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.

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

Tom Winifrith was tipping this for years! No good whining now. In fact they were ever present at his investor show from what I recall. I suppose they can battle on for a few more years on ftse 100 type wages. Good old AIM.

http://www.proactiveinvestors.co.uk/companies/market_reports/77285/oil-column-no-time-to-panic-as-northern-petroleum-takes-a-pause-0000.html

In freefall today.

a very unloved share at the moment, the trend must be the main reason, apart from the low oil price. maybe soon I will take a punt but not yet ready
3.5 million dump at 2.5p last Friday the 13th

RNS Number : 6445F

Northern Petroleum PLC

23 February 2015

Northern Petroleum Plc

("Northern Petroleum" or "the Company")

Holdings in Company

Northern Petroleum has been informed today that Majedie Asset Management Limited no longer holds any shares in the Company.

-Ends-

For further information please contact:

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

Keith Bush, Chief Executive Officer

Nick Morgan, Finance Director

Westhouse Securities Limited (Nomad and Joint Broker) Tel: +44 (0)20 7601 6100

Northern Petroleum - Onshore Italian permit farm out to Shell

click here

Northern Petroleum - Corporate update

Click here

"Moving the Deck-chairs"

RNS - Co. relocating its Registered Office to Brixton . . . maybe some saving, but I doubt it's the Answer to NOP's fall from favour.... these were touching 50p not that long ago - So full members of the 90% Club....
...Nice work with good pay for Directors...
Oh Dear.
EDIT (21May2015)- seems NOP has good aspirations and appear to be honest sorts - but Petroleum stocks are not looking good - However, the consolation is they are sell Canadian oil on a daily basis - so no need for a Cash-call yet-awhile . . . . we hope!
Oil is no-longer made, ( like Land ), so as we run-out folks will see the Greens for what they are - "Well-meaning" but the whole World wants Oil to burn short-term and that means a rising price - clever investors might buy Oil-Futures ( or Whatever), but I stick with UK-Stock and NOP seems to be pretty low, so have averaged-dn ( Yes I know that's dangerous!).
However.... Dir Bonus only kick-in (DYOR) at 15p, so I guess the upside is somewhat higher, maybe 25p . . . . so, today's 5p is looking rather unloved. Oil could take 2-3 years to recover but few Oilco's will be investing in new-drilling, so the known finds should increase in value as the spot-price hardens.
China / India and elsewhere are all wanting "More" and that probably means oil-based.,,,, er, FWIW.
Alternative views?
EDIT (1July2015)- Looks like Crystal Amber is banking on HUR delivering a good profit from N.Sea/Shetlands provided Oil remains above USD40/b.... and one wonders if NOP will do similar IF the Oil-price were to rise.... which surely it must with all the demands for Energy.
EDIT(2Dec2015)- Rights/Open Offer at 3p - yet sp is below that today. Oh dear.
EDIT(3Oct2016)- down 37% on what reads like reduced Losses ( maybe the word L-- caused it?). sp 1.81 . . . . Oh really? Doesn't look like we'll see any improvement, soon.

2015 AGM with the CEO Keith Bush: click here

Northern Petroleum - Italian environmental impact assessment approvals

click here

http://www.shareprophets.com/views/23890/exclusive-northern-petroleum-argentine-unit-heading-for-bankruptcy-court-when-was-it-going-to-tell-investors

Didnt know there was one.

MaxK - I scanned NOP's recent-RNS and can find no reference to Argentina - I know they had/have a small stake in the North of S-America ( alongside other World OilCo's)..... is this (re yr Link 20 Sept2016) why NOP sp has been so very low of late?

After the current (Dec16) 3.5p fundraising . . . will it become OK again, I wonder....?