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

Here's a small item from the local paper:

http://www.iwcp.co.uk/ViewArticle2.aspx?SectionID=1252&ArticleID=1048451

Niels thanks for that little snippet of positive news. It's good to hear a confirmed sighting of work starting.

You are welcome :) Actually I live within a mile of the site and will report on future developments.

Surprised that no one has posted this from yesterday. I have held these from 4p and will continue to hold as long term NOP will reward me many many times over.
Di

For immediate release: 14 June 2005

Northern Petroleum Plc

('Northern' or 'the Company')

Agreements with Nederlandse Aardolie Maatschappij B.V. to acquire up to
eight oil & gas discoveries in the Netherlands

Northern Petroleum Plc's wholly owned Netherlands subsidiary, NP Netherlands
B.V. ('NPN'), and Nederlandse Aardolie Maatschappij B.V. ('NAM'), a company
jointly owned by Shell and ExxonMobil, have entered agreements (the
'Agreements') involving cooperation onshore Netherlands concerning eight
discoveries and seven exploration prospects.

Under the Agreements, an initial package of up to eight undeveloped oil and gas
discoveries will, following NPN's exercise of an option ('the Option'), be
transferred to NPN who will immediately assume operating responsibility after
receipt of government approvals. NPN will develop the discoveries and receive
100% pay-back of its cost plus an uplift of 30%, thereafter splitting all
future profits equally with NAM.

Six of the discoveries have suspended wells that were successfully tested. The
gross in-place volumes are currently estimated at 170 billion cubic feet of gas
(53 bcf net to NPN) and 41 million barrels of oil (12.4million barrels net to
NPN)

The Agreements further provide for NPN to acquire 50% of NAM's interests in a
number of additional onshore exploration areas where NAM has identified gas
prospects. Gross in-place volumes of gas have been estimated at between 0.8 and
1.2 trillion cubic feet, in a total area equivalent to seven UK North Sea
Blocks. This is 340bcf to 520bcf net to NPN, allowing for partners, other than
NAM, where applicable. NPN will have the right to earn these interests by
drilling and covering the combined NAM and NPN expenses of up to seven
exploration wells, of which NPN has already committed to one, and will be
obligated to an additional two upon exercise of the Option. The Agreement
provides for NPN to recover all dry hole costs out of the pre-tax revenues from
future discoveries and share the profits from the jointly held stakes with NAM
on an equal basis.

Northern welcomes the opportunity to gain a valuable portfolio of discoveries
which we would intend to develop quickly together with access to significant
exploration potential in what would represent a major new core area for
Northern in another EU nation.

The Agreements are subject to normal Government consents save for the already
committed exploration well scheduled for 2006.

Derek Musgrove, Managing Director of Northern stated, 'Northern has moved to
add a major new core area to its business as a low-cost operator and explorer.
The fact that these NAM discoveries are potentially ready for development, with
wells in place is of great importance to us. Northern's proven and probable
reserves will then increase and the recognised need for production cash-flow
may be achieved earlier and with significant cost savings.

We have an outline plan in place for the development of these assets and
greatly look forward to working with the Netherlands authorities and people to
develop our joint venture projects with NAM over the coming years. Like other
Northern areas of operation, the onshore of the Netherlands is environmentally
sensitive with special local concerns. We will be working together with all
stakeholders to build both a profitable and environmentally friendly oil and
gas business, not always at the smaller end of the industry.'

For further information please contact:

Derek Musgrove, Managing Director
Northern Petroleum
Tel. 020 7743 6080

Ben Simons/Chris Roberts
Hansard Communications
Tel. 020 7245 1100

A post from the other side from Skidaddle and typical of the sorts of things being said on there:
#
'Correct me if I am wrong, but I seem to recall that 6000cuft of gas is equivalent to 1 barrel of oil.

That would mean that 53billion cuft would be equivalent to 9million barrels of oil(near as damn it).

12.4 +9= 21.4 million barrels of oil, net to NOP.

If you only valued each barrel at 1.5 that would come to virtually the current total value of the company as it now stands(circa 12.75p mid).

Forget about UK, Spain, Italy and cash in the bank............oh and Guyanne.'

Embargoed: 12.00hrs 16 June 2005

NORTHERN PETROLEUM PLC

('The Company')

Northern Petroleum Plc announce that the augering operation was completed at
the Sandhills-2 appraisal site as planned. The 14-inch conductor casing was run
to 67.5 feet below ground level in anticipation of the arrival of the BDF #28
drilling rig.

Once the drilling operations have begun it is planned that progress reports
will be issued at 09.30 hours each Wednesday. Should anything significant and
material occur a release will be made in accordance with AIM Regulations.

Joint venture partners are:

Northern Petroleum (GB) Ltd 57.5 %

Magellan Petroleum (N.T.) Pty Ltd 22.5%

Montrose Industries Ltd 5 %

Black Rock Resources (UK) Ltd 5%

Oil Quest Resources Plc 7.5%

Oil and Gas Investments Ltd 2.5%

If you require any further information please contact:

Chris Roberts

Hansard Communications

020 7245 1100

Derek Musgrove

Northern Petroleum Plc

020 7743 6080

Yep, that's true. I visited the site, all neat and ready for the rig.

http://82.109.68.220/Sandhills 2.jpg

Sandhills 2 site

http://82.109.68.220/Rock and Roll.jpg

This is for real.

http://82.109.68.220/Conductor Casing.jpg

Conductor casing in place.

Thanks for the pictures Niels....NOP is another share that my patience is beginning to show great profit. I have been in NOP since 4p. I really don't think 1 plus is impossible.
:-)

Niels Hi,

Thanks for the pics :)

Can I ask what your part is in all this ?

You can send me a private message if you like, or e-mail me via my website

http://www.stanelco.devisland.net

Cheers,
PM

Dynamite,

Yes, 1 would be good. I am hoping it'll go over 50p this year.

Paul,

Well, my part is that I took the pictures. :)
I'll be posting pictures of the rig when it goes up.

Niels.

Niels Hi,

Nice job :)

Cheers,
Paul

Thanks Paul. It's strange to see the price fall. The people selling cannot have done their homework, or maybe they're just taking short sighted profits. Wonder what the reason for the new placing is...

Neils Hi,

It's not a placing, it's an excersise of warrants, someone is converting existing warrants into shares :)

When the drilling starts, I think the price will move up with each wednesday update, maybe in anticipation, and 'blue sky', but up it will go, and the Golden Cross will form over the next few days, and that will be the trigger for technical traders to buy in, looking for 'typical Golden Cross' gains of 150%, they don't buy until the 50 MA crosses the 200 MA, which you can see in the chart below, is only, as I said, days away :)

Any idea on the date the drill is expected, other than 'before the end of the month' ?

NOP tipped as a buy by Simon Cawkwell aka 'Evil Knievel' !!!!

http://www.iii.co.uk/go?c=cfsy4m

Cheers,
PM

Paul,

Unfortunately I don't have any firm dates, but I'll know the moment the rig arrives, because it's only a mile away from my place.

Niels.

Niels Hi,

Nice !

Cheers,
PM

Hi All,

Take a look at the chart !!!!

Post 139 above !!!!

GOLDEN CROSS WILL HAPPEN ANY DAY NOW !!!!

Then .... up we go BIG TIME, as those waiting for the Golden Cross confirmation buy in :)

Also a lot of my coleauges are getting in, as the word on NOP being a 50p share, is travelling fast :)

Cheers,
PM

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