly nobody else can make a judgement as I stated before, not me, not you, not even NOP!!

"Tests are still being carried out to determine the discoverys reserve potential."