looks like its hit oil, don't know whats gonna happen, any idea's ???

Hi All,

A nice rise today, more to come as people think about the possibility of 17 a share, with no current downside, as the Netherlands oil supports the price right up to 90p :)

UK-Analyst snippet tonight, usually gets buyers going the following morning, especially as they have mentioned the 300mm bbl target :)


"Northern Petroleum shares added 3.5p to 63.5p after the company revealed that drilling started at its Bouldnor Copse-1 well on the Isle of Wight on September 17th. The primary target is the Sherwood Sandstone where Northern is targeting an oil prospect independently evaluated by ECL as being of the size of up to 300 million barrels in place with the Great Oolite as a potential secondary objective. Oil Quest Resources* owns a 7.5% stake in the Isle of Wight license. Its shares rose 1.5p to 14.5p."


And EVO state the following ....

Our value of NOPs core value based on 2P reserves from Southern England and
the Netherlands and cash on the balance sheet drops from 144p to 90p/share.
Our core value does not include almost 10m barrels of reserves in the Papekop
field in the Netherlands, which is subject to licence approval.

Of course this core value does not include any risked EMV for the Bouldnor
Copse well, which is to be drilled once the rig has moved from Sandhills.
Bouldnor Copse has large potential but is inherently more risky as the structure
has not been drilled before. NOP indicate up to 300m barrels potential with a
70% interest which could be worth a staggering 17/share unrisked. Partner Oil
Quest suggests a more modest 55m barrels of P10 reserves for the Sherwood
Prospect at Bouldnor Copse, but even this level of reserve could be worth over
3/share unrisked net to NOP.

Our core plus risked EMV is 296p/share compared to 376p/share prior to the
Sandhills result.


Maybe there are a few big players out there ready to take a big chunk of a potential 20 bagger with little or no downside from bouldnor ????

Cheers,
PM

Please Paul, we all know this. I like your detailled research on SEO etc. but we really don't need any ramping here; so kindly take a hint....

Niels Hi,

Not ramping, simply highlighting the facts :)

If I'm proven wrong over the next few days and weeks, as drilling gets closer and closer to the target, feel free to say 'I told you so' :)

Cheers,
PM

The sort of chart you probably wouldn't want to argue about :)

200 MA steadily up for 3 years, every time the RSI hits the bottom, up it goes again, with the 50 M.A bouncing it's way up the 200 M.A .... luvvvvverly !

British Bulls Analysis

Northern Petroleum PLC
Daily Commentary

Our system posted a BUY CONFIRMED today. The previous SELL recommendation that was confirmed was made on 05.09.2005 (14) days ago, when the stock price was 78.5000. Since then NOP has fallen -19.11% .

Were you eager to go long? Well, without doubt, it was the right time to do so. The BUY signal was finally confirmed, and most probably you have called your broker and placed your long orders with no hesitation.

Don't worry if you have missed this buying opportunity. The market may now give you a second chance. You may still find good prices for buying in the next session.

Today a White Candlestick was formed. This represents normal buying pressure

Drilling update due this morning on the Copse-1 site

Wednesday 21 September 2005

Northern Petroleum Plc

Weekly Drilling Report

Bouldnor Copse-1- Isle of Wight

The Bouldnor Copse-1 exploratory well in PEDL 089(A) on the Isle of Wight has
reached a measured depth of 1435 feet at 0700 hours today and is drilling
ahead.

Should reach the target depth by the end of next week

Decided this was a worthwhile recovery stock after the dry well in early August so have joined this company.
Paul M: I keep bumping into you on various joint holdings and have a big stake in AEX as I move increasingly into oils. But I don't think I've seen you aboard my front runner CSB, would you care to have a look.
sd.

INTERIM RESULTS ARE JUST ANNOUNCED AT 12.29

OILQ partner up 13%. Is there a leak, and therefore good news ahead?

Wednesday 5 October 2005

Northern Petroleum Plc

Weekly Drilling Report

Bouldnor Copse-1- Isle of Wight

The Bouldnor Copse-1 exploratory well in PEDL 089(A) on the Isle of Wight has
reached a measured depth of 4773 feet at 0700 hours today and is drilling
ahead.

PEDL 089(A) partners are

Northern Petroleum (GB) Limited 70%

Wessex Exploration Limited 20%

Oil Quest Resources Plc 10%

For further information please contact

Northern Petroleum Plc

Derek Musgrove

Tel: 020 7743 6080

or

Hansard Communications

Chris Roberts/Ben Simons

Tel: 020 7245 1100

Niels Hi,

OILQ and BLR amongst others were tipped as buys, NOP was not.

Cheers,
PM

Niels Hi,

Here is part of one of the tips from 5th October ....

The Wessex-Channel Basin: The Sandhills Well on PEDL 098 on the Isle of Wight was pronounced non-commercial in early September 2005. The operator of that well, AIM listed Northern Petroleum subsequently moved its rig onto PEDL 089 (A) where Oil Quest has a 10% stake. Drilling of the Bouldnor Copse-2 well started on 17th September and will cost Oil Quest around 500,000 pounds. The target depth for an oil prospect in the Sherwood sandstone is 5,000 feet and the well is likely to hit target depth around October 10th with initial results due shortly thereafter. Independent consultants ECL believes that this prospect could contain 300 million barrels of oil of which 40% might be recoverable. In theory this would leave Oil Quest with a net reserve of 12 million barrels which - valued at 3 pounds per barrel in the ground - would be worth 36 million pounds or 82p per share to Oil Quest. But it is vital to stress that this is a high risk (perhaps 1 in 10) prospect. As such we value it at 8p on a risk weighted basis. If Bouldnor Copse-2 comes good, Oil Quest shares will rocket. If it does not, which is the far more likely outcome, then the shares will be marked down. But it is important to remember that this prospect represents less than one fifth of our valuation for Oil Quest.

Things like that keep NOP down, and OILQ goes up on the rest of the analysis.

Send me an e-mail if you want me to send you the whole story :)

stanelco@gmail.com

Cheers,
PM

Amities/ UTTER TOSH !! After witnessing weeks of heavy selling todays news is hardly surprising . Like all sensible percentage traders i was out when the s/p hit a totally unjustifiable 90p a few weeks ago .This was NOPs most ambitious project and as with all mining outfits failure brings disaster .Mr market goes a little erratic when a oil outfit strikes a mothball.....And now ABSOLUTE Freefall. Back to penny share status methinks @+ J .......Masterson you are the absolue limit . A "classic" p%$3k ....Your a dangerous man with your dogmatic and cavalier attitude . You will learn ONE day .......hopefully,,,,,,though doubtfully . You have as much acumen as a chocolate frog

UK smallcap opening - Northern Petroleum hit as Bouldnor Copse-1 abandoned
AFX


LONDON (AFX) - Northern Petroleum came under pressure and fell 12 pence to 44-1/2 - a 21.24 pct decline - after the explorer disclosed it has plugged and abandoned the Bouldnor Copse-1 exploration well in PEDL 089(A) on the Isle of Wight because it did not contain significant hydrocarbons.

Managing director Derek Musgrove admitted the implications for the Isle of Wight in the Wessex basin are very discouraging, but believes this does not

reflect adversely upon the mapped and evaluated prospects in the Weald basin,

scheduled for drilling in 2006.

Northern Petroleum has a 70 pct stake in PEDL 089(A), while Oil Quest Resources, 2 adrift at 16, sits on 10 pct.

What utter $&^%"* !, I am staying in NOP the same as the big boys, I don't see them pulling out.

same here MOM...Nop is a good long term bet...although I have to say like TFC I took big profits a while ago...now I have only free shares on a smaller ridethat will be very profitable eventually.
Di

Amities / Slt MOM ...thats the art ,,,,the big boys with all the clever money move out with stealth and cunning .Unfortunately they dont ring you up ....and more likely release an RNS whenever the mood takes them .... Not wishing to sound patronizing Dynamite ; but you did the right thing . Nice play. ...lm on a free ticket ride myself after selling of about 70% of my original stake. @+ J

Ascent buys stake in NOP. ( From Digital Look)

20/10/2005
Oil and gas explorer Ascent saw its shares receive a boost after it aquired a 50% interest in Northern Petroleum Exploration for a consideration of around 370,000 shares and cash from Gold Oil. ends.
What Now?????