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.

having held both EO and XEL when they dumped, i'm amazed i have never ever held this one - must be a lot of very sore heads

euhhh....yes...

Did you buy any mitzy. I held this stock until January. Never seemed to move for me.
So low now must move up. Good luck if you purchased.

KeywordCompanyEPIC/TIDMSEDOL/ISIN Print Wednesday 08 June, 2011Northern Petroleum PLC
Annual Report and Notice of Annual General Meeting

Embargoed for release: 1730 on 8 June 2011

Northern Petroleum Plc

("Northern" or the "Company")

Annual Report and Notice of Annual General Meeting

Northern is pleased to announce that the 2010 Annual Report, incorporating the
Notice of Annual General Meeting ("AGM"), is now available on the Company's
website (www.northpet.com) and will shortly be posted to shareholders.

The text of the AGM Notice is reproduced in full below:

NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be
held at Stationers' Hall, Ave Maria Lane, London, EC4M 7DD on 29 June 2011 at
10.30am for the following purposes:

To consider and, if thought fit, pass the following resolutions to be proposed
as Ordinary Resolutions:

1. To receive the report of the Directors and the audited accounts for the year
ended 31 December 2010.

2. To re-appoint KPMG Audit Plc as auditors and to authorise the Directors to
fix their remuneration.

3. To re-elect A N Brewer (who retires from office in accordance with Article
108 of the Company's Articles) as a Director of the Company.

4. To authorise the Directors, pursuant to and in accordance with section 551
of the Companies Act 2006 (the "Act") to exercise all powers of the Company to
allot ordinary shares in the capital of the Company and grant rights to
subscribe for or convert any security into ordinary shares up to a maximum
aggregate nominal value of 1,162,500 (being approximately 25% of the Company's
issued share capital as at the date of this notice), provided that such
authority shall expire at the conclusion of the next Annual General Meeting of
the Company, except that the Directors may, before such expiry, make offers or
agreements which would or might require ordinary shares to be allotted or
rights to be granted after such expiry and allot ordinary shares or grant
rights in pursuance of such offers or agreements.

To consider and, if thought fit, pass the following resolutions to be proposed
as Special Resolutions:

5. To authorise the Directors, pursuant to and in accordance with section 570
and 573 of the Act, to allot equity securities (as defined in section 560 of
the Act) for cash as if sub-section 561 of the Act did not apply to the
allotment of equity securities pursuant to the authority conferred on them
under section 551 of the Act up to the aggregate nominal value of 465,000
(being approximately 10% of the Company's issued share capital as at the date
of this notice), such power to expire on the earlier of the conclusion of the
next Annual General Meeting of the Company and 15 months after the date of the
resolution (but so as to enable the Company, before the expiry of such power,
to make offers or agreements which would or might require equity securities to
be allotted after such expiry and to enable them to allot equity securities for
cash pursuant to such offers or agreements as if the power conferred thereby
had not expired).

6. To authorise the Company, generally and unconditionally, to make market
purchases (within the meaning of section 693(4) of the Act) pursuant to and in
accordance with section 701 of the Act of fully paid ordinary shares in the
capital of the Company upon and subject to the following conditions but
otherwise unconditionally:

a. the maximum number of ordinary shares hereby authorised to be purchased is
4,650,000, which is approximately 5% of the ordinary share capital of the
Company as at the date of this notice;

b. the maximum price which may be paid for each such ordinary share shall be
an amount no more than 105% of the average of the middle market quotations
for an ordinary share as derived from the Alternative Investment Market of
the London Stock Exchange for the five business days immediately preceding
the day on which such ordinary share is contracted to be purchased
(excluding expenses) and the minimum price which may be paid for such
ordinary share shall be the nominal value of such ordinary share at the
time of such purchase (excluding expenses); and

c. unless previously varied, revoked or renewed, the authority conferred by
this resolution shall expire on the earlier of the date 15 months after the
passing of this resolution and at the conclusion of the next Annual General
Meeting of the Company after the date on which this resolution is passed,
provided that the Company may before such expiry date enter into a contract
to purchase ordinary shares under this authority which will or may be
completed or executed wholly or partly after the expiration of such
authority and may make a purchase of ordinary shares in pursuance of such
contract.

By order of the Board

C J Foss

Secretary

Registered Office:

2nd Floor, Martin House

5 Martin Lane

London

EC4R 0DP

Dated 7 June 2011

Notes:

1. A member of the Company entitled to attend and vote at the meeting convened
by this Notice may appoint a proxy to attend and vote on a poll in his stead. A
proxy need not be a member of the Company. A member may appoint more than one
proxy provided that such appointment is in respect of voting rights attaching
to different shares.

2. To be valid, the enclosed Form of Proxy must be completed and lodged
together with the Power of Attorney or any other authority (if any) under which
it is signed, or a notarially certified copy thereof, at the offices of the
Company's Registrars, Neville Registrars Limited, Neville House, 18 Laurel
Lane, Halesowen, West Midlands B63 3DA not less than forty eight hours before
the time appointed for holding the meeting.

3. Completion of the proxy does not preclude a member from attending and voting
at the meeting if they so wish.

4. The Company, pursuant to Regulation 41 of the Uncertificated Securities
Regulations 2001, hereby specifies that only those shareholders registered on
the Register of Members of the Company at 10.30am on 27 June 2011 shall be
entitled to attend or vote at the meeting in respect of shares registered in
their name at the time. Changes to entries on the relevant Register of Members
after this time shall be disregarded in determining the rights of any person to
attend or vote at the meeting, notwithstanding any provisions in any enactment,
the articles of association of the Company or other instrument to the contrary.

- Ends -

For further information please contact:

Northern Petroleum Plc Tel: +44 (0) 20 7469 2900

Chris Foss, Company Secretary

Cenkos Securities (NOMAD and Joint Broker)

Jon Fitzpatrick Tel: +44 (0) 20 7397 8900

Ken Fleming / Beth McKiernan Tel: +44 (0) 131 220 6939

Jefferies International (Joint Broker) Tel: +44(0) 20 7029 8000

Chris Snoxall

Financial Dynamics Tel: +44 (0) 20 7831 3113

Billy Clegg / Edward Westropp

Bishopsgate Communications Tel: +44 (0) 20 7562 3350

Nick Rome / Michael Kinirons

Notes to Editors:

Further information on Northern is available at www.northpet.com

Archives Newswires LON:NOPProactiveinvestors recommends

Northern Petroleum: many assets, strong focusLENI GAS & OIL: ADVANCING ITS OPERATIONS IN SPAIN, THE GULF OF MEXICO, TRINIDAD AND MALTAXtract Energys Kyrgyz JV gets approval to drill exploration wellAdditional Information
Market: AIM
Sector: Energy
EPIC: NOP
Latest Price: 80.25p (0.63% )
52-week High: 140.00p
52-week Low: 73.00p
Market Cap: 74.69M
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www.northpet.com
Northern Petroleum Plc is an oil and gas exploration, development and production company focused on the European Union and nearby areas. The Company is an operator of both onshore and offshore projects including a producing oilfield and boasts a management and technical team of the highest quality.
.Full Northern Petroleum profile here
Northern Petroleum undervalued, says Edison
11:28 am
Shares in oil and gas group Northern Petroleum suffered badly late last month after it cut reserve estimates for its Dutch assets but broker Edison believes the sell-off has been overdone and the shares are now undervalued Shares in oil and gas group Northern Petroleum(LON:NOP) suffered badly late last month after it cut reserve estimates for its Dutch assets but broker Edison believes the sell-off has been overdone and the shares are now undervalued.

Despite the cut in estimates Edison notes that production from Northerns Netherlands asset base has actually increased significantly in the last year. It adds that based on these assets alone, its core NAV of 126p continues to support value well above Northerns current share price.

The broker furthermore points to material upside potential from the groups Italian portfolio, where several key catalysts are expected near term across a range of high-impact prospects. The successful farm-outing of 15% of its Southern Adriatic prospects to Azimuth is a first step to accessing proven plus probable reserves of 53.2millions barrels.

Meanwhile, the Thrust and Fold Belt project offshore Sicily, containing potential multibillion barrels of oil is also moving forward, with partner Shell recently appointed to hold discussions with the Italian authorities ahead of potential drilling early 2012.

Elsewhere in Italy, Edison highlights the groups 40 billion cubic feet onshore methane gas prospect, which should spud later this year, and notes the company is also working towards drilling further prospects in the Sicily Channel.

Despite the groups recent woes in The Netherlands, Edison reckons it still has a solid production base there, with four new gas fields brought on stream in late 2009 and into 2010 and production increased significantly to 1,195 barrels of oil equivalent per day (boepd) in 2010 from 365boepd. That is providing the cashflow that underpins the exploration drive in Italy.

Despite the recent adjustment for The Netherlands, reserves remain significant at 29.6 million barrels of oil equivalent. Going forward, key potential share price catalysts for operations in The Netherlands include the expected drilling of Papekop-2 and Geesbrug-2 late 2011/early 2012.

The stock was trading at around 120p before the Dutch reserves downgrade took its toll. This morning the shares stood at 78.25p, down 2%.

Edison believes at current levels the stock is undervalued, pointing out that while core NAV, made up solely of Dutch assets, is 126p, the near-term Italian exploration programme, which excludes the major Sicily developments, suggests a Risked Exploration Net Asset Value (RENAV) of150p

Yes, all well and good, but the fall 27May was because the Company was found out. They had to admit their figures were inaccurate, - and so the Market must question "everything they say - from now on."
+ That Edison report was paid-for by NOP (DYOR), so it's possibly prone to putting a gloss on things - and I recall NOP telling the Market that their SP was worth almost double the current valuation and maybe even more . . . that seems to be their line, whatever News was out.

Now, I don't know; but I do care.
BUT - It seems that bringing in profits is "still" a long-way off - hence there is a tendency to Sell. rather than Buy - so MM's push the price lower.

If that "S.England site" doesn't come REALLY good, I suspect we could see 50p - and I recall that happened once before, when NOP was "found-out" (my words- DYOR) when the IoW site was found Dry. . . .. or close-enough not to be worth further work. Whilst there is Oil in the County, there is a risk their share has been "drained away" (my words) over the relatively long time that (now Star-site) has been operating. That production isn't great, but they've repaid their investment - Odd that no-one wanted to buy the NOP-site when it was suggested as a Sale, eh?
If it's Good, it will add little to the sp (but will do Management lots of Good).....but if Bad it will/could destroy their future IMHO - it's largely "trust" that makes investors believe in NOP-Management for as many years as we've endured....

Only when real-profits are IN, will shareholders see any divi - everything else is pure speculation, based on the Co Execs telling us what they think they believe is in the ground. That will only arise, IMHO when Italy (Po-valley), comes on-stream. Ar we seeing a time-scale of another Four Years, perhaps...

Bah!

Never trust NOP again as it gives false accounts

Mining and Resource Investor Evenings

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These events offer an unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also to put your questions to the people that matter. What is more, there are free drinks and canapés receptions where you can mingle with industry leaders and your fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people who make the market.

Tickets are completely free but places are strictly limited so register now.

NEXT EVENTS

LONDON

Date: Wednesday 10th October 2012

Venue: Novotel London Bridge,10 Pepys Street, London EC3N 2NR

Registration: 6.00pm

Presentations: 6.45pm followed by a drinks/canapés reception

REGISTER NOW FOR LONDON EVENT


Companies Presenting:



GREEN DRAGON GAS Plc



Green Dragon Gas Plc(GDG) is one of the largest independent companies involved in the production of CBM gas and the distribution and sale of wholesale gas in China.



NORTHERN PETROLEUM Plc








Northern Petroleum Plc (NOP) is an EU oil company that acquires low entry cost exploration, production and development assets and is committed to adding high value to shareholders from production and asset sales.


NOSTRA TERRA OIL & GAS COMPANY Plc



Nostra Terra Oil & Gas Company plc (NTOG) is a fast growing, AIM traded oil and gas producer with projects in Oklahoma, Colorado, Kansas and Texas. The USA is going through an oil and gas boom at present as new drilling and recovery techniques expose exciting new reserves out of established hydrocarbon basins and Nostra is well positioned to take advantage of this. The company is debt free, raised £2m over the summer and signed a Standby Equity Distribution Agreement for up to £10m, giving the company the opportunity to quickly pin down highly attractive acquisition opportunities. Matt Lofgran, CEO will be talking about their latest acquisition, new wells and other activity.

Matt Lofgran, CEO

Matt has wide experience of business development in the energy, real estate and communications sectors. Prior to becoming CEO of Nostra Terra in July 2009, he was with Robson Energy, LLC, latterly as Vice President of International Business Development. In this capacity, he launched the oil and gas, field services and coal divisions, and was responsible for extending Robson Energy's activities into Mexico. Mr Lofgran holds a Bachelor of Business Management.


More companies to be announced
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LEEDS

Date: Thursday 11th October 2012

Venue: Redmayne-Bentley, 9 Bond Court, Leeds LS1 2JZ

Registration: 6.00pm

Presentations: 6.45pm followed by a drinks/canapés reception

REGISTER NOW FOR LEEDS EVENT


Companies Presenting:

GETECH GROUP Plc





GETECH's (GTC) principal activities are producing, selling and marketing gravity and magnetic products, and providing gravity and magnetic services to the oil and mineral industry. The Group provides technical capabilities such as structural and geological interpretations to define basin geometry and history, defining source rock maturation history, petroleum systems identification and evaluation, and identification of tectonostratigraphic provinces, tectonic domains and hydrocarbon systems. GETECH has compiled one of the most extensive commercial libraries of gravity and magnetic data.

GREEN DRAGON GAS Plc









Green Dragon Gas Plc(GDG) is one of the largest independent companies involved in the production of CBM gas and the distribution and sale of wholesale gas in China.



NORTHERN PETROLEUM Plc








Northern Petroleum Plc (NOP) is an EU oil company that acquires low entry cost exploration, production and development assets and is committed to adding high value to shareholders from production and asset sales.


More companies to be announced

REGISTER NOW FOR LEEDS EVENT

NOP found a bit of oil today.

from where did you get that idea?
NOP own a big slab of the TLW duster - see that thread/RNS

Well, I said a wee bit...

The well is located offshore French Guiana. It encountered a total of 85 metres
of reservoir quality sands with oil shows in several objectives interpreted as
not being connected to the Zaedyus-1 discovery well. The future drilling of the
next three wells of this four well programme will target some of the greater
undrilled prospectivity in both the Cingulata fan system that contains the
Zaedyus oil discovery and at least one other major fan system in the licence.

sp down 13%.

you omitted this bit ......

but did not encounter commercial hydrocarbons at this location.

Hey...might be a good rebound here later....will have to watch..

you mean like a dud cheque?

Haha...the difficulty is the timing...worth keeping an eye on..

This sp has been a series of plateaux - where the sp wobbles about but it fixed in a visible range. (see graphs). From May 2012 they were "found-out" (my words) and the Market cut the sp - just recently it happened again as folks find it difficult to see what lies ahead.
The small bounce is in hope they really do get their game together . . . but I fear they are too keen to go slowly-slowly with the danger they go nowhere.
EDIT(19March2013):- DYOR- It seems NOPs almost given-up in Europe, subject to some BIG offer, so have looked to Albertas abandoned wells . . . & with higher prices these might yield using modern tech. As to the Cyprus and Italian sites - you'd think their Govmt would bend over for some International Revenue -/- or reduce their oil Imports . . . seems not...

WATCH: Northern Petroleum #NOP - The 61st Oilbarrel Conference Monday 7th October

http://www.brrmedia.co.uk/event/116794/keith-bush-chief-executive-officer

MIDAS SHARE TIPS: Shares in oil and gas explorer Northern Petroleum are cheap - and exciting projects are in place

By Joanne Hart, Financial Mail On Sunday

PUBLISHED: 22:03, 26 October 2013 | UPDATED: 08:53, 27 October 2013

Oil and gas explorer Northern Petroleum spent years over-promising and under-delivering. Duly punished by the stock market, the shares tumbled from almost 200p in July 2007 to just 31.5p today, but at this price, they are cheap.

The board has been completely rejigged, several exciting prospects are in place and news on these is expected before the end of the year, which should give the stock a lift. The group also has £28 million in the bank after new chief executive Keith Bush sold the firm’s Dutch assets this month.

Yet the company is valued on the market at just over £30 million, suggesting investors put almost no value on any of the other assets – a producing well in West Sussex, a large redevelopment site in Canada, an offshore prospect in Italy, a share in a big project in French Guiana and a shale oil licence in Australia.

Investor scepticism towards Northern stems from a series of disappointments in the past. Bush aims to change that.

Appointed chief operating officer last year, he became chief executive this summer. The board of ten has been cut to six, with only three from the old guard. The other three are Bush, finance director Nick Morgan and chairman Jon Murphy, appointed just a month ago. Further board changes are expected.

Murphy has more than 30 years’ experience in oil and gas and was a leading executive at Venture Production, a business that started out as a small private firm, floated at £180 million in 2002 and was sold to Centrica for £1.3 billion in 2009.

When Bush joined Northern, the main focus was on exploration off the coast of Italy and a small share in the French Guiana project. Both have plenty of potential, but the previous management was uncommunicative and shareholders lost interest.

Under Bush, the group is trying to keep investors more informed, particularly over Italy. Here, Northern is waiting for a signature from a government minister before being allowed to undertake seismic tests that should provide a much clearer picture of how much oil the site could produce.

Optimistic estimates range from 460 million to a billion barrels and Bush would almost certainly use a big partner to develop the area.

Meanwhile, he has bought drilling rights over 9,300 acres in Canada and 1.4 million acres in Australia. The Canadian assets could prove a canny purchase. Developed in the past, they were abandoned in the 1990s when oil prices fell. New technology and higher prices have made the site a lot more interesting, particularly as some infrastructure is already there.

Bush hopes to start drilling in the next few weeks and the area should be produce about 500 barrels of oil a day next year, rising to 1,000 the year after and beyond. Money from this should fund ongoing exploration in Italy and French Guiana, a project largely owned by Shell, Total and Tullow Oil. Northern has 1.4 per cent of the asset but the site is massive and could be highly lucrative.

Northern may also sell its West Sussex assets if the right offer comes along, further boosting its cash pile.

Midas verdict: Northern Petroleum is a relatively high-risk stock, but the potential rewards are enticing. Murphy and Bush are keen to make a success of the firm so bolder investors should buy while the stock is cheap

Read more: http://www.dailymail.co.uk/money/article-2477456/MIDAS-Shares-oil-gas-explorer-Northern-Petroleum-cheap.html#ixzz2iuk5vkt9
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