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

ST

It's getting better by the hour. Might hit a bit of resistance breaking through 1 but if we do break it then 145 here we come. Are you back at work yet?

LOL
MS

Mickey,

I think you need to check today's SP graph - the good news has already happened! NOP hit 103p in early morning trade, and currently is 99.75p to buy. I agree it would be nice to see the price consolidate over 100p. The graph offers some grounds for optimism . . .

Can't believe the number of sales around 8:00 - 9:00 this morning, but I guess a lot of people put in sell orders overnight, taking profits from way back when it was at 34p or so.

Thanks for asking after my health - no, I'm not back at work yet. Have been off since June 2004, but the good news is that I have recently been diagnosed with a cortisol insufficiency and today have started taking steroids that should right the problem quite quickly.

As for work itself, I'm weighing up the possibility of leaving the office to do something else - will keep you posted!!

Consolidation above 100 would be great. Good luck ST, some steroids can cause weight gain but I'm sure you'll have checked that out. Wouldn't it be nice if NOP hit 10 and we could say "Sod the work". Oh we can dream.

LOL
MS

Clearly you have a much bigger position in NOP than I do - LOL. But NOP worth +/- 600 million? Why not, one day?

Currently at 99/101.

The price is coming off a bit now I just hope we don't lose the gains of today.

MS

Off 4p today. Precautiounary profit-taking, at a guess. I notice though that VOG and SBE have both bounced around late morning/midday. Wonder if the day-traders are switching tracks??

EK has sold all his holding.

MS

MS,

Sorry if I'm being thick, but who's EK?

There were a couple of big purchases today, 50,000 and 100,000 - might have entailed a bit of whipping and driving by the MM's to get hold of the necessary stock.

I'm hanging on, anyway! At least until Holland starts producing electricity and they do some successful E&P in Italy.

ST

Simon Cawkwell aka Evil Knievil. A notorious bear raider with a large following. When he buys/sells so do all his followers. He also holds long positions which is what he had with NOP. It is debatable if he along with his followers can influence prices. He posts his diaries on t1ps.com and was responsible for uncovering the Maxwell affaire. His books are well worth a read.

MS

Thanks MS - will look out for the books! Don't know how much EK sold but I'm thinking about the medium to longer term so am definitely not scared of him!!

ST

No don't be. He's made some howlers over the years and he's even questioned himself as to wether he's made the right decision. A very wealthy man and a gambler. He's shorted stocks that I'm in and it's gone against him. On the other hand he shorted Sanctuary from 50p down to 0.5p like wise Regal Petroleum. When he scores it's big time that's why he has such a large following. You're safe with this if you bought early. Those that bought at around 70/80 might well be looking to off load with the hope of buying back cheaper although I can't see it retracting back that far, but who knows.

LOL
MS

Guess what Mickey spot on i bought in June at 15p (75p) after consolidation and sold today at 95p.I wasn`t going to let my profits slip away again but am looking to get back in the future if i get a chance .
Good luck

Good call DB nice one, nothing wrong in taking profits that's what it's all about.

MS

Up 3p, lots of buyers about this morning.

Has anyone any thoughts as to where the share price is heading now? When can we expect this one to push through the 1 mark and head towards 1.50?

Today??????

LONDON (AFX) - Northern Petroleum PLC said proved and probable oil reserves estimates for five of its fields in the Netherlands have been upgraded to 11.6 mln stock tank barrels from 8 mln.

The 2P gas reserves were also increased to 364.9 bln standard cubic feet from 85 bln.

Out of the figure, 6.3 mln stb and 210 bscf were proved, according to an audit carried out by independent engineering consultancy group RPS Energy.

The report covered the Andel, Brakel, Geesbrug, Grolloo and Ottoland fields but does not include the Papekop discovery for which Northern has applied for a production license.

Derek Musgrove, the managing director, attributed the hike to better technology and the rise in commodity prices.

'Improvements in reserves have also come from the increase in commodity prices, which improve the economics and enable more reserves to be extracted profitably,' he said.





monicca.egoy@afxnews.com

I think it going to motor to 200p

Damn ! bad call on my part to sell last week,it doesn`t look like i will be getting chance to get back in.
Good luck Mickey and all you other holders.

yes oh yes...up 46% today :-)