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

I have decided to stick with nop. Left a bid to buy earlier on at 1.32 on fep. Just missed them before they started to go up again. Pity i did not leave 1.34 on them. I would have bought them. it was not to be they are now well up again. good luck to everyone.

Janet, you might like to take a look at Renesola (SOLA) - good visibility of earnings and lots of orders (some prepaid, covering a large chunk of their production capacity for the next three years) for their photovoltaic wafers. As always PDYOR.

Off Topic:
Janet: EME have some good prospects coming to fruition in the next few weeks. Certainly worth a look! A lot of upside potential.

Market happy with interim results.

Good rise of 10.5% yesterday so something is brewing and look for more today!

I brought into this share at 53p a few moons ago.Everything was looking rosey in the garden @1.50 plus but over the last 6 mths its just slowly drifted downwards.
I haven`t really looked at it for a while, so checked last update and everything seems to be going ok. Odd delays etc but thats not new for an oil company.
Just wondered if anybody could let me have there thoughts on the company.
Many Thanks

Some RNS news looks positive; but the real reason for the drift is the lack of a severe winter and easing of the Gas from Russia - nothing like a cold nip to stir the actions of Brokers.
However, you have seen a 100% rise so why not leave well alone - the business looks to be moving forward and in an industry that can sell all it makes.

Compared with UK-manufacturing, or Retail, this has to be a winner.
DYOR.

barclay - 03 Apr 2006 21:08 - 390 of 511
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


Bought these at 6p and then got nervous! LOL. Maybe it's time to take another look.

Many Thanks for your reply ( H ) I will hang on as i brought them as long term. Just thought as scrooge they were undervalued.

Yesterday's FT adds to the notion that these are undervalued - based on a report by Panmure Gordon which includes a new price target of 260p if memory serves (the report is probably included on NOP's website, but I haven't had a chance to check).

I may launch a new thread on this stock, but don't let me put you off posting on this one for the time being.

Good luck to holders.

ST (aka Jeremy)

FWIW The bottom line at present is that NOP is continuing to add to its considerable portfolio of licences and is moving towards production from its Dutch assets. Off the top of my head I think that the revenue stream looks a bit thin at present, but funding is in place for the planned developments and these will see revenues increase around the back end of 2008.

This is, after all an E&P company - with, currently, a lot of emphasis on the "E" (exploration) but "P" (production) will follow. The move into the gas storage joint venture looks like a good one - could potentially be very lucrative, with probably high start-up costs (haven't investigated, but Egdon Resources would provide a good comparison) but low maintenance costs.

Still, WDIK, just theorising at this point, but am definitely tempted to get back into the stock at this price given the prospects. Should be view as at least a medium-term hold, IMO.

PDYOR, etc.

Take a look at NOP, the market seems to like the latest RNS

Well I just sold my NOP shares in my SIPP for a 47% profit but I still hold them in my main ac...doing very well today and still a long way to go for NOP

I wish I'd given into temptation a couple of weeks ago . . . Still, just bought a handful - I agree with Dynamite as recent newsflow has been very encouraging.

It has been before!!!!
Where were you????
;-)
Alan

Good question, Al. But I have learned from my mistakes and am now trading on a far more active strategy.

Good luck to all,
ST

Patience does pay off. Brought back in the days of 53p. 2.00+ here we come

Todays Broker note from Investec...

The fourth in a series of asset deals at Northern Petroleum has seen the company sell 25% of its six Dutch discoveries and three exploration wells for a value that supports a price close to our 225p price target on the shares. 75% of the consideration is in cash with the remainder a balanced mix of producing assets, discoveries and an exploration prospect.

Impact

This deal strengthens the Balance Sheet with the company potentially having in excess of 25m of cash, before current year working capital and capex, once the deal has completed. Also, it further de-risks the developments by bringing is a sizeable Dutch strategic partner willing to acquire without contingency and adds a modest amount of near-term cash flow. In our view, the value of assets transferred to Northern totals 40m which supports a valuation of the group of 217p/share, just shy of our 225p price target.

Recommendation

As well as being the deep value play, Northern is building a reputation as a successful dealer of assets. Recent transactions should be the catalyst for investors to revisit the strong investment case and we maintain our Buy recommendation and 225p NAV-based price target

Great news, excellent post GF.

Music to our ears. Roll on 2.25...