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.

now that's a good name for HMRC, for they seem very keen on taking large samples from me each year

Guyana drill April, not Q1 but early Q2.

http://www.caribbeanpressreleases.com/articles/8013/1/Guyana-Oil-and-gas-industry-prospects-still-high--President-Jagdeo/Page1.html

sp has not moved since you bailed out, so are you now implying that you have bought back in?

Dunno why sic-nic is posting on here, he knows I have him squelched as I don't need to read his drivel.

wonderful ...... fame as squelched by someone at last, even if it is only TossA ..... and of course, if i am squelched, how does TossA know my post was even directed towards him?

1 more post I don't see, from the filtered muppets beavis and butthead I guess LOL!

TopAnalyst, why is the share price of NOP so low compared to their P2 reserve figure ? Even Tempus has pointed out that they trade at only $1.50 bbl.
Using the companies figures 92 million shares in issue with P2 reserve figure of 102m boe, net debt is around 15m. Based on those figures the shareprice should be alot higher.
Thanks in advance.

robnickson, share is unloved!

Two brokers moved to hold from buy recently. Some have targets of 186p so there will be a lot of selling above 150p, a big limiter to near-term upside. You can see the broker rec's on Digital Look, free to register.

I sold out and moved the cash to EOG as the risk is much lower. The EOG MCap is much lower and has a very good chance of being a 10-bagger within 18 months. NOP could only really be a 5-bagger and they are also far more risky too. Pays yer money and takes yer choice ;)

Thanks for the quick reply, i used to have EOG shares but sold out. NOP had a sudden shareprice upswing today.
Good luck with EOG.

rob - a rhetorical question really .... forget all this crap about "baggers" ..... in hard cash, would you risk the same amount in an amoeba company as you would in properly established one in the same field? .... personally, i would not

whether or not EOG is a sure-fire winner as TossA consistently insists, is still very much open to question ..... it happens that i have a small investment in EOG as i think it's very high risk, but an awful lot more in the likes of PMO and TLW

cynic, so your opinion is that the management at NOP is poor ? Dont have the big guys PMO or TLW in my portfolio but the smaller oilies are doing just fine, XEL, NPE, EO, and still waiting for PTR to takeoff !!!

that wasn't the point of my post ..... the point was related to the amount of CASH that i would put into a given quality of stock - e.g. not much into EOG (very high risk), rather more into EO when i held it, and loads more into PMO and TLW

i don't go in for this macho posturing of "x stock was a 10-bagger for me" ..... i am happy to make a profit and prudently bank from time time, or even cut losses .... i neither profess nor pretend to expertise in any field, but merely pick and choose, often based on momentum and paying attention to at least a few posters on this BB ..... for sure i've picked some stinkers or got the timing completely arse over tit, but certainly overall for the last couple of years, i have made (BANKED!) some sizeable contributions to my bank manager

OK, well done. If it makes you money Go For It !
Now then off to read the Naked Trader by Robbie Burns.

Should it be moving up soon?

It's been rather static recently - Any thoughts?

Today might be a disastrous day for NOP.

oops! indeed - take xel last upgrade rns and it tanked - nop have reduced! however see some opportunities for an interesting day ahead here unless you are unfortunate to be in already before this not good at all rns

gl

exit doors already spinning

70p on the line

As I predicted, 74p now and looking gloomy.

Looks like NOP has been mining more water than oil from the rns.