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.

New deal analysis, click here

http://moneyam.uk-wire.com/cgi-bin/articles/20090415153139M0234.html

Seems to have been taken very positively.

SP moving up strongly on a down day.

Winnie as just given his take on the stock across the road.....

Tom Winnifrith


Reged: 06/03/07
Posts: 765
Re: Northern Petroleum []
#443461 - 16/04/09 07:06 AM Edit Reply Quote



first tipped this at 13.75p. should i be posting this in the Tom's disasters thread?

At 111.5p still only valued at less than 90m (post ATI deal). More than a third of that is cash. It is profitable. We know Dutch assets worth at least 90m after Dyas deal (my valuation is actually far higher). What is Italy worth? Well if one of the farm ins comes in then my 45m base case valuation will look very tame indeed. Then there is the UK...

IMHO still very cheap

Tom Winnifrith
www.t1ps.com

PS NOP is a RSH corporate client and the t1ps fund owns stacks of Northern shares.

Another pro putting his weight behind this one.

Zak Mir pro TAer posted this earlier this morning..


Zak Mir



Reged: 28/06/07
Posts: 750
Re: Northern Petroleum ]
#443469 - 16/04/09 08:21 AM Edit Reply Quote



Above Jan resistance / April support at 88p there is a line of July 2008 resistance projecting a 150p target. Any dips towards 100p look like good buy opportunities, especially with golden moving average crosses between the 10,20,50 day lines over the past few weeks.

CATEGORY: SMALL CAPS NEWS SECTOR: OIL & GAS PRODUCERS
Higher prices lift revenue at Northern Petroleum
Fri 17 Apr 2009

LONDON (SHARECAST) - Last years strong energy prices boosted revenue from Northern Petroleums Waalwijk and P12 gas fields by 11%, the high-flying oil and gas group said today.

The fields contributed revenues of about 6m, up from 5.4m in 2007, with oil revenues at Horndean up to $600,000 from $450,000

Net attributable production dipped to 0.12 million barrels of oil equivalent (boe) from 0.16 million boe the year before, most of which came from the Waalwijk and P12 gas fields.

They came in with a combined total of about 0.66 billion cubic feet (bcf) of gas versus 0.88 bcf in 2007. Production at the Horndean oil field was 2.7% lower at 6,564 barrels for the year.

Northern says it had about 34.9m net cash as at 31 December 2008, much of which is held in euros, providing a natural hedge for the firms ongoing capital expenditure programme. Theres also 8.5m of deferred consideration to come.

"2008 has been another year of significant financial and operational progress, said finance chief Chris Foss. Consequently we stand well positioned to deliver on our primary near term objective of bringing our Dutch developments onstream, whilst looking forward with anticipation to exploration success.

In a separate statement, the company said post hydraulic reservoir fracturing flow testing has been completed on the Ottoland 1 side track during. The well flowed oil and water at improved rates to the July 2007 tests, proving the fracturing programme to be a success.

Full year results are due mid-May.

A rather bullish write up by the t1ps stable yesterday evening, 400p target.

Featured Stock: Northern Petroleum* (NOP)

Tom Winnifrith writes:

We first tipped Northern on t1ps at 13.75p. The t1ps fund started buying in at 60-80p a few months ago and added again aggressivly at 100p the other day. So we are believers. At today's 123.5p the company is valued at c90 million following the all-share buyout of plus listed ATI. Cash and equivalents are worth c35 million. Dutch assets (based on direct trade sale comparables) are worthat least 90 million but recent drilling success suggests 120 million would be cautious. Italian assets could be worth as much again. Northern is profitable and my stance is buy at up to 175p with a target of 400p.Buy.

Zak Mir writes:

Sharecrazy.com community board followers will have read my charting views on Northern a couple of days ago, but it is worth going through the technicals one more time. This is particularly so given the April test for support at former post November resistance of 88p a traditional buy signal. The position now is that while above the green 10 day moving average at 103p on an end of day close stop loss basis one would expect the 3 month target here to be as high as the October rising trend channel at 160p

Embargoed for release: 1030 on 21 April 2009

Northern Petroleum Plc

("Northern" or the "Group")

Two Well Netherlands Drilling Programme Commences

Northern announces that its wholly owned subsidiary Northern Petroleum Nederland B.V ("NPN") has
commenced drilling operations on the exploration well Nieuwendijk-1 in the Andel III licence at
2300 on 20 April 2009 using a newly fabricated rig owned and operated by the Northern Dutch
Drilling Company located in Drachten, The Netherlands.

The prospect is close to the Ottoland field. It has a mean estimated size of 56 million barrels of
oil in place. Upon completion the activities will move to the Tiendeveen site in the Drenthe III
licence in the east of The Netherlands.

Licence and working interests:

NPN: 45%
EBN: 40%
Dyas: B.V. 15%

Post drilling NPN's interests in the Nieuwendijk and Tiendeveen wells will be 22.5%.

In accordance with the AIM Rules - Guidance for Mining and Oil & Gas Companies, the information
contained in this announcement has been reviewed and signed off by the Exploration and Technical
Director of Northern, Mr Graham Heard CGeol FGS, who has over 30 years experience as a petroleum
geologist.

For further information please contact:

Northern Petroleum Plc Tel: +44 (0) 20 7469 2900
Chris Foss, Finance Director
Graham Heard, Exploration & Technical Director

Investec (NOMAD and Financial Adviser) Tel: +44 (0) 20 7597 5000
Michael Ansell / Patrick Robb

Blue Oar (Joint Broker) Tel: +44 (0) 20 7448 4400
Jerry Keen / Toby Gibbs

Jefferies International (Joint Broker) Tel: +44 (0) 20 7029 8000
Chris Snoxall / Schuyler Evans

Bishopsgate Communications (Press) Tel: +44 (0) 20 7562 3350
Nick Rome / Michael Kinirons

Buchanan Communications (Analysts) Tel: +44 (0) 20 7466 5000
Tim Thompson / Ben Romney

For further information on the Group and its activities please refer to the website at

www.northpet.com

NOP has gone down 30% over past couple of weeks

is this another u got wrong as its going up again?

this is now even higher since that muppet hy leo posted that it had recent fall.......the trick is to estimate BEFOEHAND whether a share goes up or down. as always this is another gonzo ala hyleo got wrong.

apologoies to gonzo the muppet

over 130p now.......another hyleo short burning after he probably did this at sub 100p

We might be on the verge of a breakout....I can see the rising trend possibly about to jump upwards sharply...

poor old hyleo

Sp about to jump higher....the trend is there and this has a tendancy to stumble and then rocket sharply....

This is like a recoiled spring....about to fly....

hyleo shorts are burning on this one at under a quid......ouch

It's a good one...more to come...

will hileo have any shorts to burn by then? lol.....poor sod will need to buy back and lose a fortune.....double whammy

He's bound to have closed a lot of shorts by now, in bad times that's the only thing to do...never tried it yet myself but will do one day.

hyleo is still shorting shares......well he types in only occasionally now but still shorting........he came onto NOP when it went under a quid