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.

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
1 year chart

1 day chart


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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

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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

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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.

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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.


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LEEDS

Date: Thursday 11th October 2012

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

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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.


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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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City broker Westhouse Securities today upgraded its view on recently revamped Northern Petroleum (LON:NOP), with its lukewarm ‘add’ recommendation improving to ‘buy’.

Westhouse’s target price of 120p represents substantial upside from the current market price of 33p per share.

The upgrade follows changes in management, the sale of the group’s Dutch assets, and the prioritisation of a ‘proof of concept’ project in Canada.

And the broker pointed to a farm out of the group’s Italian assets, and drilling operations in Canada as key value catalysts for the AIM quoted explorer.

The plan in Canada is to drill and test three wells, which could allow for field development planning in the first quarter of next year. It has a 50% chance of success, according to Westhouse, which also says the project is initially worth 6p per share.

Northern’s Italian exploration projects, meanwhile, have the potential for 89p per share of upside, according to the broker.

“NOP’s Italian portfolio offers exposure to appraisal (Rovesti, Giove) and high-risk-high-return exploration (Cygnus) with value crystallisation opportunities first through potential farm-out and then through drilling results.”

Cygnus, estimated at between 410mln to 790mln barrels, is the “jewel in the crown”, analyst Jamal Orazbayeva said in a note.

Jan 2014 . . . . and the sp continues to fall away . . . . with renewed prospects in Italy subject to delays by the Ministry and others? it's not looking good for LT holders.
At 31p this is near the all-time low some years ago and since then, Management has been richly rewarded. New shareholders even as recently as 2011 were humping the sp to £1.40 as the company praised its expertise and shareholder-value.
Well, (no pun intended!), that was then- and now- Who knows?
Canada - possibly worth 6p (see earlier Broker Note), but with 50% risk it could lop off 10p IMHO.
Markets don't like successive failures!

LISTEN: Northern Petroleum (NOP) - Canadian operational update

Click the link below to listen
http://www.brrmedia.co.uk/event/122856/keith-bush-chief-executive-officer

Courtesy of Curry on afn.



CURRYPASTY
11 Feb'15 - 08:26 - 885 of 885 0 0


"I have already explained in my Bearcast why Keith Bush, the CEO of AIM casino POS Northern Petroleum (NOP) should be taken out and strung up with piano wire for the contempt with which he has treated the owners of this company where he has been rewarded for abject failure. But today’s RNS requires further comment as it is a classic in omnishambles obfuscation. "

tom winifrith on shareprofits
http://www.shareprophets.com/views/10533/northern-petroleum-what-a-total-fucking-omnishambles-of-an-rns