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

The Daily Express reckons an announcement is imminent.
A good one, I hope.
Alan

Give us a clue ? Did the Daily Express say anymore ?

Dunno mate. I just read it in MAM's Thursday press round up on the Home page.
alan

Yes,,,good news in the Daily Express today

what did it say in the Daily Express ?

Judging by the sp movement, those rumours are getting stronger.
Alan

Yes, hlyeo. Please do tell. otherwise I'll have to put my clothes on and go buy a paper . . .

Yes , I'd like to know too.

Look in the sun

The Independent on Monday , said that NOP was a potential take over target...

This is a copy of the SUN report.

NORTHERN PETROLEUM, a big favourite among Sun City readers, rose 10p to 140. Informed sources say an announcement is imminent.

Thanks for that myown , very mysterious , the mind boggles at what it could be.

Your right there, espaceman.
I bought in at 90 and they have zoomed nearly every day.
They seem a good solid company, can't wait for the news.

I've only just bought , mainly at 160 and a small amount at 134 , so it's early days for me , but I agree this company seems well run.

Espaceman,

Thanks for your mention of the Independent - managed to locate the mention of NOP being "tipped by its brokers as a potential takeover target". Hmmm . . . That is the kind of thing brokers like to say, so one wonders how serious it actually is. IMO any offer would have to be over 3.00 to be interesting. I think NOP has plenty of potential as an independent company. Looking at Holland plus the potential in Italy I think they have a great future ahead of them and it would be a pity for the long-term shareholder if they got swallowed up by one of the majors. However, if they got more than 300p a share I shouldn't complain, since my average is 60p and some I got at 22.5p . . . Let's see what the next few days bring.

Yes I agree, even though I bought at 64p before the 5 for 1 offer, I would feel cheated if we were sold down the viver at 1.50 - 2.00; like you I think at least 3.00 - 4.00 would be more realistic.

There seems to be a deafening silence coming from the rumour mill in the last few days. Has anyone heard any news, or was last week's excitement just the result of the brokers giving the pot a stir?

Off a penny at the close, but 5p higher than the day's low. Due for another strong upward run?

The onshore oil prospect Avington-3 is apparently ready for testing in Q2, the well having been logged and a liner set, according to EDR's interim results released today.

Jeremy, I bought NP shares at ten pence, then sold them, and now i'm back in again for the long term.

My only concern is are we going to have a problem with the dutch assets: such as biodegradation of the like we encounted at Sandhills?
If not, with the latest revaluation, i would say the shares are well undervalued, and i won't be selling... even if the Avington well comes up dry.

Barclay of Huddersfield

Barclay,

I'm not an expert on biodegradation, but let's say I'm hopeful that it won't rear its ugly head again. The shares do seem cheap at present, which I take to be the market just waiting for a little more reassurance after the disappointments last summer. If it turns out that Avington is a bust then personally I don't think it deserves to have much of an effect on the SP, given its relatively low importance in the overall scheme of things and it certainly wouldn't put me off. NOP has much bigger fish to fry and will be doing so shortly. Any weakness in the SP at present ought to be a buy signal, IMO.

ST