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.

an interesting read, but when you see the note above NOP was for HAWK with a target of 229 one does have considerable doubts as to the author's sanity, let alone anything else ...... mug-punter holders of HAWK would be ecstatic if sp even reached 22.9p!!

Not looked not HAWK yet, but saw a broker rec' on IG Index(last Wed or Thu) with something like 200%+ upside. This was not the same analyst, so there must be more than one less than sane analyst out there. Either that or they are both right ;)

Digital Look broker recs for HAWK, price and target

06-Jan-11 Daniel Stewart Buy 11.00p 45.00p - Reiteration
06-Dec-10 Daniel Stewart Buy 8.77p 45.00p - Reiteration
29-Nov-10 Westhouse Securities Buy 10.50p 88.00p 37.00p Reiteration
22-Nov-10 Daniel Stewart Buy 13.25p 45.00p - Reiteration
08-Nov-10 Daniel Stewart Buy 12.50p 45.00p - Reiteration
08-Nov-10 Goldman Sachs Buy 12.50p - 24.60p New Coverage

HAWK's shareholders list must resemble a charnel house ..... do yourself a favour and avoid

So the conservative estimate appears to be 350m worth of recoverable oil, because it could be up to 500m, according to 'some experts'.

"For a long time there had been suspension of oil lying below the Markhams Wood site. Some experts believe the reserve could worth be up to half a billion pounds."
http://www.presstv.ir/detail/159082.html

Ok, so who is up for an Italy drilling decision:

1) By end of January
2) In February
3) In March

And drill/no drill?

I am going for option 1 and drill, because the small print on the AGM presentation shows "Time and depth processing by December 2010" "exploration well 2011", then it says "Shell have paid all past costs and for the 2D and 3D seismic programme" then "Shell will pay for drilling and testing a well to earn an interest". We also know the decision was 'expected' in Q4 2010(so Shell were working to that time-line) and that Shell only have until end of Q1 2011 to decide.

So work it out, Shell have forked out a load of cash, spent a lot of time and money looking at these leads, they might have had their own delays but know they need to make this decision ASAP. They were going to decide in Q4 but got delayed, how big could that delay possibly be? if it was from the weather then maybe a few weeks, either way I doubt it will be much longer.

IMVHO they will drill as it is a huge resource, they have already spent a lot of cash and time on it so they have shown a huge interest in it, but if they don't drill they get nothing form this huge resource and they loose all the cash and time spent looking at it. No-brainer to say drill isn't it?


(Lead D is 720 mmbbls, lead E is 1032 mmbbls on 2D, could be higher after 3D or even joined together meaning only one well for 1752+ mmbbls)

Happy reading! Nice picture of MW1 at the bottom, taken in Jan 2011, so someone has been SPYING!!

http://www.soton.ac.uk/~imw/Oil-South-of-England.htm

This seems to be a small to medium oilfield rather like Singleton, but at an early stage of development. There has been several articles in the press regarding this in January 2011, at a time when the first borehole has been completed and the drilling rig removed. The notes below come mainly from press reports. The depth to the oil-water contact is similar and the reservoir, the Great Oolite, is the same. The first well has been drilled by Northern Petroleum. Live oil has been found in a cored portion of the reservoir. Apparently the mean potential is between 35 million barrels of oil in place and 61 million barrels of oil in place (compare to Singleton with 70 million barrels of oil in place). However full information is not available and a programme of testing for production is to take place. Whether this will be another Singleton type oilfield is not yet known, but the probability is good.

Because this well is in the South Downs National Park, there are environmental issues. At present, as shown by photographs included here it is very inconspicuous, and at the present (January 2011) there is just a square area of concrete or tarmac with a single well-head in the centre, and one or two huts. There is no direct public access from the road. However, if you go to the nearby village of West Mardon and walk westward through the woods on the footpaths you can probably find it within about an hour. You may need to ask local dog-walkers where it is, and (unless there is a drilling rig there) you will not see it until you are within about 100 or 200 yards. Unless some drilling or pumping is taking place you will not hear it either. To discover what it might be like from environmental point of view, when pumping oil, walk through South Down footpaths to near the Singleton well site. You will not find that conspicuous either. This website is mainly on geology and not seriously involved with the environmental pro and cons; that is for others to discuss. It is true, though, that the well-site is in a National Park and it takes up a small piece of forest and has an access gravel road; it is also true that it is very well-hidden and is no larger than an area of farm buildings (Might the small loss of forest be compensated for by enlarging some publicly accessible forest nearby?).

So the oil expert says MW1 has a high probability of being like Singleton. Just above the pictures are the details of singleton.

"The site, has at present six wells, including five beam pumps or pumpjacks (nodding donkeys) and a jet pump well. A few years ago the site was producing about 450 barrels of oil per day (2008), but the figure is now higher and at about 600 BOPD (Providence Oil Company). Planned expansion will increase production to between 850 to 1,000 barrels per day. Providence Energy will be increasing the one-hectare site by 0.3 hectares and installing four new jet pumps. Singleton Oilfield has been in operation since 1990 and has expanded several times over the past 18 year"

With gas achieving 0.30 per cubic metre(NL is 0.221 to 0.240) I would say it was time to the get the Po Valley moving. I have E-Mailed HQ to advise them of this.

http://www.proactiveinvestors.com/companies/news/11270/po-valley-energy-gas-production-up-69-in-second-half-2010-from-italian-fields-11270.html

cleared

cleared

please enlighten this gormless one!

cleared

Interesting that NOP just had a 911 trade.

http://stocktraderschat.com/tradingforum/general-discussion/1336-mm-signals.html

Anyone believe in coincidences? or history repeating itself? I ask because on looking back again at NOP RNS I see these.

22 January 2009 - Shell Farmout Completed

14th January 2010 - COMMENCEMENT OF OFFSHORE SICILY SEISMIC 3D SURVEY


If they stay consistent then we would get Sicily news this week or next week, at the latest the week after.

Food for thought!

Slight dip on profit taking today, but there is plenty of near term newsflow to get the SP through 140p towards next resistance of 160p.

Tullow spudding in Feb, not long to a spudding date announcement
MW1 testing to start soon, NOP may inform the market that the rig is on-site
Italy drilling decision is overdue, so could come in any time, even as I am posting this
More gas work in Netherlands, they not sitting on their hands there, for sure

Comment from the team at T1ps.com.

All news
Northern Petroleum - Markwells News
January 06, 2011

Northern Petroleum has announced positive news on Markwells Wood. This is clearly a commercial oil prospect. In itself it adds little to NAV ( maybe 3-4p per share). But it shows the potential on its other UK acreage which we know is for sale. I reckon that the price has just gone up from 10 million to 12.5 million and any such disposal, following on from the great news in Holland and Italy in December should accelerate the re-rating. I reject peer group based valuations of 165p - my own s-o-t-p valuation remains at c350p per share - and we own shares in the SF t1ps Growth Fund and continue to buy more

Tom Winnifrith

http://www.jpjshare.com/content/news/11-01-06/Northern_Petroleum_-_Markwells_News.aspx

As a LT holdr this "find" is good news, the cash will come in handy and any Euro Authorities can come and see what a good job they've done + local support, etc.
The only concern I have is the totals banded about. The Avingdon site has produced oil for 20+ years(?) and presumably they drain oil from the surrounding area....so isn't this just "another" tapping...? It doesn't stop NOP making money (Yippee!), but it is a sideshow IMHO to their Continental prospects. SP down a tad today, but will rise when the Ital. Auth. can agree on something....I think it's only a matter of "time" - This find will help the coffers meanwhile.
TA I think you suggested it adds to the potential UK site sale-values, yes I agree it confirms NOP can do the job themselves if the price isn't "right".

BTW, if anyone wants to find it take a flask and sandwiches, you can go past the gate and miss it. The approach photo is only visible after a walk and several twists in a nothing-special track protected by substantial gates. Yes, I've been there 2008. Most impressive environmental attention arround the site. (no comparison, so dunno what to expect). However, I was impressed and suspect locals would be also. I don't think going-there will teach you anything investment-wise... and the site is out-of-bounds.
However, it's good to see an AIM company doing what it says it will. Good-luck.

Just found a bit more research on the Zaedyus play that Tullow are drilling in Feb.

"The Zeadyus well that will be drilled by Shell with Tullow/Total in French Guiana (Feb) is a deep water well. Shell exercised their option from Tullow to become operator of that well. All three targets have very similiar seisemic charateristics to the Jubilee field in West Africa (Jaguar, Eagle & Zaedyus). Very similiar fan plays and Zaedyus is almost identical according to Tullow."

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=OYL&t=LIST&m=29041651&l=0&pd=0&r=0


So the calculations I posed on 4th Jan are therefore further validated by the above.

"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."

hangon, it might not be connected to the sites any more, in which case it will not have been depleted and flow rate will be like the others had when they were first producing.

There is also the possibility that NOP hit a sweet spot at a fracture and get really good flow rates.

NOP need to get on with the testing and let the market know.

NOP did say that if they didn't get a good price for the UK assets they would keep developing them, in which case this well is just as important to revenues as it is to a potential sale of the assets.

Someone has Tullow down for drilling Zaedyus in Jan. They posted this yesterday.

http://www.stockopedia.co.uk/content/tullow-2011-drilling-program-and-results-52284/